Slope of Hope Blog Posts

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Probably A Dip To Buy

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Bears had a pleasant break from the uptrend yesterday, pulling back to close on the low just above support at the 50 DMA (2107) and the daily middle band (2104). On the bigger pictures the bears haven’t accomplished anything yet, and to take back control of the market they need a closing basis break below the daily middle band. Until we see that this is likely to be just be another buyable dip. SPX daily chart:

150625 SPX Daily Patterns BBs MAs

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