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Monday 9 December 2013

S&P Futures signals results- 3 wins, 1 loss

Previous signals to watch:
S&P Futures support @ 1805, 1806.65, resistance @ 1808.5, next possible resistance @ 1810
S&P Futures is trying to break above 1810 & go higher, selling will be riskier but still possible to win if resistance is strong
Look to buy at supports if it stays above & go higher, sell at resistances if it fails & drops further
All for 30 minutes expiration or less

Results: 3 wins, 1 loss (4 wins if using less than 30 minutes expiration)
Sell S&P Futures @ 1808.5 for it to drop & expire @ 1807.65 at 9am EST (Time shown is EST+13hours)
After 1808.5 was broken above later, we shouldn't trade it anymore as it's just a temporary resistance

Sell S&P Futures @ 1810 for it to drop to 1807.45 at 9:45am EST for less than 30 minutes expiration (5-15 minutes)
But a 30 minutes expiration would let it reverse & go higher to expire @ 1811 at 10am EST & result in a loss due to volatility generated by the market opening at 9:30am EST as we mentioned earlier that "S&P Futures is trying to break above 1810 & go higher"

After 1810 was broken above, it wouldn't be safe to trade it anymore but you could still win 1 more time at a higher risk
Sell S&P Futures @ 1810 for it to drop & expire @ 1806.65 at 10:30am EST
Buy S&P Futures @ 1806.65 for it to rebound & expire @ 1808.65 at 11am EST



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