If this breakout means what I think it means, our dear friend Ben Bernanke, whom I shall curse through gritted teeth on my deathbed, is in serious trouble. It couldn’t happen to a nicer guy.
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.
One More Heave
SPX broke up from the rising support trendline from 1343 yesterday and the next targets are the middle bollinger band, currently at 1661, and the 50 DMA, currently at 1663. I think this move is most likely a counter-trend rally and I don’t think that the rally high is in yet. SPX daily chart: (more…)
