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Saturday, 7 December 2013

Market pattern to watch- invalid

Market pattern to watch:
If S&P 500 stays around 1800 for a period of time, then starts dropping below after that, it might drop even further, sell S&P 500 for 30 minutes expiration or more

(S&P 500 stayed around 1800 from 10-11am EST on Tuesday & Wednesday then dropped sharply after that)
Risk: Market patterns can change anytime

Result: invalid
S&P 500 dropped even before 11am EST but failed to drop further, then rebounded & went higher instead after 11am EST, therefore pattern was broken & invalid as the market was stronger today



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