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.

Euro Reverses Up (by Springheel Jack)

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I was leaning bearish for the last three days last week, and while SPX didn't go up, it didn't go down either. On Friday morning there was a very promising break down through a decent short term trendline that had developed. That was quickly reversed, and overnight that recovered trendline has held as support. A rough triangle has formed over the last few days and we may well now see a break up through triangle resistance. If that holds then trendline resistance is in the 1413-5 area and we may well see that tested. Triangle support is in the 1397 area:

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