As downtrends go this has been uninspiring, but a lower low was made on Friday and I’m wondering about a possible flag channel support hit in the 2095 area. SPX daily chart:
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.
Crude Target Reached
For weeks now, I’ve been saying that a drop in crude oil would take us to the blue trendline of support (formerly resistance). Sure enough, this morning we got our target:
The question is – – what next? I guess I’m more inclined to cover a few energy shorts now than before, although it’s always a little sad to say good-bye to a friend. Truth to tell, I’m probably not going to touch a damned thing yet.
