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2020/06/25

I don't panic, and neither should you!

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P.S. I could easily charge hundreds of dollars for this jam-packed 71-page Guide. And my publisher is urging me to start doing that soon. But that's why I want you to have FREE instant access to it immediately. I urge you to click here now!

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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. Legacy makes no representations or warranties that any account will or is likely to achieve profits similar to those shown. No re presentation 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. The cost basis for some of the options in a portfolio may be reduced by rolling over profits at option expiration which is one of the Hughes Optioneering Trade Management Rules. Some income figures presented represent the total amount of option premium collected during the referenced period. Actual profits were less. Open trade profit results may have increased or decreased when the trades were closed out. Chuck Hughes' experiences are not typical. Chuck Hughes is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading pos ition, willingness to follow the rules and other factors.

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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 25507.27 +61.33 +0.24%
NASDAQ Composite 9918.18 +9.01 +0.09%
S&P 500 3053.20 +2.87 +0.10%
SPDR S&P 500 304.22 +0.13 +0.04%
iShares Russell 2000 ETF 138.68 +0.32 +0.24%
U.S. STOCK INDEXES

The September NASDAQ 100 was steady to slightly higher overnight. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Monday's low crossing at 9381.75 would confirm that a short-term top has been posted. If September extends the rally off March's low into uncharted territory, upside targets will be hard to project. First resistance is Tuesday's high crossing at 10204.50. Second resistance is unknown. First support is the 20-day moving average crossing at 9849.09. Second support is the June 15th low crossing at 9368.25.

The September S&P 500 gapped down and was lower overnight. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this week's decline the 50-day moving average crossing at 2960.86 is the next downside target. Closes above last-Tuesday's high crossing at 3148.50 would confirm that a short-term low has been posted. First resistance is last-Tuesday's high crossing at 3148.50. Second resistance is the 87% retracement level of the February-March-decline crossing at 3237.65. First support is the 50-day moving average crossing at 2960.86. Second support is the June 15th low crossing at 2925.70.



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