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.
We MUST BREAK This Prior Low!
Virgin Behaving As Desired
It wasn't but three days ago that I suggested Virgin Media (VMED) as a short. So far, so good!
XLF Broadening Top (by Piker Trader)
Financial stocks have been rising over the last few days causing XLF to rise as well. The current price action has formed a Broadening Top Pattern.
The Broadening Top Pattern represents a rare reversal pattern and typically represents a top and being bearish. It is the opposite of the Symmetrical Triangle pattern that was previously formed in the market. It starts after a strong move upwards. The Pattern is then formed by a a stock or index making new high and a new swing lows, forming upward and downward sloping trendlines which represents the swing high and lows.
Waiting for a Break (by Springheel Jack)
It was looking pretty good for a decent retracement yesterday. Even after the bounce at support the setup was looking very nice, and I posted this H&S forming on the SPX 15min chart on twitter in the early afternoon:
