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Momo Market Roundup, 5/20/2022 — $SPY Crazy EOD Squeeze… $AMZN 100 Point Days… $TSLA Elongate… 

 May 20, 2022

By  spectre_trades

$SPY Crazy EOD Squeeze!

SPY gapped up and gave us the gap up reversal in the morning… It was sitting just under our 395 level which is a great risk reward short. It downtrended all morning until it finally bottomed out right at our 381 level.. Towards the end of the day everyone started to cover going into the weekend and we got an amazing 10 point squeeze from the lows. Absolutely crazy day. 395P was cheap at about 3 bucks… went to 14! 385C were about .3/.5 and cruised to 5+!

$AMZN 100 Point Days

AMZN continues to provide excellent range.. Today was no exception. It tested our 2200 level in the morning consolidation and then completely broke down with the indexes… heading to 2100 before the end of lunch. 2150P was 7 bucks… went to 45!

$TSLA Elongate

TSLA was under pressure right out of the gate… even while the indexes were not quite in sell mode yet… perhaps from this rumoured scandal floating around. It popped up and tested our 722 level and then proceeded into all day sell mode. Our favourite. 700P was 5 bucks… went to 60+. Wow.

Two Hour Trader Student Results

Great day everyone!

spectre_trades


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

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