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.

Inflection Point Here

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I’ve been saying since the SPX broadening ascending wedge from the November low broke that we were unlikely to see a break back above broken wedge support before the retracement low was in. Broken wedge support was tested at the high yesterday and obviously hasn’t broken as yet. Here’s the chart I posted on twitter just after that high showing the declining channel that was also established at that test. SPX 60min chart (intraday yesterday): (more…)