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.
Possible Fail Area Just Above
SPX inched a little higher to 1986 yesterday and there is a very possible fail area just a little higher. The main target level I’ve been looking at for this move is the 61.8% fib retracement in the 2000 area, and slightly below that I have possible rising wedge resistance, the daily upper band and the weekly middle band, all in the 1995 area at the close yesterday. There is a lot of negative divergence on SPX and ES here and we may well see a fail in that area. SPX daily chart:
