I gave two important resistance levels on ES yesterday morning at 1823-5 and 1830, and ES blew through both of them. This action suggests that the retracement low may be in, and if we see SPX break over the last lower high at 1843.45 then the current downtrend will be broken. Furthermore we now have what look like failed double-tops across most US indices, and when these fail there tends to be a strong reaction in the opposite direction, so we may have now started a powerful move up. Nonetheless I think that the retracement low may still be ahead of us, and I’ll show you why I think that may be the case. (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.
ES Quantitative Analysis
Timmy Warbucks
I mentioned during my Tastytrade segment on Wednesday that I’d be willing to shave my beautiful hair to make the market crash. One of my viewers took this suggestion to heart and presented to me what this would actually look like. I don’t know. It might drive away all the overweight middle-aged male groupies that follow me around at trade shows. (more…)
How [They] Learned to Stop Worrying and Love the [Market]
How I [they] Learned to Stop Worrying and Love the Bomb [Market] paraphrasing Stanley Kubrick’s great cold war/nuclear paranoia film Dr. Strangelove (1964).
Success Begets Success
On January 7, I did this post about how nicely the short ideas HGG and GME had been working out. Well, the plunges continue (although I suspect HGG is nearly exhausted with its own drop for now). I’m seeing more and more golden opportunities like these. It just takes a certain amount of testicular fortitude to actually sell into strength like today’s. (more…)
