jangseohee

SPY, the shooting star was created within A MINUTE!

AMEX:SPY   SPDR S&P 500 ETF
376 11 6
I seldom cover SPY             unless something interesting happened!
This "shooting star" look weird if you bother to use 1 minute chart, you would be able to see that the entire process of breaking resistance and then rejected below the resistance, all it took was a minute at 4:59pm

Mdm Y's buy/sell HFT             algorithm at work?
jangseohee
2 years ago
1,147 trades were registered during that minute for a total of 610k shares, roughly $200 million. The exchanges have issued a ruling that the trades will stand. Dump money that were chasing the short squeeze with market orders that were filled up at 213 were burned as they lost $6 on the SPY in seconds.
Reply
JohnKeverich
2 years ago
Is it just me, or there are some issues with the site today?
Reply
jangseohee JohnKeverich
2 years ago
u mean tv site? a bit slow?
Reply
jangseohee JohnKeverich
2 years ago
yup, loading of the data takes years :-)
Reply
That in Wyckoff terms is a heck of an upthrust...coming down hard ;)
Reply
jangseohee IvanLabrie
2 years ago
Yup yup, now i remember Wyckoff's upthrust, what does it mean in terms of the current market context? :-)
Reply
IvanLabrie PRO jangseohee
2 years ago
Stop hunting, some news event pushing price temporarily up, to then sell on the poor souls that got trapped in the rapid up/down gorefest.
Reply
jangseohee IvanLabrie
2 years ago
dump money chase all the way up!
Reply
jangseohee IvanLabrie
2 years ago
Oh yes, it is! Well, i see it a Shooting Star, since the high is not violated even for Christmas Rally, i am pretty happy about it :-)
Reply
jangseohee
a year ago
i had the honour to do some intraday SPY with my fellow followers, which is a good trade
snapshot

i emphasized a lot on the wicks/beards (rejections)
snapshot
Reply
IvanLabrie PRO jangseohee
a year ago
Nice run.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out