TRAN called the action yesterday best, as I suspected when I proposed it as my confirmation index yesterday morning. TRAN hit the ascending triangle target at the opening high, then retraced to retest broken falling channel resistance, then rallied for the rest of the day. The next obvious target is a retest of the highs and possibly making the second high of a larger double-top there. TRAN 60min chart: (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.
Note: to complete the transition from “TA” mindset to “quant trading” mindset, we have completely removed the charts from our published market research. The focus now is exclusively directed on price levels and their probabilistic significance in the context of market price swings.
TO GO LONG ANALYSIS
The CCOC DAILY gauge below is showing 0% odds to GO LONG. (more…)