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.

Wild Card GDP Number (by Springheel Jack)

By -

The retracement low yesterday ticked most of my boxes. On the ES 60min the M top target at 1383 was tested, but 1388 support held on an hourly close basis. On the SPX daily chart we then saw the close above the middle bollinger band at 1394 that I was looking for. The upside target on the SPX daily chart is the upper bollinger band at 1437 (still declining slightly), with some potential resistance on the way in the 1422/3 area at the March/April highs and the 50 DMA: