SPY opened at $489.12, -3.2% from the prior session. The low of the day came on the 9:40 AM bar at $481.80, and the high on the 10:15 AM bar at $523.08. The last 5-minute bar closed at $504.39, -0.2% from the prior close, with a range of 8.2% in one session.
The jump came on a rumor that Trump was considering a pause in tariffs, and it faded once the White House called the report fake news (AP).
Could you have traded it?
Play the day from the open in Market Replay with the rest of the chart hidden, and trade it the way you normally would. These are the questions I'd want an answer to by the close:
- At the open, with SPY already gapped down hard, were you selling, buying the gap, or waiting?
- When the headline spike came, did you chase it, fade it, or sit on your hands?
- How did you decide whether the headline was real before you traded it?
- If you bought the spike, where was your stop when it came back in?
- Did you trade your normal size on a day with this much range?
Watching the replay needs no account. To trade the day yourself it has to be inside your plan's history: Free replays the last 30 weekdays, Trader the last 365 weekdays, and Quant every day since March 28, 2023.