The Fed repeated that they're not tapering QE again
Try not to use 4pm EDT end of day expiration because the last time Fed did not taper, stocks went up but dropped at the end of the day as traders take profit
Result: won
S&P 500 expired @ 1662.29 at 3pm EDT
We waited for the market to fluctuate for 30 minutes to determine the market's real direction before issuing the signal
Support found @ 1658, 2nd possible support @ 1660
It also dropped again at the end of the day as we expected, following previous market behavior
Resistance @ 1662
But it's too risky to sell near end of day because of increased volatility
Not to mention 3 major positive news: Yellen's nomination, no QE tapering soon & possible short term increase in debt limit to avoid default
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