Here’s the day’s swing-trading watch-list:
Long Radian Group (RDN)
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.
Support Held, Testing Resistance
The bears had their chance yesterday. SPX retested the middle band and there was a knife fight there that lasted all afternoon, with SPX closing within ticks of the middle band. As SPX was testing it from above, that was a victory for the bulls, with key support holding there at the close. These retests can provide some great entries with superb risk/reward entries. I called this one in the Princeton Trader trading room at the low yesterday. Worth catching these when we get them. SPX daily chart:
