Another breakout entry with quick exits (too quick perhaps).
The overnight highs ($146) acted as a significant pivot, as did the opening swing high which saw price ricochet off of.
A couple of entries on the long and short side. Shoulda/Coulda/Woulda taken the 2c-2d criteria (15-min) entry just before 1:30. The short just after noon was somewhat an all-or-nothing trade. In other words, I should have taken half off at $146 which coincided around vwap at that time, but figured I'd either take a more or less b/e trade if it gets a strong bounce off of vwap or let it run to $145.75 (was thinking $143.70, but wanted to get more of a "guarantee" fill, which turned out to well).
While the Advance/Decline has seen some divergence these past two days, the Up/Down differential has barely seen a negative reading all week.
The daily coming up on that upper channel. A 50% retrace would be nice to see, but being Options Expiration week, we could see things get manic.
an update on the IWM, QQQ, DIA daily charts posted over the weekend
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