Top-Down Trading
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Wednesday, October 15, 2014
S&P 500 futures nearing unched for the year
1846.25 is where we closed on 12/31/2013 and is a decent level of support on the chart. Probably makes sense to cover shorts in here but wait to get long.
Sentiment has deteriorated enough
for us to get a bounce back to the 200 dma @ 1900.
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