S&P 500 broke above 1760 despite the last bad economic data, wait for it to drop back closer & rebound before buying for a higher chance to win
Result: invalid/ win at higher risk
We mentioned to wait for it to drop back & rebound, S&P 500 dropped back to 1760.04 at 10:54am EDT but failed to rebound, therefore invalid
It also hit 1760.00 at 11:44am, 1759.99 at 11:54am, possible but risky to buy @ 1760 & win for 12:30am expiration @ 1762.11, resistance @ 1765, dropped below 1760 again at 3:48pm & rebounded to close @ 1762.11
Conclusion: Support @ 1760 is weak yet the market wants to go higher, resistance @ 1765 but might be temporary because the market wants to go higher
Watch S&P 500 @ 1760 & 1765 tomorrow
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