Greece is saved! Again! Yay! And if you think this is a bullish formation, well hand me some blush and eyeliner and call me Caitlyn.
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.
Same SPX, Different Day
SPX pulled back towards support on Friday, but no technical damage was done. The close was at 2110, and support below is at:
2106 – 50 day MA
2104 – Daily middle band
2102.5 – 5 day MA
2102 – 50 hour MA
2101 50 day EMA
If this raft of support levels can be broken then SPX may well be on the way back down again. Until then this was just a retracement to test support. SPX daily chart: