Slope of Hope Blog Posts

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Simplicity (by Springheel Jack)

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SPX is still close to a test of the 2000 high at 1553. I'm not expecting this to hold long though we could see some retracement there. Meantime the current setup couldn't really be much simpler. On ES the 50 hour moving average is clear support and every small retracement since the break up over 1530 has bottomed there. Until this changes there's really nothing happening on the bear side here:

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