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Thursday 22 August 2013

Buy S&P Futures around 1642-1645

High risk short term trade:
Buy S&P Futures around 1642-1645 if it rebounds above 1644.4 or if it drops to 1642 & rebound, for 30 minutes expiration
Unemployment claims worse than expected, traders will buy because it reduces the chances of Fed tapering soon
S&P Futures also broke above 1644.4, temporary resistance
Risk: We are trading the news, market can be volatile, but it should go up

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