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.
Decent Rally Setup (by Springheel Jack)
The ES IHS that I was speculating might form at the 1145 neckline yesterday morning has since formed, and has delivered a very nice looking short term bull reversal setup. It hasn't yet broken over the neckline, and bull setups are at much higher risk of failing in this strong bear trend, but it's looking pretty good, and if the neckline can be broken with conviction then the IHS target is 1177 ES:
An Interesting Average
I was reading some material this evening from the folks at Elliott Wave, and I noted with interest they had plotted a 400-day moving average on the S&P. I hadn't ever really tried that before, so I gave it a shot:
