1640 was key support for S&P 500 yesterday
Economic data barely met expectations
Everyone is still concerned about QE tapering
We expected the stock market to slowdown before the important FOMC statement today
But it seems investors were quite confident ahead of it, as S&P 500 jumped from 1641 to 1651
Market sentiment was positive
However, it's still quite risky to buy just before a huge announcement as there's still a risk for more sell-off when traders brace for impact
Therefore we waited for a drop but it didn't happen, so we did not take the risk to buy yesterday
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