AMEX:XLB   Materials Select Sector SPDR
G/G trend
13/21/34 Propulsion Dots,
RAF has just fallen below extremes.
Touching Vscore support from fisrt of the year, along with first of the year VWAP.
Darvas 3.0 signal

Entry on break above Minor High @ 83.05.
Move stop to B/E @ 83.95 (50% Fibonacci)
Profit Target - $85.20.
Stop Loss @ 25% Options

Looking @ 17March23 Options 83 Calls.
Option interest is 800.
Only 39 Days until expiry, but the June Calls are 130 days out.

Comment:
Entered on momentum today.
2 Options purchased @ 2.45.
Trade closed: stop reached:
25% Loss.

Down move today stopped out the position @ 1.80.
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