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.
Money Flow for May Week Four
Further to my my last weekly market update, here is a summary of where money flow ended for Week 4 of May 2012.
The Weekly charts below of YM, ES, NQ & TF show that they all closed a bit higher than the prior week on lower volumes. Price is hovering just above the lower Bollinger Band and the 50 sma (red). In the case of the NQ, price is still within its rising channel from the 2011 low. The YM and ES are trading just above longer-term trendline support, whereas the TF is just below price resistance.
