Slope of Hope Blog Posts

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Ho Hum (by Springheel Jack)

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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: