Sell S&P 500 @ 1794 or slightly lower (above 1790) if it continues downtrend & stays below, for 30 minutes expiration
Buy S&P 500 @ 1790 if it rebounds & stays above, for 30 minutes expiration
Resistance @ 1794, possible support @ 1790
Results:
Buy S&P 500 @ 1790- invalid/ win at higher risk
Sell S&P 500 @ 1794- won
Although possible support @ 1790 was broken, which showed that it's not confirmed as a strong support, it would still be a short term win after it went back up above 1790 at 12pm EST & expired @ 1793.5 at 12:30pm EST
Resistance @ 1794 wasn't broken, it only reached 1793.63 at 12:26pm EST & dropped to expire @ 1790.60 at 1:00pm EST, which should be an easy win as support was weakened & resistance strengthened, showing that it's more likely to go down
S&P 500 also rebounded @ 1785 & tried to stay above 1790 near end of day but failed & dropped again from 1790
Watch S&P 500 @ 1790 for possible resistance if stocks continue to be weak (or support if stocks strengthen) tomorrow
Fed Chairman Bernanke's speech @ 7pm EST later today might affect the stock market too
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