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Monday 18 November 2013

Buy S&P 500 @ 1798- won

Medium risk trade:
Buy S&P 500 @ 1798 or slightly higher (below 1800) at a higher risk for 30 minutes expiration if it stays above

FOMC's Dudley: Not yet enough growth momentum to give Fed confidence in labor market outlook

Possible resistance @ 1800, 1801 but also possible to break above later

Result: won
S&P 500 expired @ 1800.48 at 2:30pm EST
Best entry point @ 1799.05 at 2pm EST (which is slightly higher than 1798 but still below 1800) after support @ 1798 was confirmed as it did not go lower anymore
It also broke above resistance @ 1800 as we expected


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