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2020/06/04

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Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Universal makes no representations or warranties that any account will or is likely to achieve profits similar to those shown. N o representation is being made that you will achieve profits or the same results as any person providing a testimonial. No representation is being made that any person providing a testimonial is likely to continue to experience profitable trading after the date on which the testimonial was provided, and in fact the person providing the testimonial may have subsequently experienced losses. Wendy Kirkland's experiences are not typical. Wendy Kirkland is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading position, willingness to follow the rules and other factors.

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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 26357.25 +87.36 +0.39%
NASDAQ Composite 9712.74 +29.83 +0.38%
S&P 500 3127.86 +4.99 +0.19%
SPDR S&P 500 312.88 +0.70 +0.27%
iShares Russell 2000 ETF 144.9799 +0.1799 +0.16%
U.S. STOCK INDEXES

The June NASDAQ 100 was lower in overnight trading after recent gains pushed the Nasdaq Composite to within 2% of its all-time high as traders are optimistic about the restart to the U.S. and world economies following coronavirus closures. Investors will be watching weekly U.S. jobless claims to determine whether the worst of the impact of the virus outbreak is over. Investors are also waiting on a policy decision from the European Central Bank later in the morning that could influence trading in U.S. assets. The low-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, February's high crossing at 9780.50 is the next upside target. Closes below the 20-day moving average crossing at 9363.38 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 9728.25. Second resistance is February's high crossing at 9780.50. First support is the 20-day moving average crossing at 9363.38. Second support is the May 27th low crossing at 9172.50.

The June S&P 500 was lower overnight as it consolidates some of the rally off March's low. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 87% retracement level of the February-March-decline crossing at 3257.79 is the next upside target. Closes below the 20-day moving average crossing at 2964.36 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 3125.50. Second resistance is the 87% retracement level of the February-March-decline crossing at 3257.79. First support is the 20-day moving average crossing at 2964.36. Second support is the 50-day moving average crossing at 2825.10.





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U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results

These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

All trades, patterns, charts, systems, etc., discussed in this message and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or INO.com. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the methodology or system will generate profits or ensure freedom from losses. The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual's success depends on his or her background, dedication, desire, and motivation.

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