Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Palo Alto in a Single Image

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1213-paloalto




Another Inflection Point

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The main ES contract has moved from December to March today and ES (March) is trading 6.25 handles below SPX, which needs to be borne in mind when looking at ES prices.

Yesterday’s close was a cliffhanger, with strong short term bull and bear scenarios that I posted on twitter and was thinking might well be resolved at the open. The bull scenario that I posted yesterday night on twitter was the declining channel on RUT, with the obvious next move being a bounce towards channel resistance, at which point RUT would either break up or turn back down. RUT 60min chart: (more…)