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.

EWI Target Met

By -

I had mentioned last night that the folks at Elliott Wave International had projected a drop into the tinted zone that I had drawn (shown below) before a partial push up and then – – – the big, fun plunge.

The tinted area has indeed been penetrated, satisfying the prediction. I had some nice gains going long IYR and IWM in day trades earlier today, and I'm pretty much totally short again. Looks like another fun day.

0624-es

ES Declining Channel and Trading Ranges (by Springheel Jack)

By -

(Editor's Note: Umm, not sure if my computer is cursed, but I'm not able to see any comments, even though I see they are accumulating somehow; sorry for the lack of NEW POSTs today…….)

Everyone trading ES at the moment should have a look at this chart IMO:

100624 ES 60min Declining Channel and Ranges

I'm expecting that we may well see a rise on ES to range and channel resistance at 1084ish this afternoon. That will look like a solid short, and it that resistance is broken, it will then look like a solid long for a good bounce to at least 1101.5.

As an aside, among the strange things you very rarely see are a strong rising channel on EURUSD at the same time as a strong declining channel on ES, but it seems that pigs are growing wings today. This could be positive divergence, maybe, but I wouldn't put much faith in it after the bearish technical carnage this morning:

100624 EURUSD 60min Rising Channel

Disqus Wreck

By -

Hi Folks,

For the umpteenth time, it seems the Disqus system is down.

I've got something different coming. I'm not really going to talk about it now, but I assure you, Disqus isn't going to be a permanent solution here.

Anyway, I'm ungodly busy between trading and family members, so it's kind of a gummed-up day for me; I'm sorry the comment system is having trouble.

Again.