Although we can still get 11 wins with high risk trading using "trading signals to watch"
Previous trading signals to watch:
Trading risk increased today as there are a lot of economic news & volatility
S&P Futures rebounding @ 1801.45, building more support @ 1801.65, going up higher but support @ 1801.95 is weak as it dropped to 1801.65 again, another new possible weak support @ 1803
Look to buy @ 1801.45-1801.95 or 1803 (as low as possible, buying higher equals higher risk) if it stays above & goes higher
Temporary resistance @ 1805 can be broken easily but still possible to profit from it before it's broken
Look to sell S&P Futures @ 1805 if it stays below & drops (high risk)
Look to sell S&P 500 near end of day for 4pm EST expiration this week (high risk), especially on Friday which is the end of day, week & month at the same time
Watch S&P 500 @ 1800 (possible support), 1805 (possible turning point) & 1808 (possible resistance) again tomorrow plus 1803 as new possible support
S&P 500 closed slightly below 1803 today & yesterday but used 1803 as support at 12pm EST to shoot up to 1807
All for 30 minutes expiration or less, trading during news will also increase risk even more
Results:
Buy S&P Futures @ 1803- 2 wins
S&P Futures dropped slightly below 1803 at 8:36 am EST & expired @ 1804.15 at 9am EST (Time shown for S&P Futures is EST+13hours)
It dropped again to 1802.95 at 9:37am EST & reached 1807 (S&P 500's 1808) then dropped to expire @ 1806.15 at 10am EST
Sell S&P Futures @ 1805- 1 win
After S&P Futures dropped from 1807, it was stucked around 1804.45-1805
A safer trade would be after it dropped below 1804.45 for it to expire @ 1802 at 1pm EST
Buy S&P Futures @ 1801.45-1801.95- 1 win
S&P Futures dropped to 1801.45 & went up to expire @ 1803 at 1:30pm EST
Sell S&P 500 @ 1808 resistance- 3 wins
S&P 500 kept breaking slightly above 1808, trying to stay above it but failed & dropped each time
1st, S&P 500 reached 1808.18 at 9:56am EST & dropped to expire @ 1806.62 at 10:30am EST
2nd, S&P 500 reached 1808.06 at 10:42am EST & dropped to expire @ 1806.86 at 11am EST
3rd, S&P 500 stayed around 1808.14 for a while & finally dropped to expire @ 1806.86 at 12am EST
It also dropped more until 1803 then dropped again @ 1808.00 2 minutes before the market closed but it was already too late
Buy/Sell S&P 500 @ 1805 turning point- 2 wins
It was also possible to sell @ 1805 when it stayed below & drop more and buy @ 1805 when it stayed above & go higher
S&P 500 dropped from 1804.83 at 12:56pm EST to expire @ 1803.91 at 1:30pm EST
S&P 500 then broke & stayed above 1805 & started to go up higher from 1805.29 at 2:28pm EST to expire @ 1807.20 at 3pm EST
Buy S&P 500 @ 1803 new possible support- 1 win
S&P 500 dropped slightly below 1803 at 1:20pm EST but rebounded & went higher to expire @ 1803.91 at 1:30pm EST or @ 1804.77 at 2pm EST
It also went higher to reach 1808 near end of the day
Sell S&P 500 near end of day for 4pm EST expiration (high risk)- 1 win at higher risk
Possibility of S&P 500 dropping again at the end of the day was reduced but it was still possible
S&P 500 already dropped sharply from 1808 10 minutes before 12pm EST today
It also rebounded @ 1803, hesitated just below turning point @ 1805, broke above to go higher & reached 1808 again to expire @ 1807.23
S&P 500 did not have enough time to drop more as the market closed
(S&P Futures dropped more after the market closed)
Highest chance of winning is to sell as close as possible to 1808 as resistance is still there
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