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.
Yesterday I sent out the following tweets:
- GM all. All the witches are here and all kinds of black magic will be deployed today. I would rather watch the action.
- And see if any blow off top is coming. Dips are routine in morning followed by rips in afternoon. SPX 1410 is almost guaranteed. Almost!
- SPY dividend today. SPY may be in red even when SPX is up. Blame triple witching!
- NZD/JPY now has a better correlation with SPX than AUD/USD.
Further to my last weekly market update, here is a summary of where money flow ended for Week 3 of March, 2012.
The Weekly charts below of YM, ES, NQ & TF show that they all made a higher close than the prior week. The uptrending channel is still holding as support and direction for the Weekly timeframe. Secondary support levels lie at the middle Bollinger Band (12386 for YM, 1291 for ES, 2419 for NQ, and 768 for TF…note the bullish crossover of the mid-BB with the 50sma on TF this week…now the mid-BB is above the 50sma on all 4 e-mini futures indices).