Example Trades

SPY - 2023/01/16

The POC ( Volume Point of Control ) is one of the best levels to use for support / resistance. Here SPY presented an early long opportunity right after open with a retest of the Pre-Market low. You can see how each test of the top of the POC was rejected hard, providing good short opportunities.

PHUN - 2023/01/16

PHUN provided several great trades on this day. The best was watching for the break of the “Mental” level $3.00 after price had consolidated under it. The purple box shows price consolidating under the $3.00 level. After breaking above you could go long. Ideally, it is great to see a level retested before the next leg up. Here you can see the retest in the second green circle.

HMST - 2023/01/16

HMST created a PM high and then consolidated at the bottom of the GAP. It then moved up again into the gap and consolidated at the PM high. This would be a good spot to watch for a next leg with tight stops under the PM high.

MDRX - 2023/01/16

ook how cleanly MDRX followed the levels on this trade. At open it fell and found support at $9.00 a mental leve (1). It then bounced and began to consolidate between the PDL and PDC (2). Breaking out of this range it continued up until it found resistance at 9.40 a volume and price resistance levels (3). Clearing this level if finally found it’s peak at 9.50 (4) another mental level. Afterward you can see how the 9.40 level was tested once as support and then resistance (5).

AAPL - 2023/01/17

Apple dipped early in the day bouncing right at a volume and price level 180.32. Added calls at (1) and held until price got to the next level higher at 182.05 to scale out half (2). The last half was sold for 700% gains at circle (3).

SPY - 2023/01/19

This setup shows one of the best ways to leverage these levels. Look at how SPY is range bounce between (1) and (2). You could scalp these levels while waiting for a break in one direction or another. In this case SPY broke up while you could trade the break of resistance another options is to wait for the retest. At (3) we see a perfect back-test and then SPY continued up to the PMH (4) .

UMA.X - 2023/01/21

Here on UMA.X is another example of a break and then retest preceding a large move up. At (1) and (2) the bottom of the POC is tested and rejected. The price then breaks above and retests twice (3). The second retest propels it up explosively but either retest would have resulted in a profitable trade.

SPY - 2024/03/18

Here we saw a GAP up over night. Waiting until the price hit a level and then playing the reversal led to a large day long trade from one level all the way to the next.

NIO - 2024/05/01

Here on NIO is another great example of a break and retest.