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Market Recap for Friday October 29th
By Dave Johnston   
November 01, 2010

Last Friday was a quiet day in the S&P market with a range of only 7 points. We placed support around the 1174 area, but the market never even approached it on Friday. We expect further consolidation in the market leading up to the elections on Tuesday as well as the FOMC report that comes out on Wednesday. Be sure to look at our video post to hear our full recap of the S&P market.



For more updates from Dave, visit the eMiniDayTrader blog at eMiniDayTrader.com

This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.

 

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Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.