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.
Short-Term ES Target Doth Approacheth
AutoNation Diamond Pattern Complete
Waiting for a Break (by Springheel Jack)
There was a bounce yesterday, but it lacked conviction, and looking across the indices there are quite a number of double-tops in play that have broken down and not yet reached target. For today on ES strong support is still at 1371.50, and first overhead resistance is at yesterday's high at 1382.75, where there is also some trendline resistance, and at the valley low between the double-tops in the 1387 area. A break over 1387 opens up a strong bounce, and a conviction break below 1371.50 opens up further downside, with the double-top target in the 1353 area of course:
