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.

W Tops and M Bottoms (by Springheel Jack)

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What an amazing move up this has been. Over 150 points up from the lows on SPX without a meaningful pullback which is a very strong move indeed. Obviously there will need to be some meaningful pullback soon, but in the short term there's still some room for SPX to move up further. SPX and RUT are close to the upper bollinger band on the daily charts and NDX has already reached it. The SPX upper bollinger band is at 1232.37 today and that is an obvious target, close to the late August high at 1230.71: