Slope of Hope Blog Posts

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Little Ado About Even Less

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Remarkably SPX/ES is still in the same inflection point it was yesterday afternoon. I had expected to see some resolution either up or down on ES overnight but no, so both targets are still in play at either the strong support zone at 2368-72 SPX with rising wedge support, the ES weekly pivot, the 50 hour MA and the daily middle band, or a retest of the rally high at 2390. I’m expecting to see one of those targets hit today and and am leaning bearish, though without any great conviction. SPX 60min chart:

170317 SPX 60min