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Thursday 19 December 2013

Sell S&P 500 @ 1800- invalid/ lost

Previous signal:
High risk:
Sell S&P 500 @ 1800 if it stays below & drops further, for less than 30 minutes expiration
Possible resistance @ 1800 although not confirmed yet

Result: signal is invalid as possible resistance @ 1800 cannot be confirmed when it did not drop further but broke above 1800 instead
We'll still count it as a loss anyway

S&P 500's next possible & stronger resistance @ 1810 was also slightly broken as S&P 500 kept breaking above resistances without strong supports even though it's too high, jumping from 1775.87 to 1810.65 after Fed's statement
However, S&P Futures showed that S&P 500 failed to stay above 1810 after the market closed
S&P Futures dropped from 1806.45 & further below 1804 (S&P 500's 1810)


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