SPX didn’t quite make the ATH retest I wanted on Friday and delivered it this morning with a gap through channel resistance. Channels don’t overthrow so that is a clear resistance break and opens higher targets. SPX 60min 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.
Orange, Black, Breakdown, Breakout
Nonstop rain and flooding this winter (easily predicted by constant coverage of how California was going to be in a century-long-drought at that you-know-who blog) created big delays in airport travel last night, meaning that my pickup of family members at the airport didn’t happen until, oh, three in the morning. Having gone to bed at 4:30 a.m., I’m bright-eyed and bushy-tailed on this pitch-black morning.
Anyway, gold (which I am bearish by way of a DUST position) is down nearly ten bucks as of this writing. Breaking that blue trendline would be a very good thing.
