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.

Snail Racing

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Sometime soon this tape is going to get more interesting, but at the moment much of the trading day seems as exciting as racing snails. At least I picked a good week to be away last week.

On the daily chart the daily middle band has been tested on Tuesday and Wednesday and there’s currently no sign that it is in any danger of breaking. SPX has also broken back over broken range support at 2159 and so far today that is looking a lot like support again. Unless this changes soon then I’m expecting a retest of the all time high and likely a marginal new high. SPX daily chart:

160803C SPX Daily