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.

Middle Band Bounce

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The double-bottom I was looking at yesterday morning on the ES 60min chart failed, just above the trigger level which is where these patterns generally fail when they do, but the 60min RSI positive divergence I was looking at increased into the low just above 1680 and we have seen a very strong bounce from there. The obvious target is back at a retest of the highs, and an IHS has formed that targets new highs. ES 60min chart: (more…)