Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Impulsive Move Confirmed

By -

One thing I was looking for this week was follow-through on SPX to confirm the very bullish break over strong trendline resistance last Friday. Obviously we have been watching that follow-through and confirmation, and this means that we are definitely watching another impulsive move up. Last month’s topping process was just consolidation and the next topping process opportunity will begin when SPX breaks rising trendline support from the November low. There is no strong reason to think that will happen soon. (more…)