S&P Futures dropped from 1890 to 1850 last Friday, possible support @ 1850 but still quite risky as it's too weak
Resistance formed @ 1860 but might be temporary
Look to buy S&P Futures @ 1850 if it stays above & goes higher, for 30 minutes expiration
Look to sell S&P Futures @ 1860 if it stays below & drops further, for 30 minutes expiration
Sell S&P Futures @ 1855 if it stays below & drops further, for 30 minutes expiration
New resistance formed @ 1855, stronger resistance still @ 1860
Results:
Buy S&P Futures @ 1850- win at higher risk
Sell S&P Futures @ 1860- invalid
Sell S&P Futures @ 1855- win
S&P Futures dropped below 1850 but rebounded temporarily
Stop buying after it dropped below 1850 but couldn't rebound again later
S&P Futures stayed below 1860, only reaching 1857 & dropped as new resistance formed at 1855
S&P Futures dropped sharply from 1855 to 1834 after breaking above 1855 temporarily
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