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.
Bullish Options (by Springheel Jack)
Well we got the test of the last SPX low that I've been looking for, but we haven't seen that low broken yet, and the RSI setup on the 15min and 60min charts looks promising for a bounce so we'll see. On the daily chart SPX found some support at the 50DMA and closed above the 1335 IHS neckline again. That neckline has now been tested so many times that I'm inclined to write the IHS off altogether, but at the least it is obviously a very strong support level. If we see more downside the lower bollinger band and the 200DMA are at 1320 and 1315 respectively:
