Slope of Hope Blog Posts

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Panic Low Retest Coming

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It has been a choppy few weeks, but on the weekly chart the whole period has been part of a weekly lower band ride that is now starting week 8. The weekly lower band closed last week at 1918 and SPX looks likely to open close to it. The weekly 3SD lower band closed last week at 1849 and Stan and I are thinking we could see that level tested and possibly lower this week. SPX weekly chart:

150928 SPX Weekly Lower Band Ride