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.

SPX Bull/Bear Battle Zone

By -

Shown on the following weekly chart of the S&P 500 Index (SPX) is a one-period moving average (hlc/3) in the form of a blue cross.

As such, each cross represents weekly support and resistance levels. I’ve chosen to highlight a zone/range taken from the moving average from the week of March 2 (resistance at 3003.54) to the week of April 6 (support at 2727.65). The midway level is 2865.

The Balance of Power (BOP) currently lies with the sellers on this weekly timeframe.