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Thursday 17 October 2013

Buy S&P 500 @ 1720- won, Sell S&P 500 @ 1730- won, Buy S&P 500 @ 1726- won

Previous signals:
Buy S&P 500 @ 1720 if it stays above, for 30 minutes expiration or less
S&P 500 broke above 1720 resistance
Result: won
S&P 500 expired @ 1723.62 at 11:30am EDT
President's speech also helped strengthened support @ 1720

Sell S&P 500 @ 1730 if it stays below, for less than 30 minutes expiration (1-5 minutes expiration preferred)
Risk: Although 1730 might provide some resistance, the market is still bullish & might break above 1730 later if it's strong enough, trade as soon as possible
Result: won
S&P 500 expired @ 1726.90 at 1:30pm EDT

S&P 500 stayed below longer than we expected as the market is being cautious before reaching an all-time high after a long rally since the market opened, so any expiration between 1-30 minutes should be a win if you traded as close as possible to 1730
S&P 500 also broke above 1730 later as we suspected

Buy S&P 500 @ 1726 if it stays above, for 30 minutes expiration
S&P 500 rebounded @ 1726 again, support strengthened
Risk: Support @1726 was slightly broken for a while
Result: won
S&P 500 expired @ 1727.80 at 3pm EDT
S&P 500 also hit a new record & reached an all-time high of 1733.15 (1732.94 shown below is delayed)



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