Slope of Hope Blog Posts

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Consolidation…. probably (by Springheel Jack)

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Obviously the pre-market high yesterday at 1280 ES held all day. ES and EURUSD were both looking short term overbought, and the hourly RSIs have now reset somewhat. I'm still wondering this morning about a possible retest of broken resistance at 1265 ES which I mentioned yesterday morning as a possibility. Much lower and I'd be wondering if we've seen a short term top yesterday morning: