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.

All That Glitters Is Not Gold

By -

SPX and other indices finally broke away from the daily lower bollinger band yesterday, ending the ten day lower band ride downwards. My view here, though I could be mistaken, is that this is a counter-trend rally that will be followed by another move down to a lower low somewhere in the range between a test of the SPX 200 day MA, currently at 1710, and rising support from the 1074 low, currently in the 1650 area. My rally thesis would be weakened by a sustained move above the daily middle bollinger band, which closed yesterday at 1806. (more…)

Do NOT follow this link or you will be banned from the site!