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.

GOOG Testing Long Term Resistance (by Piker Trader)

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An interesting pattern has formed on GOOG's weekly. Since 2010 GOOG has failed to get above 631 testing it around 6 times-each time failing and each time declining back to the 200 ema.  The resistance is more around 626-630 but 631 is the high and a break above that level would signify a break of the entire resistance giving a better chance of a sustain breakout.  This has created a large ascending triangle pattern with the top of the triangle at $631 and the bottom trending from $431 up to $500. Because of its size a break out would be big over a $200 point move with a price target of $831 this would be an all-time high. 

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Consolidation or ST Top? (by Springheel Jack)

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Shorter posts than usual for the rest of this week as I have a lot of offline stuff to do. Just four charts today but then the position today looks reasonably simple. ES is building up strength for a decent move one way or the other. Will that move be up or down? I'm leaning short but it might yet go the other way.

On the upside ES has not yet touched declining resistance from the July highs, though it can within three points of doing so yesterday. That looks a bit like unfinished business overhead and we might see a touch of that in the 1269 area today. A move over 1270 would suggest that we might be starting another move higher:

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