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.

Network Fun

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Howdy Folks – – it’s about 10:35 in the morning here, and considering how much work I’ve gotten done today, it might as well be 5:35 in the morning……..network insanity has thrown a huge wrench into my day, so I’m going to be pretty quiet until this afternoon as I try to catch up on my regular stuff. Let’s just say it’s a good thing I have two high-speed connections from two separate vendors. Never be at the mercy of just one ISP!

1105-gears

Uncertain Break Upwards

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SPX and RUT both broke up yesterday, and on RUT that was a very definite break up which was nicely followed through. That wasn’t the case on SPX where the action after the break was uncertain, and that has continued overnight on ES. If we are to see a retest of the highs then I would not expect to see 48 retested before the highs were retested, and I’d expect to see ES hold above 1753 today. Initial support at the start of the trading day should be in the 1756-8 range, with support at the low yesterday at 1756, the 200 hour MA currently at 1757, and the weekly pivot at 1757.4. The 50 hour MA is currently at 1758.50 and ES has been trading below that for the last few hours, which is bearish while it lasts. ES 60min chart: (more…)

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