Slope of Hope Blog Posts

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Dividing Lines (by Springheel Jack)

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The retracement that I was talking about yesterday has been happening, but not quite as I expected, and while I'm still leaning bullish here, that might change today. On ES a little H&S has formed from the high and that has already broken down with a target at 1435. I said yesterday morning that my bull/bear line was support at 1444.5 and that's still true, but the likelihood that will be broken has increased considerably since then: