Watch S&P 500 @ 1770, buy if it rebounds anywhere near it, even if it drops below, for 30 minutes expiration
But it'll be at a higher risk because we'll be trading on market patterns instead of supports/resistances
(that are not followed accurately recently) & patterns can change anytime
Recent market pattern is breaking below supports then rebound
Watch for possible drops at 10am & 11am EDT, then buy S&P 500 if it rebounds for 30 minutes expiration
Results: 1 win, 1 invalid/ win at higher risk
S&P 500 dropped from 1772.99 at 10am EDT as we predicted, to 1770.99 (buying point) & expired @ 1771.94 at 10:30am EDT
S&P 500 also dropped from 1772.70 at 11am EDT but dropped too low to 1767.38, not near 1770
Therefore invalid & not safe to trade, although a higher risk trade would've still barely won as it expired @ 1767.56 at 12pm EDT
Although we were able to predict the drops at 10am & 11am EDT even before the market opened, these predictions are based on recent market pattern & highly experimental
They should be used less as patterns can change anytime & predictions cannot be confirmed beforehand for safer trades
We chose not to sell as it's widely expected that the Fed will not taper until next year
We also expected it to rebound higher like it did yesterday but S&P 500 failed to do so after failing to break above resistance @ 1773, showing that patterns cannot be all that accurate
No comments:
Post a Comment