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Thursday 17 October 2013

QE tapering might be delayed until next year

Breaking news:
Fed Evans: Most likely outcome is Fed takes 'a couple of meetings' to assess data before adjusting bond buys

This indicates that QE tapering might be delayed until next year
S&P 500 rebounded around 1726 after dropping from 1730
Although it's still possible to buy S&P 500 hoping that it'll target 1730 again, there's no safe supports to buy yet & might drop again if resistance is strong
Medium risk trade would be buying S&P 500 around 1726 for 30 minutes expiration but we prefer to trade using supports & resistances

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