Slope of Hope Blog Posts

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Testing The Last Low (by Springheel Jack)

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I posted a possible broadening ascending wedge just after the high on ES last Friday, and ES reached support trendline yesterday, bounced there and then broke down. The target is a test of the late September low at 1424. The odds of making the target are only 57% but given that this wedge incline is so shallow I'd be inclined to put the odds here rather higher. Overnight the action looks like a bear flag: