CRWD Bullish Daily Chart - Exit

 Truth is, I got spooked. Market is and has been very overbought for a long time. Feels like any little excuse could cause a significant pull back. 

Astro traders are talking about the "Pink Super Moon" and Mercury at perihelion yesterday and today. These events can be seen on historical charts having a track record of causing significant reversals. I've seen the charts but don't have copies to post here. The data is easily available if you want to Google it.

We're about to go into the month of May, when many traders may adhere to the "Sell in May and go away" mantra.

The ES, YM, NQ, and RTY equity index futures are all going sideways on the Daily charts, with volume waning over the past few trading days.

Lots of Quarterly Earnings coming out this week, including some of the biggest market influencers.

Federal Reserve FOMC decision tomorrow 14:00pm ET. 

And specifically to CRWD, we have a Dark Cloud candlestick formation. See the bottom chart above. Yesterday's high was 225.10. Today's open was 225.48, which is above yesterday's high. And today's close was below the halfway point in yesterday's candle body. That's the definition of a Dark Cloud, which is suggestive of more downside. And this was formed with high Stochastics. However, normally one should not exit from a candle formation until you have a close below the 8ema. So I know I got out early. But, like I said, I got spooked, given all the other things going on.

Given all the above factors, and that there was still a little profit to capture, I took a preemptive measure and sold not only this position, but several others as well. If it becomes evident in the near future this was an unjustified exit, we can get back in.

Summary:

CRWD May 220/230 Call Spread

Entry:  $4.39 4/22/21

Exit: $4.75 4/27/21

Net: +$36.00