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Momo Market Roundup, 5/19/2022 — $SPY Gap Down Range Bound… $TSLA 700 Reclaim… $AMZN Big Range… 

 May 19, 2022

By  spectre_trades

$SPY Gap Down... Range Bound

SPY gapped down again today and then went into chop mode… these are one of the days you really need to stay on the outside edges to grab a trade.. But absolutely fine to just walk away. SPY never reached any of our levels for a really great risk reward entry so we stayed away.

$TSLA 700 Reclaim

TSLA is right on the brink of holding that 700 level.. We briefly lost it in the morning chaos before finding it again and seeing some rally from there.. Right into our 734 level before noon. 720C from 10 to 24.

$AMZN Big Range

AMZN was a wild mover today in the consolidation. It tested yesterdays lows and then proceeded to rip higher right into 2200 level… Not a bad 100 point day that is for sure. 2200C from 12 to 35… also before noon!

Two Hour Trader Student Results

After big moves often the market needs to digest the move and we may end with this very choppy atmosphere. Never anything wrong with calling it a day.

spectre_trades


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

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