Slope of Hope Blog Posts

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Devil’s Advocate (by Moneymiser21)

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With all respect to Al Pacino and Keanu Reeves, we traders find ourselves in a very interesting ‘Devil’s Advocate’ situation following Thursday’s CPI dump and pump.

A good ol’ bulls vs. bears mental match.

The bulls’ case received a few key boosts:

  1. Our dear bear leader’s 3500 SPX target being tagged, bagged, and bounced off of.

Note that that 3505.24 level on SPX marked a 50% retracement of the move up to a new all-time high from the COVID low.

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