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Tuesday 15 April 2014

Signals & Analysis

S&P Futures yesterday's resistance @ 1827 then 1826 after market closed, dropped to 1822 & rebounded higher to break above resistance 1827
1822 turned into possible support, 2nd possible supports @ 1826-1827
Turning point @ 1830, which will be tested after 8:30am EDT

Buy S&P 500 @ 1830 or higher if it stays above & goes higher, for 30 minutes expiration
Buy S&P Futures @ 1822 or higher if it stays above & goes higher, for 30 minutes expiration
Sell S&P Futures @ 1826 if it stays below & drops further, for 30 minutes expiration

High risk:
Look to buy S&P Futures @ 1830 if it stays above & goes higher, for 30 minutes expiration
Sell S&P Futures @ 1830 if it stays below & drops further, for 30 minutes expiration

Trading will be high risk today as there are a lot of important economic events that will affect the market which is already unstable

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