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Thursday 31 October 2013

Sell S&P 500 @ 1760- invalid

Previous signal:
Medium risk trade:
Sell S&P 500 @ 1760 if it stays below, for 30 minutes expiration
Stocks dropped too fast but failed to rebound, S&P 500 staying just below 1760 yet still trying to break above 1760, resistance @ 1760 for now

Risk: It might try to break above 1760 again

Result: invalid
S&P 500 broke above resistance @ 1760, therefore invalid & not safe to trade
S&P 500 also went down at the end of the day as we expected, but it was too risky to trade today as stocks became volatile at the end of the month


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