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.

Reversal at Resistance (by Springheel Jack)

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That was a strong reversal day yesterday and that was an encouraging start. There haven't been two consecutive down closes in October so far and we'll see if that can be broken today. On the big picture the reversal at main resistance yesterday was very encouraging for the bear side. On ES (though not on SPX) there was a bearish engulfing candlestick and a potentially very bearish setup that I've detailed on the daily chart:

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