Breaking news: Financial data firm Markit said that US private sector activity rebounded in November after slowing in October, while new orders grew at their fastest pace since April 2012
Trend changed, S&P 500 broke above 1805 again (previous signal "Sell S&P 500 @ 1805" is invalid), possible to rebound & go higher on this news
Buy S&P 500 @ 1805 or 1806 (higher risk) if it stays above, for 30 minutes expiration
Result:
Buy S&P 500 @ 1805- 2 wins
S&P 500 rebounded @ 1805.11 & expired @ 1806.13 at 11:30am EST
It also rebounded again @ 1805.06 & expired @ 1805.47 at 1:30pm EST
It finally reached 1805.38 but dropped straight below 1805 after 3pm EST, which made it invalid to trade
The sharp drop was most probably due to profit taking at the end of the day & it signaled more volatility & possible profit taking this week
Trading risk increased for this week
Try to avoid trading near end of day as always to reduce your risk due to market volatility
No comments:
Post a Comment