Slope of Hope Blog Posts

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Patterns at War (by Springheel Jack)

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I've been noting the H&S forming on ES / SPX for a couple of days but I was surprised to see it break down yesterday. That throws the double-bottom into doubt on much more downside. Short term I have a possible falling wedge on SPX and a break above 1396 would look bullish. The H&S target is in the 1373 SPX area and if SPX gets below 1384 today then that may well be hit:

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