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Friday 7 March 2014

Stock Market Analysis

Chart shows to sell S&P 500 @ 1880 since yesterday, but economic data is causing the market to move abnormally
NFP is better than expected but Unemployment rate is worse than expected

S&P 500 first broke above 1880 to open at 1883 but dropped below 1880 to 1876 & up above 1880 again
Key level is now at 1880, which can become support or resistance
There's currently a lot of resistance around S&P Futures' 1880 but it's still trying to break above

High risk:
Buy S&P Futures @ 1880 if it stays above & goes higher
Sell S&P Futures @ 1880 if it stays below & drops further

Buy S&P 500 @ 1876 if it stays above & goes higher again
S&P 500 rebounded @ 1876 yesterday & today
All for 30 minutes expiration

Trading risk increased today, trade less or avoid trading today to reduce your risk

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