Sell S&P 500 around 1745 (or lower) for 4pm EDT end of day expiration
S&P 500 failed to stay above 1745 & also broke below support @ 1744, it should close lower at the end of the day because investors will be cautious of NFP tomorrow
Result: lost
S&P 500 expired @ 1744.66, slightly above Friday's closing price but we'll count it as a loss because it went back up too high although 1745 is still not broken
S&P 500 dropped earlier than we expected & also broke below another support @ 1742,
but reversed trend @ 1741 because of the sudden drop & stronger support @ 1740
The reason we chose end of day expiration was because the market was moving quite slowly & 30 minutes might not be enough time for it to drop more
But it suddenly dropped too fast, giving it an opportunity to rebound around 1741
We should've continued using 30 minutes expiration because of the volatility at the end of the day
We should also be more careful tomorrow as the market didn't appear to be cautious at the end of the day & it might also go up despite bad economic news
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