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Thursday 26 September 2013

Trading Signals to watch

Trading Signals to watch:
Yesterday, S&P 500 rebounded around 1692.5 twice but it's not a support, it also broke & barely stayed above 1700 for 1 hour before dropping
Look to buy S&P 500 @ 1700 if it breaks & stays above 1700 again, for less than 30 minutes expiration 
Risk: Support @ 1700 is weak & can be broken anytime, only trade if it looks strong enough to at least hold for a while
Shorter expiration is preferred (5-30mins expiration)
Look to sell S&P 500 @ 1700 if it drops below again, for 30 minutes expiration

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