Slope of Hope Blog Posts

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Testing The Weekly Middle Band Again

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I was saying in my last post before the open on Tuesday that if SPX kept testing the daily middle band as resistance every day then another attempt to break back above it was likely and we saw a modest close back over the daily middle band at the close on Tuesday. That followed through to the upside yesterday and yesterday’s close was a confirming close back over the daily middle band, now in the 4506 area, and a test of main resistance at the weekly middle band, now in the 4583 area.

SPX daily BBs chart: