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Wednesday 10 July 2013

Stock Market Analysis 10 July 2013

Stocks are looking to go down at the end of the day in anticipation of FOMC Meeting Minutes & Fed Chairman Bernanke's speech today
The much needed correction as stated yesterday might happen today
Even so, S&P 500 might still try to go up & break above 1660-1665, but if it fails, it'll drop a lot
S&P Futures formed resistance at 1647 & 1644, look to sell if it fails to break above resistance & drop

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