Slope of Hope Blog Posts

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So Here We Are

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Yesterday played out as expected, with the intraday high as expected at 2085, at the retest of broken floor support and the daily middle band, and ES has made lower lows against Tuesday’s lows overnight. I’m looking lower again, though there are now possible double bottom setups on all of ES, NQ and TF, and on a break back over 2085 SPX the retracement low would likely be in.

On the 15min chart a decent falling channel was established at yesterday’s high, and channel support is currently in the 2050 area, though obviously that’s dropping fast. Short term support is at the 61.8% fib retracement of the rising wedge from the 2025 low at 2062. SPX 15min chart:

160615C SPX 15min

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