Saturday, October 15, 2011

S&P 500 Has Raced Higher In October

Since October 5th 2011 the stock market has gone bonkers to the upside. Which means for binary option traders, playing the hourly has been excellent win IF you have been playing the long touch side.

On October 5th the SPX moved 1% from 10:30 to close.
On October 6th it moved 2% from morning to close
On October 7th only if you caught the bottom at 1pm eastern time would you have made a your 85% binary options win.

October 10th was a big day.

Had you decided to play the daily binary option at the close on the 7th you would have woken up with a 85% gain in the bag as the market gapped way over your touch line.

October 11th was a range day and a trader had to anticipate one of these was coming.

October 12th had a big gap up. Hourlies made money.

October 13th was the worst of the month so far with a big gap down that rallied halfway back at the close.

October 14th was a huge day to the upside and had you played the daily at the close on the 13th you woke up with gains and if you played the hourly you would have had wins all day as the market marched higher.

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