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.

Looking for Clues

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I’ve had a very busy morning with offline stuff so just a quick post today. There have been two promising setups for a decent decline on SPX and ES this week and, so far at least, both have just faded away as ES has instead been forming a rough triangle. In the context of the steep preceding rise I’m inclined to interpret this triangle as a (62%) bullish pennant, so I’m leaning towards at least a test of the highs here. ES 60min chart: (more…)