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

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All right, let’s pick up the wreckage from yesterday’s trading day and let’s try to make a bit of order.

As you know yesterday we theorized that the market was bottoming in the blue-circled area in the chart below, the odds were good, however the market went lower. From a probabilistic point of view the odds just got better for a LONG trade, both DAILY and WEEKLY. The more the market stretches to extreme limits, the higher the chances of a sudden sling back. (more…)