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Thursday 29 August 2013

Buy S&P 500 @ 1640

Medium risk trade:
Buy S&P 500 around 1640 for end of day expiration
S&P 500 broke above 1640 & should become new support,  resistance @ 1646 but stocks might go higher today
Risk: Fear overcomes traders & they decide to take profit, S&P 500 might drop from 1646 & even break below support @ 1640

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