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Tuesday 31 December 2013

Buy S&P 500 @ 1840- 4 wins at higher risk

Previous Analysis & Signals to watch:
The stock market continues to be unstable as stocks drop, trading will be at a higher risk
Watch if S&P 500 can stay above support @ 1840 & break above 1842 to go higher
Economic news @ 10am EST might be the deciding factor
High risk:
Look to buy S&P 500 @ 1840 if it stays above & goes higher, especially if economic news is better than expected & the market goes up after that

Update:
S&P 500 support @ 1840 broken, S&P Futures possible support @ 1835.45 & 1835.0 also broken
Economic news worse than expected although better than previous, stocks should be quite weak today
Buy S&P 500 @ 1840 became invalid & not safe to trade

Results: invalid / 4 wins at higher risk
Although signal became invalid & not safe to trade after it broke below support, it's still possible to win trading at higher risk after it broke & stayed above 1840 later
After update, S&P 500 dropped to 1839, which confirms that it's not safe to trade
Then it rebounded & went up above 1840 again, but also dropped below 1840 several times
However, it's still possible to win trading at higher risk even though it's not in the best market conditions

Buy S&P 500 @ 1840 after it stayed above & went higher, for 30 minutes expiration
S&P 500 expired @ 1840.85 at 11:30am EST, 1840.57 at 12pm EST, 1840.47 at 2:30pm EST, 1841.07 at 4pm EST


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