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.

Suggestion Fulfilled

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We introduced the Slope Tiles page a little earlier this month, and we’ve already given it a bevy of improvements. The latest is one directly from a suggestion that TNRevolution made. It was regarding the comments tile, and Rev said he’d want to be able to enter a search string (which could be a ticker symbol or just regular words) so that, optionally, the comments tile would display only comments that included whatever was typed. Well, voila, we’ve done it! You can optionally enter whatever search string you want via the Edit Tiles dialog box.


Bull Flag And Retest

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I’m hoping all of you saw the bull flag channel on SPX that I posted on my twitter feed on Wednesday morning. Obviously that has played out and delivered a new high on SPX on Friday. So what now?

Well this is another inflection point of course, I’m expecting a reversal into a larger retracement to start soon but SPX could break up higher directly. The retracement low last week established a very decent looking rising channel from the last significant low at 3855, and there is plenty of room to the upside in that channel.

On the downside a break below that channel support, currently in the 4145 area, would be a good indication that the larger retracement I am thinking is likely here is in progress.

A possible double top formed at the retest of the all time high last week, and on a sustained break below last week’s low at 4118 the double top target would be in the 4043 area.