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Wednesday 28 August 2013

Sell S&P 500 @ 1640, Sell JPM @ 51.0

Medium risk trades:
Sell S&P 500 around 1640 for end of day expiration
Sell JPM around 51.0 for end of day expiration
Risks: both went above their resistances earlier, resistances @ 1640 & 51.0 are weakened, probability of winning are reduced as they can be broken but they look like they're going down now
Investors might've finally given up breaking above resistances & take profit at the end of the day

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