Medium risk trade:
Buy S&P Futures @ 1755 for 30 minutes expiration ( for lower risk: if it stays above)
S&P Futures dropped from 1764, possible rebound @ 1755
Result: won
S&P Futures expired @ 1756.2303 at 14:30 GMT (9:30am EST)
Although it dropped below 1755 later, it also rebounded after economic data @ 10am EST, which shows that the current market trend continues to be dropping below supports then rebound higher, which is quite risky to trade because supports are weak & broken
We'll continue to trade less & more cautiously until supports & resistances are strong again
No comments:
Post a Comment