Slope of Hope Blog Posts

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Stocks Roll Out of Bed (by Varsity Investor)

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Do you guys remember that great E-Trade commercial from the era where the distraught trader jumps out his office window?  He was on the first floor of his house and landed comfortably.  I'm wondering if the market just did something similar.  I've sort of felt like Ferris Bueller's sister this week with talk of "The Triangle" everywhere I turned.  Yes, it resolved to the downside yesterday on a pickup in volume (some technically driven piling on was likely), but did it land on a thick, fluffy zone of support?

The following chart suggests that might be the case: