I grew up loving Broadway musicals (and, no, you puerile, mentally-challenged oafs, I am not gay) and recently discovered for myself The Book of Mormon. It is incredible. Here's a sample which can serve as a good theme for traders. Enjoy.
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.
It Bears Repeating
I've mentioned Discover Financial Services as a interesting short, based on its diamond pattern. I've got a position on this, and my target is 13.50.
Triangle Support (by Springheel Jack)
This is one of those irritating mornings when the markets move rapidly while I'm preparing my post. We had a nice looking bull setup on ES earlier when I capped the chart below, with positive divergence on the 60min RSI and a nice test of triangle support. Since then ES has moved lower to test 1220, the triangle is breaking downwards, and any positive divergence on the 60min RSI is now very muted. We need to see how this opens today but right now this is looking bearish:
TF has been outperforming ES in recent days and is not yet close to triangle support. I'd be inclined to give any move on the ES triangle more weight however:
