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.

Food for Thought (by Springheel Jack)

By -

Waiting for the retracement within the rising channel on SPX has been a bore. The strong resistance trendline has been holding well and it seemed just a matter of time until we saw at least some retracement. However SPX broke above rising channel resistance yesterday and while it may fall back inside today, that opens up potentially considerably more upside before a retracement: