S&P Futures possible resistance @ 1830 but it still wants to go higher, especially after better than expected economic news
High risk:
Look to buy S&P Futures @ 1830 if it stays above & goes higher
Sell S&P Futures @ 1830 if it stays below & drops further
All for 30 minutes expiration or less
Results: Buy S&P Futures @ 1830- 3 wins
S&P Futures broke above 1830 & continued to go higher, expiring @ 1832.45 at 10:30am EST
(Time shown in all charts below are EST+13hours)
S&P Futures dropped back to 1830 & rebounded to go higher & expired @ 1831.65 at 12:30pm EST
S&P Futures dropped below 1830 but couldn't drop any further as it found small support @ 1828.65 & rebounded back up
It also wasn't quite safe to sell as stocks went higher after better than expected economic news & confirmation of Yellen as Fed Chairman yesterday, which is good for stocks
Therefore selling S&P Futures @ 1830 is not recommended & riskier but still possible to win if using less than 30 minutes expiration (5-15 minutes)
It would be safer to buy S&P Futures @ 1830 after it went back up, stayed above & went higher, expiring @ 1832.15 at 3pm EST
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