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Wednesday 22 January 2014

Sell S&P Futures @ 1842- win at higher risk

Previous signal to watch:
Look to sell S&P Futures @ 1842 or 1840 (higher risk) if it stays below & drops further, for 30 minutes expiration

S&P Futures built strong resistance @ 1842 & dropped, it also dropped from 1840 which is a 2nd possible resistance, sell if it reaches 1842 & drop again or sell @ 1840 at higher risk if it stays below & drops further

Result: Sell S&P Futures @ 1842- win at higher risk
S&P Futures went higher & reached 1843 before the stock market opened but couldn't go higher & dropped further below 1842 & 1840 later

Sell S&P Futures @ 1842 or 1840 as it dropped further to expire @ 1835.95 at 10:30am EST
(Time shown in chart is EST+13 hours)
It also continued to drop even further later


Overview of S&P Futures shows that S&P Futures mostly stayed below 1842 for the day
It tried to stay above 1842 after slightly breaking above but the resistance was strong enough to push it down further below to 1827-1828

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