We planned on selling S&P 500 if it fails to break 1600 again
We predicted that it'll try to reach 1600 again & if it succeed, it might break above it
If it couldn't, it'll fall
It reached 1598 twice in the last hour before the market closed & almost reached 1600
So we decided not to take the risk as it was too late & market was too volatile
Trading volume was 1.5 billion, almost 3 times higher than the average daily volume (3 months)
Too risky to trade today, even though we were correct, it could've gone either way
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