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Wednesday 30 October 2013

Buy S&P 500 @ 1760- won

Medium risk trade:
Buy S&P 500 @ 1760 if it stays above, for 30 minutes expiration
Rebounding @ 1757.31
Risk: S&P 500 dropped from 1770 after FOMC statement & might drop more if it fails to stay above

Result: won
S&P 500 never went below 1760, expired @ 1762.81 at 3:00pm EDT , 1763.87 at 3:30pm EDT & closed slightly lower @ 1763.31
1st confirmation @ 1760.14, 2nd @ 1760.32 & it went up higher as we expected



Supports & resistances to watch tomorrow:
Support @ 1760, smaller support @ 1762
Mostly smaller resistances @ 1766, 1770, 1773, 1774, 1775 based on today's market, most important level would be 1770
Watch S&P 500 @ 1770 important key level for support/ resistance

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