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Thursday 14 November 2013

Buy S&P Futures @ 1780, Sell S&P Futures @ 1785, Buy S&P Futures for 10am EST expiration

Medium risk trades:
Buy S&P Futures @ 1780 for 30 minutes expiration or less if it stays above
Sell S&P Futures @ 1785 for 30 minutes expiration or less if it stays below
S&P Futures rebounded @ possible support 1780 (not confirmed, wait for it to retest 1780 to be safer), current resistance @ 1785 but possible to break above after the market opens @ 9:30am EST

Risk: All US economic data are worse than expected & stocks might be mixed, avoid trading if support/resistance is broken to be safer although current market pattern is to break below support & go higher

Chart shows possible support @ 1780, resistance @ 1785


High risk speculative trade: (without specific price target)
Buy S&P Futures if it goes up after 9:30am EST for 10am EST expiration when Fed Chairperson-Designate Yellen is due to testify
Stocks should go higher ahead of it
Avoid buying if it S&P Futures nears & stays below 1785, wait for it to break & stay above if that's the case

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