(Double your trade amount)
Sell S&P 500 below 1640 for end of day expiration (4pm EDT)
Result: Won
S&P 500 closed at a low of 1628.93
It stayed around 1650 until the Fed's statement
We expected it to rise above 1650 after the Fed's statement that they won't start QE tapering
However, we did not jump in too early & waited for the press conference to end
At the Fed press conference, Bernanke said the Fed might start QE tapering this year & is on course to end QE in 2014, sending stocks down
We do not think it's bad news as the economy must be strong enough when they start QE tapering
But after we confirmed that it stood no chance of recovering today, we issued the double sell signal & won a profit of 75%*2 easily
If you can't beat the market, join them, albeit temporarily (even if you think they're wrong)
Bernanke says the Fed is on course to end QE in 2014
- See more at: http://freebinaryoptionstradingsignals.blogspot.com/#sthash.Yf4M4XmG.dpuf
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