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Quick Trade: S&P Scalp Level Revealed

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The markets are tanking early in the morning. This is stemming from fears over Syria and the comments made by Secretary of State John Kerry. Intervention will occur and oil prices are spiking. With the S&P Futures dropping sharply, the play is at the double bottom from August 21st, 2013 at 1631.50. If you do not trade the S&P Futures then the SPY level is $163.90.



Cheers to a great trading day. A generally quiet holiday week has turned out to be a monster with great opportunities everywhere. 

Gareth Soloway

InTheMoneyStocks



The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets Trading Ideas

 

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