Slope of Hope Blog Posts

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Decision Time – Leaning Short

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The big delivery days for subscriber charts at theartofchart.net are Sunday and Wednesday, and on Wednesdays particularly I have been working very late producing them all. As I’m therefore somewhat sleep deprived on Thursday, I suspect that my Thursday morning posts are regularly going to be using a couple of charts drawn from the three or four dozen annotated charts that I produce on Wednesdays.

Yesterday looked superficially good for bulls. but under the surface things were going less well, with 60min RSI 14 sell signals fixing on both SPX and NDX. With SPX and RUT both in fragile looking rising channels that would break down on any weakness this morning, the odds of seeing some technical damage early in the session today look good

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