From earlier today at 9:49 a.m. PST………… (post title was “The Perfect Place to Reverse”):
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.
Another Knife Fight at Resistance
Yesterday’s knife fight resolved up and SPX closed the day at another test of the daily middle band from below. SPX gapped over the middle band at the open and looked as though a trend day was in store until SPX/ES hit declining resistance from the high. That broke up slightly on SPX and has been tested at the high on ES, but held so far. Bulls need to break above 2380 SPX / 2377 ES and bears need a close back under the daily middle band, currently at 2363. Whichever way this breaks may well determine direction for the next few days.
SPX 60min chart:
The Perfect Place to Reverse
Left Behind by the Rally
I don’t know what the problem is. Amazon has never made a dime either, and yet SNAP just can’t seem to join the party.
