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Monday 7 April 2014

Sell S&P Futures @ 1887- win

Previous analysis & signals:
S&P Futures broke above resistance 1887 after NFP but not supports found yet
Possible support @ 1887 if resistance turns into support

Look to sell S&P Futures @ 1887 if it stays below & drops further, for 30 minutes expiration
Look to buy S&P Futures @ 1887 if it stays above & goes higher, for 30 minutes expiration

Risk: S&P Futures might retest resistance @ 1887 & drop further first
Trading will be high risk today after NFP

Results:
Sell S&P Futures @ 1887- win
Buy S&P Futures @ 1887- invalid

Resistance @ 1887 remains as S&P Futures dropped back below 1887 & slightly above it to retest it & finally dropped further below
Avoid buying as resistance did not turn into support when it couldn't go even higher but dropped back below


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