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Tuesday, 15 October 2013

Sell S&P 500 @ 1706- won

Previous signal:
Sell S&P 500 @ 1706 if it stays below, for less than 30 minutes expiration
Breaking news: Rep. Ryan says budget provision in Senate plan not enough
S&P 500 possible support @ 1706 broken & is likely to continue to 1700

Risk: S&P 500 might rebound @ 1700, choose a shorter expiration time before the trend change

Result: won   *1-5 minutes expiration
(We specifically mentioned to choose a shorter expiration instead of our standard 30 minutes interval expiration, 5 minutes expiration would be preferred)
S&P 500 dropped to 1701.03 at 9:44am EDT, 5 minutes after we issued the signal at 9:39am
Trend changed quickly after it reached around 1700 & it rebounded back up as we suspected


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