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Wednesday 7 August 2013

Stock Market Analysis

"6 August 2013 Free Binary Options Trading Signal:
Buy S&P 500 @ 1700 for 30 minutes & 4pm EDT end of day expiration if it rebounds & stays above 1700"

Result: S&P 500 did not stay above 1700 so there was no trade

"Fed's Evans said that they could taper later this year
Stocks might go down but not confirmed yet as it went up again"

A downtrend would be confirmed if it dropped & stay below 1696 but it didn't
It tried to go back up, even reaching 1698 but dropped back
Market was undecided & lingered between 1696-1698, no clear direction therefore not safe to trade


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