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Friday 3 January 2014

Buy S&P Futures @ 1832, Buy S&P 500 @ 1836

S&P Futures dropped to its lowest point today @ 1820.65 but might be oversold as it rebounded strongly
Possible support @ 1820, 2nd weaker support @ 1823 although already broken, no solid support found
Highest point @ 1832 before market opens, tried to stay above 1830 but failed & dropped further
S&P Futures built small support @ 1828.45 & jumped back up to 1832 after market opened, showing that it wants to go higher today
But it's staying below 1832 & building resistance for now
Buy S&P Futures @ 1832 if it breaks above & goes higher, for less than 30 minutes expiration
Risk: It might fail to stay above

S&P Futures testing 1830 (S&P 500 @ 1836) & 1832
Buy S&P 500 @ 1836 if it stays above & goes higher, for 30 minutes expiration

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