Hedged *1378
Trade: sold the SPX 500 *1194 - Target Range: below *1096 - Stop: *1168
...the SPX 500 remains heavily oversold on the weekly indicator 1yr_2yr - quite oversold on the 5yr - as a result:
Trade: sold the SPX 500 *1194 - Target Range: below *1096 - Stop: *1168 - Exit Trade: *1133
...the market still unable to close the index below *1136 in the weekly - the market extended the oversold corrective drive from the September 22 Low *1108 and pushed into the September 22 Congestion High *1158 as expected
..failing the September 22 Congestion High *1158 signals high risk for more downside with the August 27 2010 High *1066 as target - however, above the September 6 Low *1136 support, the market will continue to push into the June Low *1258
Kind Regards
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