Slope of Hope Blog Posts

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After the Feasts

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Just a quick post this morning, as I still have guests requiring attention and I’m unlikely to do much actual work today.

SPX had a weak day on Friday but still closed the day within 2 handles and change of the daily upper bollinger band, so it was nonetheless another day riding the band up. I am expecting a retracement soon to establish the main support trendline for the move to my 1965 target, but there’s no strong evidence yet that retracement is starting. SPX daily chart: (more…)