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.

No Bounce Yet

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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…)