Slope of Hope Blog Posts
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Note from Tim: our own Davis Ramsey was kind enough to compose this breakdown of his trading performance. I’d say he’s got Gartman beat!
Conducting a thorough year end review of your trading results is of the utmost importance. While regular monthly reviews are good snapshots and can keep you on the right track, looking back over a full year can show you some important big picture mistakes or successes that you might otherwise overlook.
SPX doesn’t seem to miss many opportunities to just lie down and take a nap for awhile these days, and Wednesday and Thursday were irritatingly action free, but the thrust up from the triangle has finally got started today. SPX has come close to the ATH retest at the time of writing, and may make it before the close, but regardless of that we should see that full ATH retest and the two main options after that are either a marginal higher high and fail, or a move up to rising wedge resistance with resistance on both the large and small rising wedges currently in the 2312 area.
I’m favoring the latter option as the that gives time for both NDX and RUT to retest their all time highs as well. Either way the swing high should be in by the close on Wednesday. SPX 60min chart: