The symbol $SPX200MA in SlopeCharts, which displays the percentage of stocks above their 200-day moving average, is deliciously close to completion. If we can get beneath this pattern, I’m expecting an amazing July.
Go Time
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.
Bearish Immunity
It’s good to know that earnings season is just a few weeks away, and the Fed-fueled gravy train is going to be discovered to be – – well – – out of gravy, I guess. As we look at the /ES pre-market, the lengthy range-bound stall-out is, in my opinion, about to break down into a lusty swoon.
Renewed Musk
Tesla’s strength recently has been impressive. These Fibonacci levels still count, however (notice resistance at red arrow for Monday), and I’d say very firm resistance awaits at $220.
