High risk trades:
Sell S&P 500 @ 1805 (higher risk) or 1808 if it stays below & drops further, for 30 minutes expiration
Sell S&P Futures @ 1805 (higher risk) or 1808 if it stays below & drops further, for 30 minutes expiration
S&P Futures dropped below possible support & looks weak at the beginning
S&P 500 dropped @ 1808, following S&P Futures
Next possible support @ S&P 500's 1804.76/1805 also broken
New resistance @ S&P Future's 1805, S&P 500 might follow S&P Futures again
Economic data worse than expected
Turning point @ S&P 500's 1805
Results:
Sell S&P 500 @ 1805- invalid (Trend changed & S&P 500 broke above 1805)
Although it dropped @ 1805 later after 3pm EST, the drop was too sharp & risky to trade, especially near end of day which has increased volatility
There also wasn't enough time to trade it as it dropped too fast, so we won't count that as a win
Sell S&P 500 @ 1808- won
S&P 500 reached 1807.44 & dropped to 1806.89 at 2:30pm EST
It also continued dropping but rebounded @ 1800.78 & closed @ 1802.48
Watch S&P 500 @ 1800 (possible support), 1805 (possible turning point) & 1808 (possible resistance) tomorrow
Sell S&P Futures @ 1805- 2 wins, 1 loss
S&P Futures hit 1805 & dropped to 1804.15 at 12pm EST (Time shown below is EST+13hours)
It also hit 1805 & drop again to 1803.55 at 1pm EST
It finally failed the 3rd time it hit 1805 as it went up to reach 1805.15 @ 2pm EST & stayed above 1805 weakly for less than 1 hour before dropping below 1800
Sell S&P Futures @ 1808- invalid (S&P Futures did not reach 1808 anymore)
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