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THE KOG REPORT - Jackson Hole - Update

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End of week update from us here at KOG:

Earlier this week we released this report giving our thoughts and idea for the Jackson Hole Symposium. Even though it's been a difficult month on the markets and this week has especially been aggressive, we've managed to fine tune the levels with the red box indicator and pin point the movement together with the other tools we have.

The report suggested what to look for, and yesterday we said we wouldn't discount the undercut low, and wow....What a move! We got a pin point tap and bounce from the level and then a move upside exactly to where we wanted it. Now, as you can see we're facing reaction at the level but due to it being late session and Friday, we'll call it a week here.

A decent end to a frustrating week indeed!

We'll be back on Sunday with the KOG Report and our view for the week ahead.

As always, trade safe.

KOG

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