This is a just-for-fun post since I honestly have nothing to add right now. If I felt we were right at the cusp of some amazing bear market, this would be an awesome speech. As it is now, I can only offer it and note with amazement Kenneth Branagh’s acting ability. Watch and enjoy:
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 Department of Justice has decided that private prisons aren’t so cool anymore, so they aren’t going to use them. This is having a, shall we say, negative effect on Corrections Corporation of America.
SPX went a bit lower than I was expecting yesterday morning but held breakaway gap support and we have then seen the rally to retest the 50 hour MA from below that I was looking for. That’s holding so far and if that remains the case then on a fill of that breakaway gap support art 2164.25 then I would have an H&S target in the 2142 area, not far below the possible larger H&S neckline in the 2147/8 area. If the candidate island top gap above at 2190.15 fills then I’d expect a marginal new high that should respect trendline resistance slightly under 2200.
I’m using charts that I did yesterday night for subscribers at theartofchart.net. SPX 15min chart: