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Saturday, 7 December 2013

Stock Market Analysis (Trading Signals to watch on Monday)

S&P 500 found resistance @ 1802 in the beginning, then dropped below 1800 to test its support's strength
It passed the test & rebounded back up to stay above 1800 for the rest of the day & even closed @ 1805
It also found new resistance @ 1806

Trading Signals to watch on Monday:
Look to buy S&P 500 @ 1800 or higher if it stays above & goes higher
Look to sell S&P 500 @ 1806 or 1810 (next possible & stronger resistance) if it stays below & drops more
All for 30 minutes expiration


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