Held captive by the low volume holiday week, gold sector investors look as if they will get dunked again upon the US market open today. There are a few different potential scenarios in play with regard to the gold stocks, but gold itself has been pretty clear since the momentum-fueled 'channel buster up' last summer.
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.
Central Fund of Canada
Retracement Setup vs Holiday Apathy (by Springheel Jack)
ES broke the support trendline from the low at the close last night and if we're going to see a retracement then this is the place. I've not marked it in but the hourly 50 SMA was support last night and an hourly close below that should confirm a retracement here. That's currently at 1257.5. There's a currently promising double-top setup with the target in the 1244 area and a potential H&S neckline, and decent support, in the 1250 area: