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.

Time To Take The Cheese

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SPX made a break with impressive conviction back over the daily middle band yesterday, so the retest scenario I first started talking about a month or so ago, before the current high, should be on. I was talking about what I expect for the summer in more detail in my post on 26th May and you can see that here to refresh your memory. Nothing material has changed in my view from when I wrote that post.

That being the case I am now looking for a retest of the high, ideally today, and if that test is today I have an ideal target zone for the likely 2015 high in the 2132-42 range. I have explained the merits of the three targets within this range on the chart below. SPX daily chart:

150619 SPX Daily Rising Wedge and Channel BBs MAs