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.
Direction was hard to call yesterday morning, and as it turned out, SPX went nowhere, though COMPQ, NDX and TRAN all managed solid gains on the day. The W bottom on SPX is now arguably an IHS and if we see a clear break over the neckline today, ideally with an opening gap over it which is not then filled today, then we should see at least a retest of the highs. SPX 60min chart: (more…)