By Licia Leslie
August 30, 2024
Hi Shoppers,
We had a little sell off yesterday trading down to support on my S&P 500 (TIcker: SPX) chart:
Watch the $5573 level and from there Wednesday’s low at $5561.
If those support levels break we will trade back down to $5500.
If support holds and they love it, we will need to clear those most recent highs at $5561 before rallying up to $5695.
It is the Friday before a long weekend, so we may not see much action at all.
Trade Review
Portillo’s (TIcker: PTLO) broke out but then retreated back. Use a stop loss of a close below $11.50.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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