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.

In The Inflection Point

By -

I was looking at the inflection point setting up here in my post yesterday and it is now fully set up and looking good. At this stage I am looking for either a break up towards a retest of the all time highs on both SPX and NDX, or a hard fail that delivers new retracements lows, though we could see a limited retracement here that preceded the break up.

On the SPX daily chart there is no current divergence but SPX is now testing and slightly over the daily upper band.

SPX daily chart:

(more…)