Private Parts
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.
Heck’s Angels
When Guts Beat Gut Feelings
About Damned Time Bar
A Battle of the Bands
NOTE: The charts below are all showing the new monthly pivots.
In my post on Wednesday morning I was looking at the pattern setups on SPX, QQQ and DIA and saying that these delivered a very nice setup for at least a short time high forming here. Yesterday we saw the first real signs of weakness since the early April low.
I’ve looked in many previous posts at the importance of daily middle band support or resistance in strong trends and I looked at that in this uptrend a few weeks ago. Until yesterday there had been no meaningful closing breaks of the daily middle band support on SPX, QQQ, DIA or IWM since these indices broke back above those in late April. That changed with very strong closing breaks below the daily middle bands on DIA and IWM yesterday.
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