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Tuesday 10 December 2013

Buy S&P Futures @ 1806- lost

Previous signal:
High risk:
Buy S&P Futures @ 1806 or slightly higher if it stays above & goes higher, for less than 30 minutes expiration

Result: lost (win if using less than 30 minutes expiration)
We issued signal after S&P Futures rebounded @ 1806 again & went higher to break above previous high
S&P Futures was expected to reach 1810
But it failed to go higher above 1808 & dropped from 1808 at 10:55am EST to expire @ 1806.15 at 11am EST & even dropped further below 1806 later
Although, using a less than 30 minutes expiration before 10:55am EST would be a win
(Time shown for S&P Futures is EST+13hours)

It turned out that S&P 500 found resistance @ yesterday's closing price 1808.37 (S&P Futures' 1808) & dropped, causing S&P Futures to drop too

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