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Monday, 4 November 2013

Sell S&P 500 @ 1765- invalid/ win at higher risk

Sell S&P 500 @ 1765 or 1768 (stronger resistance) if it stays below, for 30 minutes expiration
Factory Orders were worse than expected for both months, stocks are falling

Result: invalid/ win at higher risk
S&P 500 expired @ 1762.48 at 11am EST (EDT -1 hour)
S&P 500 broke above 1765 but failed to stay above & dropped sharply
S&P 500 also closed @ 1767.93, just below 1768 stronger resistance but looks like it's about to break above
Watch S&P 500 @ 1768 tomorrow

The market continues to break supports & resistances, trading will continue to be at a higher risk



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