RainbowAlgo: SPY Recap 2/27/23 (+155%)

Submitted by lurk-moar t3_11dzypq in wallstreetbets

RainbowAlgo SPY recap for 2/27/23

  • 3 signals triggered
  • 2 trades taken
  • +155%

RainbowAlgo: SPY 5M 2/27/23

Trade 1: Took the Put signal at 10:20, exit at R2 pivot level.

Trade 2: Played the fade off of R3 pivot level at 14:10, exit at R1 pivot level.

P/L: +155%

https://preview.redd.it/n137l99vsvka1.jpg?width=1080&format=pjpg&auto=webp&v=enabled&s=b0b997c415676b419b69e43eaad343891da49115

SPY 2/28/23 30M Look Ahead

  • Put signal triggered at 14:20
  • Bullish after market action
  • Closed above R1 daily pivot

RainbowAlgo: SPY 30M 2/27/23

Analysis

  • Scenario 1: Small gap up at open followed by bearish action.
  • Scenario 2: Gap down at open, retracement to R2 daily pivot followed by bearish action.
  • Overall sentiment: Bearish

Disclaimer

Poster is not registered as a financial advisor and all information is provided for educational purposes only and should not be construed as financial advice. You must be aware of the risks and be willing to bear any level of risk to invest in financial markets. Past performance is not necessarily indicative of future results. Do not trade based on this post or analysis.

11

Comments

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VisualMod t1_jabpqn7 wrote

User Report
Total Submissions 1 First Seen In WSB 2 months ago
Total Comments 2 Previous Best DD
Account Age 12 years [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
>TL;DR: Bearish
1

VisualMod t1_jabpqxz wrote

>Thanks for the update!

1

Dorktastical t1_jabruup wrote

Maybe you should go back to drinking, considering how small your account is. Try trading when 10s or 100s of 1000s.

−4

lurk-moar OP t1_jabungj wrote

lol started a fresh account with $100 for a $100 to $10k challenge but thanks anyway, sobriety rocks and I plan to stay that way

4

L33n1xu5 t1_jabslkp wrote

It's not the size, it's how

2

Dorktastical t1_jabss4w wrote

And this idiot is clearly just trying to monetize WSB by sending people to a for-profit trading indicator, what's your fucking point defending that?

−3