Slope of Hope Blog Posts

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DANGER: Alligator Crossing on the ES

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Further to my post of June 21 with respect to the SPX, I’d just mention that the three moving averages (each offset into the future) forming the Williams Alligator on its counterpart S&P 500 E-mini Futures Index (ES) have all crossed to the downside, as shown on the following daily chart.

As well, the Awesome Oscillator has just turned negative in Sunday’s overnight trading.

Both of these are signalling potential further weakness ahead.

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