US economic news were better than expected
S&P 500 closed at 1606 on Friday, opened at 1617 today & broke above 1620 to reach 1625 after 10am's US economic news
S&P 500 shot up to 1624 in 2mins after 10am, buying too high is too risky for us
We try not to make hasty decisions & we'll wait for it to find a strong support for today before trading
Potential supports are at 1620 or 1625 if it manages to stay above
1625 can also be resistance if it fails to stay above, so we're not buying for now
Wait for confirmation & strengthening of support levels before buying
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