Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
This latest bounce has been weak so far, but I'm thinking there should be a bit more life in it yet. I just have two SPX charts today as I'm still on vacation until next Tuesday, and have been coming under a little domestic pressure to spend less time on the markets, but between them they pretty much say it all about where we are now. On the SPX daily chart we can see the main declining channel from the highs this year. That gives us our line in the sand resistance level in the 1200 area, as with a daily close above that the declining channel will be broken: