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.

TLT Hits Strong Support (by Springheel jack)

By -

I've been leaning bearish for a couple of days now, and we haven't seen a significant retracement yet, but SPX hasn't bulled upwards either. On the SPX daily chart SPX is dropping away from the (still rising) upper bollinger band. If we see a retracement into the middle bollinger band then that is at 1373 today, and 1380 or below would count as a hit:

(more…)