RainbowAlgo SPY recap for 2/27/23

3 signals triggered
2 trades taken
+155%

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.

Comments

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