Slope of Hope Blog Posts

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Resistible Force Approaches Moving Objects

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ES made a new all time high overnight, and SPX is getting close to testing the very strong resistance zone above. That has moved up a bit since I was looking at that a few days ago, and on the weekly chart that is now in the 2022-8 zone, with the weekly upper band in the 2022/3 area and rising wedge resistance from the 1343 low now in the 2026-8 area. SPX weekly chart:

140902 SPX Weekly Patterns BBs MAs

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