Slope of Hope Blog Posts

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Currency Wars (by Springheel Jack)

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SPX rose to hit the daily upper bollinger band again yesterday. That is significant resistance, so the chances are that any further moves up this week will be incremental, delivering two to four points of increase in a day. The negative divergence on the daily RSI has a little more room here, but will most likely be killed off as a signal if SPX should reach the 1540 area:

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