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Wednesday 21 August 2013

After FOMC Meeting Minutes

FOMC Meeting Minutes was less dovish, still no clear sign of tapering, stocks should go up
Stocks seem to be stable now & trend direction is clear
But there's still the risk of traders selling & taking profit at the end of the day, making stocks drop
It's still possible for S&P 500 to rebound around 1650 & go up higher if it drops but it doesn't look quite safe yet, watch & see for now

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