Result: invalid
S&P 500 broke the downtrend by breaking above 1744 & 1745 to reach 1746
Chance to buy was if it failed & stayed below 1744
By using "if it stays above/below our target price" conditions, we can avoid unnecessary losses even if we're wrong when the market suddenly changes
Sell Netflix @ 330 (2nd possible resistance) or 333 (stronger resistance) if it stays below, for 30 minutes expiration
Result: won
Netflix expired @ 329.214 at 12:00am EDT
Although it slightly broke above at 330.11, which signaled a higher risk, it kept staying below 330 & only slightly breaking above 330 again just after we won
Netflix almost stayed below 330 for the rest of the day but reached 330 & stayed flat at the end of the day
After-market trading shows 330.00 at 5:17pm EDT, watch 330.00 key level tomorrow as it's very possible for it to become a strong support/resistance, higher probability for support as resistance might be reduced
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