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Friday 17 January 2014

Sell S&P Futures @ 1840- 3 wins

Trading signals to watch "Sell S&P 500 @ 1850 (S&P Futures @ 1844), Buy S&P 500 @ 1846 or S&P Futures @ 1840" invalid after data leak which caused stock futures to drop below 1840

Economic data & earnings reports were not good enough for S&P Futures to even go back above 1840

New trading strategy formed after analyzing stock market's reaction
Sell S&P Futures @ 1840 if it stays below & drops further, for less than 30 minutes expiration S&P Futures dropped sharply after reaching 1840, 1840 turned into possible resistance

Results:
Sell S&P Futures @ 1840- 3 wins
S&P Futures broke slightly above 1840 but dropped back near 10am EST for the last economic data, sell at higher risk after it dropped further for it to expire @ 1839.45 at 10:30am EST
(Time shown in charts are EST+13hours)



S&P Futures broke above 1840 temporarily but failed to stay above & dropped below again to expire @ 1839.15 at 2pm EST



S&P Futures reached 1840 for the 3rd time but this time it stayed below & dropped further to expire @ 1839.45 at 3pm EST or 1838.95 at 3:30pm EST 



Finally, S&P Futures dropped to 1837 10 minutes before the market closed & jumped up to break above 1840 but dropped back to close @ 1839.95 then dropped further below, showing that resistance @ 1840 is still strong even though it kept trying to break above it
Watch S&P Futures @ 1840 again tomorrow



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