On Thursday and Friday there was an impressive battle at daily middle band support on both SPX and RUT. At the close on Friday the bulls had still not conceded the daily middle band, and if that isn’t going to break then the next obvious target would be the daily upper band currently in the 2076 area. On a move higher there are still open and obvious targets at the IHS target at 2082 and declining resistance from the 2015 high, currently in the 2090-2 area and a decent looking match with possible trendline resistance and the 200dma on RUT, currently both in the 1135 area.
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.
The Trifecta of “Cool” (by Bob Kudla)
The weird weather has been on everyone’s radar lately, and it has been weird. But why? The narrative creators will tell you it is AGW climate change, because no matter what it is, it is caused by man-made global warming. But like everything else, the answer is more benign, but far more scary. It is the sun; and we have data that shows what happens when the sun does its thing. I will talk about the big macro in another post, but for today I want to talk about three aligning shorter term cycles.
+ The ENSO (El Nino/La Nina) 3-5 year cycle
+ The Atlantic Decadal Oscillator
+ The Pacific Multi-Decade Oscillator
