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 broke up through both of the inflection points that I was looking at in my post earlier this week with the second one at the island top gap into 3337.75 yesterday. SPX here is very stretched, but that doesn’t mean that it can’t go higher, and there are no longer any significant resistance levels between here and a retest of the all time high, which I’m now leaning towards seeing before SPX makes the next serious retracement.
A serious retracement is of course a retracement strong enough to break and convert the daily middle band and then likely deliver a reversion to the mean move or more. I was asked earlier this week what I meant by that and I’m going to take a little time today to explain what I mean as it is very simple and extremely easy to incorporate into your market views if you don’t have a system to do this already.(more…)
I have admired David Lynch for decades. I heartily endorse the interview below, as it is full of simple wisdom and honesty.(more…)