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Tuesday 29 October 2013

Sell S&P Futures @ 1760.65- invalid

Medium risk trade:
Sell S&P Futures @ 1760.65 if it stays below, for 5 minutes expiration
S&P Futures went up after economic news but is dropping @ 1760.65
Risk: Trading the news can be quite risky as it becomes volatile

Result: invalid
S&P Futures broke above 1760.65 resistance & is staying flat @ 1761.125
1760.65 might turn into support
It should drop but continues to go higher, so it might not be safe to trade anymore

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