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Thursday 12 December 2013

Buy S&P Futures @ 1780- 2 wins

Buy S&P Futures @ 1780 if it stays above & goes higher, for less than 30 minutes expiration

Results: 2 wins (calculated using less than 30 minutes expiration, 5-15 minutes)
S&P Futures jumped after economic news at 8:30am EST to expire @ 1783.65 at 8:45am EST & dropped to 1783.45 at 9am EST
(Signal issued at 8:40am EST after it broke above 1780 & was going higher)
(Time shown in chart is EST+13hours)

S&P Futures then dropped slightly below 1780, showing weakness & resistance @ 1783.65, but still managed to reach & expire @ 1782.45 at 9:35am EST then dropped to expire @ 1781 at 9:45am EST, showing more weakness as it stayed below 1783

After S&P Futures dropped below 1780 & couldn't rebound higher, further weakened by worse than expected Business Inventories at 10am EST, it wasn't safe to buy anymore


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