Slope of Hope Blog Posts

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Testing Strong Resistance Here

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Apologies for the extended absence again as my interminable divorce drags on. That’s making progress though at least, and in a few months at most should be done.

In the meantime I posted my premarket video at from this morning on my twitter in the morning and on indices so far at least that has been exactly on target. If you missed that then you can see that here.

Just to recap quickly what I was saying on the video, I was expecting SPX and NDX to rally into retests of the strong resistance trendlines that have been holding so far this week on both. We have seen that retest on SPX and a daily RSI 5 sell signal is now brewing as expected. If that fixes then these have been good performers for delivering retracements this year.