Trader Update:
Hedged *1378
Trade: sold the SPX 500 *1202 - Target Range: below *1096 - Stop: *1187 - Exit Trade
...the SPX 500 respected short term support *1187 and extended its bounce off the September 12 Low *1136 into the August 21 Congestion High *1208 - short term support moves up to *1194
...potential for more upside into the August 31 Congestion High *1230/current overhead resistance *1235 - however, the index traded into short term oversold with momentum moving ahead of price - potential for a corrective move to affirm the *1183/*1178 support range
...the current rally remains on track above *1180
Kind Regards
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