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.
Gapping Up Into 2015
That was an impressive decline on Wednesday, and that was a match to the bearish long term stats for the last trading day of the year. The stats today are neutral to very slightly bearish, though it has been a decent performer in recent years, and the gap up today is a promising start for bulls if it can be sustained.
Short term a falling channel was established at the lows on Wednesday and if that holds, then the next obvious move would be a retracement to channel resistance in the 2075-80 area. SPX 5min chart: