Slope of Hope Blog Posts

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Ho Hum

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My apologies for the late post today. I’m a bit sleep deprived and today feels like I am wading through treacle getting anything done. I’ll be getting an early night tonight.

So where is the topping process now? Well the 50 hour MA on SPX held as resistance yesterday, but is being tested again today on the very doveish Yellen speech. If there is a sustained break above then I’ll be looking for a retest of the current rally high at 2056.60. On another fail at the 50 hour MA I’d be looking at a possible test of the possible H&S neckline in the 2005 area. SPX 60min chart:

160329 SPX 60min Rising Wedge Broken

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