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Momo Market Roundup, 5/10/2022 — $SPY Gap Up Reversal… $UPST Wrecked… $AMD Pop And Drop… 

 May 10, 2022

By  spectre_trades

$SPY Gap Up Reversal

SPY had a nice gap up after it tagged 400 yesterday.. It gave us a nice double top on our 405 level to get short and it took us for a 10 point run to the lows. Always a good feeling. 400P went from 2.5 to a high of 7.3 at the lows. Not bad for a few hours.

$UPST Wrecked

UPST has fallen like crazy over the past several months… it was near 400 not that long ago. This morning? Sitting around 40. Wow. It gave us a nice pop in the morning to load up short.. As soon as it lost 36 it was game time. It ended up giving us a nice 1:3 risk reward with commons if you risked to the high of the day. Swell.

$AMD Pop And Drop

AMD rallied with the Q’s overnight and gave us an excellent risk reward short entry. It had a nice big level below if it broke 90.. Which we love. It quickly did that before 1030 and came just shy of our 85 level. When we play the big levels we always bank. 90P from 3.3 to 5.5!

Two Hour Trader Student Results

Keep it up guys. Up or down.. process is all that matters.

spectre_trades


Momentum Trader. Technical Chart Analyst. Always on the hunt for 3x or better reward to risk.

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