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Thursday 21 November 2013

Buy S&P 500 @ 1790, Sell S&P 500 @ 1790

High risk trades:
Buy S&P 500 @ 1790 if it breaks above & goes higher, for less than 30 minutes expiration
Sell S&P 500 @ 1790 if it fails to break or stay above & drops, for less than 30 minutes expiration

Stocks are going back up as S&P 500 is reaching 1790
Resistance @ 1790 slightly broken, stocks are still in uptrend but hesitating @ 1790, staying just below it

Risks: S&P 500 might be too high & only stay above temporarily if support is weak, more possible resistances @ 1792, 1794, 1796, choose a shorter expiration
S&P 500 might also drop below support then go higher if it follows previous market pattern again

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