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Thursday 26 September 2013

Buy S&P 500- won

Medium risk short term trade:
Buy S&P 500 @ 1700 if it breaks & stays above 1700, for less than 30 minutes expiration
Risk: Support @ 1700 is weak & can be broken anytime, only trade if it looks strong enough to at least hold for a while
Shorter expiration is preferred (5-30mins expiration)

Result: won
S&P 500 expired @ 1701.67 at 10am EDT

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