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.

Thanksgiving Thoughts – Longer Term

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I was going to do a longer post today but I’ve decided to split the post in two, covering the longer term in this post and looking shorter term in a follow up post to be published tomorrow.

In my last post I was looking, among other things, at the SPX monthly chart and noting that if there was a monthly close significantly above the monthly upper band (currently 3570 area) at the end of November, then that would be the first time in the last twenty five years that had happened less than six months after a recent strong punch close above the monthly upper band (in August). The monthly close for November is at the close on Monday, so that is now only just over a trading day away in regular trading hours. Could it happen? Yes, and this has certainly been a very strange year both in the world and on the markets so we’ll see.