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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.
Introducing Personal Symbols
SlopeCharts has another cool new feature which will be especially useful for paying subscribers: the ability to create a shorthand way to reference even very complex symbols. Not only is this useful as a time-saver (and memory saver, since no one can remember some of these crazy formulae) but it makes working with Layered Charts possible in ways that couldn’t be done before.
Here’s how the feature works: if you have a customized symbol created, right-click on it within its watch list and choose the menu item Add Personal Symbol.
Mixed Bag Bar
Quite a week………….
Apple’s Channel Breakout?
What does this mean for the rest of the market? I can’t say. It isn’t helping the bearish cause, that’s for sure.
Rolling Over
So far, the reversal at strong resistance at the monthly middle band and the main support/resistance trendline from the 2009 low is proceeding as expected. The next three weeks lean bearish, with strongly bearish leaning days Thursday 11th May, Wednesday & Thursday 17th & 18th May before we see the next strongly bullish leaning day on Thursday 25th May. This is a good time for SPX to turn down and do some significant damage to the downside.
In the short term the downtrend has started well, the daily middle band, and weekly and monthly pivots at 4130 have been converted to resistance and SPX tested the daily lower band yesterday.
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