Rather an interesting relationship between the agricultural ETF, symbol DBA, and its Fibonacci arcs:
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 Greater Fuel Theory
This is just ridiculous. For those who got in a week or two ago, hats off – – but to those piling on now – – the symbol I offer you is GFL.
Swing Trading Watch-List: BBY, TSU, HES, HLX, RCL
Bulls’ Best Friend Getting Shaky
Compressing Range
SPX is being compressed into an ever-narrowing trading band, and is likely to break out one way or the other soon. Above we have strong (weekly close) resistance at the weekly upper bollinger band, currently at 1884, and we could close this week as high as 1890-5 without a rare and bearish punch above it. I would add though that while a punch above would not necessarily be immediately bearish, but could mean, as it meant earlier this year, that SPX would make a significant high within 50 points or so. With any punch through likely to take SPX over 1900, that would still leave my rising wedge target at 1965 in range (more or less) before that next significant high was made. SPX weekly chart: (more…)
