As the markets closed on Friday I was concerned about the possibility of a strong bounce starting and the possibility that strong bounce might develop into a major low. Of course, just as promising reversal setups can be steamrollered in strong uptrends, the same can happen in strong downtrends, and we may well be seeing that here. . The triangle targets on ES are still well below here of course, though the strong positive RSI divergence on the ES 60min chart is still worth noting today. ES 60min chart: (more…)
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.
E-mini Prep Work June 24th, 2013
I’ll be brief, it looks like the market has failed to sustain trade below Friday’s regular hours session low, so I would expect a re-test of value at 1584.00 and a gap fill. Though that is just an expectation, subject to change as the market action unfolds.
Here is the chart:
The midpoint from 82.75-86.25 is a crucial area for price and value. See you guys later today!
The Knight Shift
Good morning, Slopers.
I’ve been awake since about 5 a.m. (which wasn’t that long ago) reading ZH and trying to catch up on all the overnight insanity. I love times like this, because the environment lends itself to the Slope comment section being more rowdy and enjoyable than a favorite bar, and the articles over at ZH are in superb form. It’s a pleasant repast. (more…)
