Slope of Hope Blog Posts

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The Picture Clarifies

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OK, it's a new day, and it's light-bulb-over-my-head time!

For weeks now, I've been confounded at how I've had to keep inching up the horizontal line that delineates support & resistance on the ES. This line has been around 1390, but I had to keep monkeying around with it to make it legitimate. And monkeying around with anything means it's not legitimate.

After last night's umpteenth instance of going a little higher than before, the ES finally made its path plain to me. It's not a horizontal line at all, but a moderately ascending line, that defines this resistance. Thus:

0426-es

I feel better now. And, after all is said and done, that's why we're all here, isn't it?