Slope of Hope Blog Posts

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Too Many Triangles Lately

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Very late post today as I was out much of the morning and I’ve had a busy open.

SPX failed just under triangle resistance yesterday and I have open 5min & 15min sell signals here. I’m looking for SPX to most likely test the globex low in the 2083-7 area before another test of triangle resistance. If Monday’s low at 2072.37 is broken, that would open up a test of triangle support in the 2055 area. SPX 15min chart:

150422 SPX 15min Triangle and Signals