S&P Futures support @ 1823, resistance @ 1830
Look to buy S&P Futures @ 1823 if it stays above & goes higher
Look to sell S&P Futures @ 1830 if it stays below & drops further, especially if economic news is worse than expected
Look to buy S&P Futures @ 1830 if it stays above & goes higher, especially if economic news is better than expected
Most important economic news will be ISM Non-Manufacturing PMI, which might be the turning point
Risk: 1830 might be tested several times during economic news before the market stabilizes
All for 30 minutes expiration
Update:
Stronger resistance @ 1832-1834
Sell S&P Futures @ 1832 if it stays below & drops further, for less than 30 minutes expiration
Results: Buy S&P Futures @ 1830- win, Sell S&P Futures @ 1830- win
Buy S&P Futures @ 1830 as it stayed above & went higher for it to expire @ 1832.15 at 9:30am EST
(Time shown in chart is EST+13hours)
Sell S&P Futures @ 1830 after it dropped below & further for it to expire @ 1826.45 at 10:00am EST
S&P Futures also dropped further below 1823 after worse than expected economic news, making signal "buy S&P Futures @ 1823" invalid as support is broken
Sell S&P Futures @ 1832 also invalid as it couldn't be reached again anymore
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