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Friday 9 August 2013

Stock Market Analysis

Not much news to help push stocks into a clear direction
S&P 500 might drop to 1690 & rebound or even go further below as it did twice earlier
And Friday is the most volatile day of the week
Although we could've profited by selling S&P 500 around 1700 & buying around 1690, resistance is not strong enough & support was weak as it was broken twice, therefore it's not really safe to trade today

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