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.
The saying goes that every new Fed Chair is tested (but good) upon taking the reins. In order for that test to come about, it seems that more often than not the previous Fed Chief will have been withdrawing at least some of the particular policy (Greenspan: Easy Fed Funds for Easy Al, Bernanke: Easy Fed Funds/ZIRP & QE bond buying) that had made them look like heroes to so many during their tenure. Here, have a look… (more…)
I’ve been adding to shorts during this morning’s “buy the dip” – it seems that the Retracement Levels very high probability hour reversal has some sway here. I hope it sticks……..
Just a short post this morning as the main event is the setup on SPX which could break hard either way today.
Yesterday morning I said that I’d be looking for a test of the lows if the falling channel broke on the SPX 5min chart. It held and SPX made a marginal new low before bouncing to break that falling channel. There is now a very nice looking possible double-bottom in place on SPX that would target the 1780 area on a clear and sustained break over 1759. SPX 5min chart: (more…)
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions. (more…)