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.
SPX continued the slow low volume grind up into the end of the week. ES has so far ground up a little further overnight. SPX came within 4 points of testing the April high on Friday and I think there's a very good chance that that will be exceeded and the 1440 area SPX pivot will be tested. I was talking about the technical significance of that test in my weekend post at MarketShadows which you can see here. In the meantime I have short term trendline support in the 1405 and 1398 areas, and on a break below those the daily middle bollinger band is now at 1386: