Friday’s price action has allowed DIA and SPY to breakout out of the overhead resistance it was facing the last two weeks. With this breakout, the two indicies have clear shots at their all-time highs. SPY is pretty much within this resistance area any further upside and those highs are tested. DIA has a little more room but there is little resistance till those highs. As long as SPY stays above 208.18 and DIA stays above 179.75, the bulls hold the edge.
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.
Swing Trading Watch-List: DAR, JAH, EXPR, TSLA, CFX
Fear’s Long Slide to Extinction
Approaching Triangle Resistance
Another strong day on SPX on Friday, and the very obvious target at triangle resistance and the daily upper band in the 2112 area is getting close. SPX daily chart:
