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Wednesday 27 November 2013

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)

All for 30 minutes expiration or less, trading during news will also increase risk even more

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