I did mention yesterday morning that Wednesday's trendline break didn't preclude a new high and obviously I was glad I did, even if that seemed a bit wishy-washy. I've watched that film before, though I was surprised to see a new high made so fast yesterday. That leaves us pretty much where we were on Wednesday morning, with the trendline break in the meantime as a significant sign of weakness. Trendline resistance is now in the 1365 SPX area:
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.