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NIKKEI 225 VS TOSHIBA 93.686 02:30 23.02
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US markets pushed lower yesterday, testing critical support levels along the way. This is very worrisome for stock traders who have relied on the uptrend in stocks to enjoy massive profits of late. But there’s no reason to worry at the moment especially with stock indices like the S&P. After all, the index is a very well behaved technical trading index. To understand what this means, simply open a daily chart of the index and notice that each and every break above key resistances, like the recent break above 1800, was met with no pull back. What we mean is that if a binary options trader used a break strategy to open an end of day trade for the S&P, it would be a profiting trade each and every time.

S&P with binary options 11-11-2013

Well, that’s not exactly correct. We’ve had 68 breaks in the last 1.25 years we’ve been following the S&P with a simple break strategy for use with end of day options. Of these 68 breaks, only 4 proved to be false breaks. This is why constantly fall back on the S&P.There are thousands of posts online about the EUR/USD or gold or oil. But very few dedicate themselves to the S&P and this is why we focus there. You can get your information anywhere and if you come here, it’s to benefit from a lower risk trade that proves itself time and again.

Looking at the day ahead, the binary options traders able to take advantage will be those who are around for the US session. We are still very bullish on the S&P index. However, the behavior of the price action is such that the 1800 support is very likely to at least be tested today. Reversal strategies will then come into play for binary options traders. While this strategy can be very profitable, especially when countering the current trend, it requires a very high level of vigilance. Binary options traders need to take care to keep a close eye on momentum indicators and know when to switch gears as the market shifts to either an uptrend or breaks below 1800 completely.

A break of course will warrant a larger trader with end of day expiries. Binary traders can thus focus on small short term trades with reversal strategies until the break occurs. Just make sure not to be smarter than the market and try to anticipate a move. There’s no need. Just go with the ebb and flow of the price action so long as the tests occur.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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