Slope of Hope Blog Posts

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The Ides of March (by Springheel Jack)

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On this day an awfully long time ago a roman general turned dictator for life learned the importance of maintaining a decent personal security team in a tyranny. It hasn't tended to be a particularly eventful day since then though there are strong rumblings on USD and CL today which I'll be coming to later. 

SPX pushed up strongly yesterday and closed 6 points below the daily upper bollinger band. Historically this signals that the unusually short retracement from the upper bollinger band has ended. SPX is reaching 70 on RSI again so we are in an area where the next big high may start to form, but that could take a while and go quite a bit higher: