SPX closed well below the middle bollinger band yesterday and ES has fallen further overnight. The SPX daily lower bollinger band is in the 1679 area, and that is some support, though it isn’t as strong as the resistance found at the upper band during uptrends. SPX daily chart: (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.
Support Breached
Well, GOOD morning, Slopers! And it finally is a GOOD morning, with the best big red bar we’ve seen in many weeks. It seems that fantasy (QE, the Fed, faux-taper-talk) has, for once, been beaten back by reality (sucktastic results from Cisco and WalMart). The best “tell” was that, for the first time since the Eisenhower administration, we finally got a sell-off to stick yesterday. (more…)
