Slope of Hope Blog Posts

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Flagging (by Springheel Jack)

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Equities broke support into a very sharp decline on Friday. Overnight there has been a limited bounce into 1430, but the overall look is of a bear flag. There is an important support / resistance level at 1432 and a bounce over that would start to look more impressive. It's worth noting here that ES has been making lower highs and lows since the early September high, and if that is to continue here then the move should finish below the last low at 1416.5 ES: