Here’s today’s swing-trading watch-list:
Long Celldex Therapeutics (CLDX)
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.
Target Trendlines
As I suggested in my post yesterday, a weak open snowballed into a bigger move down and my target rising wedge support trendline was almost touched at the low yesterday afternoon. That should be hit today or tomorrow though we might see a bounce first to establish a double bottom. I’m expecting wedge support to hold or to be broken only slightly, but if we see a conviction break then it’s well worth noting that there is a double top setup here that would target the 1851 area on a break below December’s low at 1972. SPX 60min chart:
