SPX recovered to test the highs on Friday and closed six points below the weekly upper bollinger band at 1639. It’s very rare to see a significant break above the weekly upper bollinger band, and that can only rise at about ten points per week, so we are unlikely to see any powerful further drives up without some consolidation or retracement first. Any immediate weekly rises from this level will be incremental: (more…)
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.
May 13th, 2013 E-mini Prep Work
Coming into today the key levels are very similar to Friday.
Support 1621.50-1623.25, defined by: ONL 1621.50, VAL 1622.00, MCLVN 1622.00, Weekly PP 1623.00, Daily S1 1623.25
Midpoint 1626-1627.75, ONH 1627.75, Daily PP 1626.75, VAH 1627.00 and the VPOC from the last few sessions at 1626 (more…)
