Slope of Hope Blog Posts

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Testing Serious Support

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ES made a low at 1662.75 overnight, and I’m treating the targets on the ES chart I posted yesterday as hit. I have that as a good hit at rising support from November, and within three points of the daily lower bollinger band, so a technical hit of that. These are both decent support on the ES chart, though I could redraw that trendline for a hit in the 1658.50 area, so ES could go a bit lower without breaking support. ES daily chart: (more…)