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Friday 20 December 2013

Look to buy S&P 500 @ 1810 or 1813

Although S&P 500's 1810 still remains as a resistance as S&P 500 failed to stay above 1810 & closed @ 1809.60,
S&P 500 is getting stronger & will try to break & stay above 1810 again

Watch S&P 500 @ 1810 & 1813 to see if it's strong enough to break & stay above 1810 today, next possible resistance @ 1813 which was the highest point reached before, but will also be at risk as S&P 500 is trying to go higher

Look to buy S&P 500 @ 1810 or 1813 (or S&P Futures' 1804, 1807) if it breaks & stays above 1810, going higher
We expect S&P 500 to break above 1810 & even 1813 today, reaching a new all-time high, but it'll depend on strong market movement 
However, we still have to cover other possibilities in case S&P 500 is weaker than expected

Look to sell @ 1810 or 1813 (high risk, resistances might be broken later, use shorter expiration of 5-15 minutes) if it's weaker, stays below & drops further
Look to buy S&P 500 @ 1800 or higher if it drops near 1800, rebounds & goes higher
S&P 500 dropped to 1801.59 & rebounded higher yesterday

All for 30 minutes expiration except sell @ 1810, 1813- 5-15 minutes expiration

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