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Friday 22 November 2013

Buy S&P Futures @ 1795- won

High risk trade:
Buy S&P Futures @ 1795 or 1796 (higher risk) if it stays above, for less than 30 minutes expiration

S&P Futures broke above new temporary resistance @ 1795 which might become the turning point to decide if stocks go up or down for the rest of the day

Risks: more resistances @ 1796-1800 but stocks are still trying to go higher

Result: won
After breaking above 1795, stocks went up for the rest of the day as we expected
S&P Futures then dropped slightly below 1796 & went higher to expire @ 1797.15 at 11am EST 22 November 2013 (Time shown below is EST+13hours)




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