Slope of Hope Blog Posts

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Looking For A Backtest

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I was looking at resistance at the weekly middle band in my post on Tuesday, and SPX has broken up through that convincingly, though SPX still needs to close the week significantly above the weekly middle band, currently at 4531 to fix that resistance break. If seen SPX will then need to close next week above the break to confirm it.

I was also saying that a break on SPX over the H&S right shoulder high at 4595.31 would fail the H&S and fix a target at a retest of the all time high at 4818.62, and that has now definitely broken, so that is a very significant bullish break.