Just to irk Torero – – an utterly pointless post, illustrating precisely what happens when Muppet voices go wrong.
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.
Retesting Broken Resistance
Yesterday went much as expected, with a first test of the daily middle band that failed. Overnight ES has retraced to test support, which on ES is in the 2098 (50 hour MA) to 2102.5 (50 DMA) range. If this area holds today then I would expect another attempt at the daily middle band with a break up, before a retest of the all time highs. If we instead see a hard break of support today then the picture gets a lot darker, and we might well break back down hard. SPX 60min chart:
More on the Big Picture Stock Market Cycle
By Biiwii
In the previous post Tom McClellan highlights Peter Eliades’ work on the cyclical top due in the S&P 500 this year. To add some color to it, here is the chart I produced for NFTRH subscribers several weeks ago after purchasing and reading an Eliades report myself. His work came to my attention by way of Robert Prechter.
