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.
Well, our “Jesus” pattern is still intact (and I suppose it would be appropriate to say: “thank God”) although it’s unnervingly close. If we fall from here, this will just seem a little too easy and predictable.
SPX had a strong day yesterday and came within two points of testing range resistance in the 2064.5 area. We should see today whether bulls can break over that strong resistance. If they can’t then support is at the daily middle band and 50 hour MA in the 2031 and 2026 areas respectively. SPX daily chart: