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.
Wednesday Morning, 3 a.m.
I've always wanted to do a post whose timestamp matches an old Simon & Garfunkel album, so here we go:
Looking at the /ES at this ungodly hour, I'm glad I took my little 3 point profit Tuesday evening. We are well into the "mush zone" right now (in yellow) where meandering can be expected. I've tinted the target level in green. We'll see what the world looks like when we get there.
I will point this out, though. Even though we didn't know it, the bullish assault ended on June 5th (marked as 1). It made another attempt, but failed (marked 2). And it made another attempt, but failed again (3). And, since then, we've been in a soft, steady slide (which makes for trading so easy and profitable it brings a tear to my eye).
It's nice to get a respite, but let's see if the bulls try to wrest control again, now that we've eased 50 points off the highs!
