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.

Possible Lower Band Ride Begins

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SPX tested the daily lower band on Friday and almost hit wedge support. That near miss has implications as I would generally expect after a near miss like this then the rising wedge support level should break on the next hit, and if that happens then the path to the full triangle target at 2072 opens up. The other thing to note if wedge support breaks today is that we could be starting a daily lower band ride down, and as long as that lasted we would be looking for an AM high followed by more downside. SPX daily chart:

150608 SPX Daily Rising Wedge BBs MAs

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Great Moments in Robo-News

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I found this amusing, and it certainly isn’t the first time I’ve seen it: Google News puts its front page together via algorithm, as opposed to human editors. This can produce some, umm, misleading presentations, such as the top-of-page front page article below, in which the face of the smiling, youthful writer of the article is adjacent to an alarming headline about a dangerous escapee from prison.

0606-murdere