Slope of Hope Blog Posts
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SlopeCharts has a couple of new features I wanted you to know about.
First of all, I’ve received some requests to allow for the exporting of symbols from a watchlist into a comma-delimited format (as opposed to just a row of individual symbols in a text file). You can now export comma-delimited files by changing this setting in User Preferences:
In the midst of political and social uncertainty surrounding the recent referendum in Catalonia to separate from the rest of Spain and Prime Minister Rajoy’s aim to stop it, Spain’s Ibex 35 Index has been faltering, as shown on both the longer-term Monthly chart and the short-term Daily chart below.
Longer term, price ran into major resistance in the form of a downtrend line and a 50% Fib retracement level. It’s currently hovering above the 40% Fib level. So far, neither the Momentum nor the ROC indicators are showing that higher prices are in store for this index on this timeframe.
Shorter term, a bearish moving average Death Cross has formed and price closed just below both of them on Friday. So far, the RSI, MACD and PMO indicators are not hinting of higher prices to come any time soon.