My buddy BDI and I have, on occasion, had to talk each other off the ledge. We tend to switch this role. Lately, I’ve been playing the part of the comforting assurance whereas he’s played the part of the dejected and disheartened trader. I am wishing him the best of luck today with his DOOMs. (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.
Wednesday’s bearish engulfing daily candlestick confirmed yesterday with a lower intraday low and lower close. I’d have been happier with a more definitive trend day downwards but the last two days have been a decent start on the expected retracement. SPY daily chart: (more…)