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.
Only a day or so ago, a Diamond member left this request:
Well, ta-freakin’-da, I’ve done ’em both! Although I confess when zprime29 left this request, I had never heard of a Hull moving average in my life. Suffice it to say that it’s a special moving average which aims to reduce lag.
Let’s take a recap as to the new, improved moving averages in SlopeCharts.
The pivot point support/resistant values/targets for the S&P 500 Index (SPX) for the entire month of April are based on the high/low/close of the March monthly candle, as shown on the following pivot point calculator.
Further to my last post, the following pivot point calculations and charts are provided to illustrate a variety of support and resistance levels for three timeframes, namely daily, weekly and monthly, for the S&P 500 Index (SPX).
For a detailed explanation of pivot points, feel free to check out John Person’s website at this link (the creator of this pivot calculator) and use his calculator for your own purposes. Just input the respective candle’s high, low and close values to the second decimal point and press “submit.”
Generally speaking, it uses the prior day’s, week’s, or month’s high, low and close to calculate the following day’s, week’s, or month’s Pivot Point (PP) and its resistance values above and its support values below. Price action above the PP is considered bullish, and below, it’s bearish.
Before I begin with what I want to say this weekend, let’s just stop and take a look and marvel at what we’ve just seen. For the next hundred years, students of the stock market will look back at the last three weeks and attempt to understand and learn from what we just experienced. A three week 27% crash in the S&P 500 straight off of all time highs. The Russell fell 35%. Amazing.