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.
Too Many Triangles Lately
SPX broke back over the 5 day MA yesterday with a lot of conviction and that puts SPX back on the 5DMA three day rule. That rule is a very reliable stat that if SPX should close back below the 5DMA either today of tomorrow, then the 1911 low would be retested and most likely broken shortly afterwards. The 5DMA closed at 1941 yesterday so it’s some way below, but in a market this fast that’s only a bad day away. SPX daily 5DMA chart:
Harry Boxer’s Charts of the Day
Originally published on TheTechTrader.com.
