Slope of Hope Blog Posts

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Leaning Short (by Springheel Jack)

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SPX closed another day of riding top of the daily upper bollinger band on Friday. Moves like this can last a few days, and in another three days SPX could test the September high doing this without breaking the current rising channel. I'm expecting to see some retracement before that though, and when we do see some retracement the main target will be the daily middle bollinger band, currently in the 1430 area:

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