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One week ago we have outlined two possible scenarios, after the positive WEEKLY Close:
1) start of a new WEEKLY leg up
2) small bounce before another WEEKLY leg down
Looking at last week’s Close, it seems scenario 1) came true. The ESM15 WEEKLY chart below shows it quite clearly: a big green candle rocketing up >50 points from the latest lows/support area in the ~2040s.
Just a quick end-of-weekend post to state that Slope of Hope is now available as a free app in the iTunes store! If you’ve got an iPhone or an iPad, feel free to download it and enjoy Slope on-the-go. You’ll laugh. You’ll cry. You’ll hurl.
The short charts continue – – here are five more charts, all of them current shorts in my portfolio. I’m publishing an additional five for Slope Plus as well.
I’ll forego the videos this weekend and just share images. It’s the same story – – these are current short positions that are among my very favorites. I’ll let the charts, and the symbols, speak for themselves (with more coming on Sunday):
