Sell S&P 500 @ 1834- 2 wins

Sell S&P 500 @ 1834 if it stays below & drops further, for 30 minutes expiration

Results: Sell S&P 500 @ 1834- 2 wins
S&P 500 dropped further to expire @ 1829.93 at 12pm EST
S&P 500 also dropped below 1834 again at the end of the day to expire @ 1831.37 at 4pm EST

Sell S&P 500 @ 1836- 2 wins

Sell S&P 500 @ 1836 or lower if it stays below & drops further, for 30 minutes expiration

Result: Sell S&P 500 @ 1836- 2 wins
S&P 500's 1836 broken below before 11am EST, signaling a further drop later
Further drop confirmed after it failed to stay above 1836 again
S&P 500 dropped & expired @ 1831.91 at 11:30am EST
S&P 500 also failed to stay above 1836 later again near end of the day & dropped to expire @ 1831.37 at 4pm EST

Buy S&P Futures @ 1832- invalid, Buy S&P 500 @ 1836- 1 win, 1 loss

Previous Analysis & Signals to watch:
S&P Futures dropped to its lowest point today @ 1820.65 but might be oversold as it rebounded strongly
Possible support @ 1820, 2nd weaker support @ 1823 although already broken, no solid support found
Highest point @ 1832 before market opens, tried to stay above 1830 but failed & dropped further
S&P Futures built small support @ 1828.45 & jumped back up to 1832 after market opened, showing that it wants to go higher today
But it's staying below 1832 & building resistance for now
Buy S&P Futures @ 1832 if it breaks above & goes higher, for less than 30 minutes expiration
Risk: It might fail to stay above

S&P Futures testing 1830 (S&P 500 @ 1836) & 1832
Buy S&P 500 @ 1836 if it stays above & goes higher, for 30 minutes expiration

Update:
S&P Futures failed to stay above 1832, wait for it to stay above 1830 or 1832 & go higher before buying
1830 (S&P 500 @ 1836) support also at risk, not safe to trade for now, unless it reverses current downtrend, stays above & goes higher

Results:
Buy S&P Futures @ 1832- invalid
S&P Futures broke above but failed to stay above 1832, signal became invalid

Buy S&P 500 @ 1836- 1 win, 1 loss
Signal updated as not safe to trade, too much resistance
Trade at higher risk as S&P 500 expired @ 1836.51 at 10:30am EST, which is barely a win
S&P 500 then expired @ 1836.06 at 11am EST, which is barely above 1836 but slightly lower than previous low, resulting in a loss
S&P 500's 1836 is also broken below before 11am EST, signaling a further drop later

Sell S&P 500 @ 1834

Sell S&P 500 @ 1834 if it stays below & drops further, for 30 minutes expiration

Sell S&P 500 @ 1836

Sell S&P 500 @ 1836 or lower if it stays below & drops further, for 30 minutes expiration

Not safe to trade for now

S&P Futures failed to stay above 1832, wait for it to stay above 1830 or 1832 & go higher before buying
1830 (S&P 500 @ 1836) support also at risk, not safe to trade for now, unless it reverses current downtrend, stays above & goes higher

Buy S&P Futures @ 1832, Buy S&P 500 @ 1836

S&P Futures dropped to its lowest point today @ 1820.65 but might be oversold as it rebounded strongly
Possible support @ 1820, 2nd weaker support @ 1823 although already broken, no solid support found
Highest point @ 1832 before market opens, tried to stay above 1830 but failed & dropped further
S&P Futures built small support @ 1828.45 & jumped back up to 1832 after market opened, showing that it wants to go higher today
But it's staying below 1832 & building resistance for now
Buy S&P Futures @ 1832 if it breaks above & goes higher, for less than 30 minutes expiration
Risk: It might fail to stay above

S&P Futures testing 1830 (S&P 500 @ 1836) & 1832
Buy S&P 500 @ 1836 if it stays above & goes higher, for 30 minutes expiration

US economic events 3 January 2014

All Day
Total Vehicle Sales

12:45pm
FOMC Member Plosser Speaks
1:15pm
FOMC Member Stein Speaks
2:30pm
Fed Chairman Bernanke Speaks

Buy S&P 500 @ 1836- win at higher risk

ISM Manufacturing PMI only slightly better than expected & worse than previous
S&P 500 new possible support @ 1836 although slightly broken

High risk:
Buy S&P 500 @ 1836 or S&P Futures @ 1830 if it stays above & goes higher, for 30 minutes expiration

Results: Buy S&P 500 @ 1836- win at higher risk
S&P 500 stayed above 1836 to expire @ 1837.37 at 11am EST but also dropped below later, stop trading when it did not met our condition to stay above 1836

Not quite safe to trade today as S&P 500 dropped from 1848.36 last closing price to 1831.98 today, which is too low yet still no strong supports found as all possible supports & even 1830 were broken

Buy S&P Futures @ 1836- win at higher risk

Previous signals to watch:
S&P Futures dropped to 1834.65 & rebounded @ 1835, broke above 1840 only for a few minutes but failed to stay above & dropped to rebound strongly @ 1836

Look to buy S&P Futures @ 1835 or 1836 (S&P 500 @ 1839 or 1840) if it stays above & goes higher
Look to sell S&P Futures @ 1840 (S&P 500 @ 1844) if it stays below & drops further, buy S&P Futures @ 1840 (S&P 500 @ 1844) if it stays above & goes higher
Look to sell S&P Futures @ 1845 (S&P 500 @ 1850) stronger resistance if it stays below & drops further

All for 30 minutes expiration or less

Update: Stock Futures weakened & dropped further after worse than expected Unemployment Claims, trading risk increased for buying as it's weak for now & might break below supports

Result: buy S&P Futures @ 1836- win at higher risk
S&P Futures weakened after worse than expected Unemployment Claims & couldn't go higher than 1838, therefore signals above 1838 are invalid as targets couldn't be reached
However, it still managed to barely stay above 1836 before the market opened
Although it's not really safe to trade, it's still possible to win before it breaks below
Trade at higher risk for S&P Futures to expire @ 1836.45 at 9:30am EST
(Time shown in chart is EST+13hours)
Stop trading when S&P Futures dropped straight below 1836 & even 1835 after market opened