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Wednesday 26 March 2014

Sell S&P 500 @ 1870- win, Buy S&P Futures @ 1860- invalid

Previous signals:
Sell S&P 500 @ 1870 if it stays below & drops further, for 30 minutes expiration
Risk: Resistance @ 1870 remains but it's trying to break above 1870

Buy S&P Futures @ 1860 if it stays above & goes higher, for 30 minutes expiration
S&P Futures is building support @ 1860 (S&P 500's 1868)

Update:
Resistance @ S&P 500's 1870 is stronger than support @ S&P Futures' 1860, sell instead of buying for now


Result:
Sell S&P 500 @ 1870- win
Buy S&P Futures @ 1860- invalid

S&P 500 broke above 1870 slightly but dropped back below, even breaking below temporary support @ 1868 & dropped further to 1856


S&P Futures broke below 1860 temporary support after S&P 500 failed to stay above 1870 therefore signal is invalid


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