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.
I’ve got one of those “personal tale” anecdotes in the hopper that people seem especially fond of reading, but I think I’ll leave it for another day. For now, I’ll just wrap up my day with the chart of the ES, which as I’m typing this is up an immaterial half a point. If the trading gods are reading this, it would make things a lot easier on us chartists if prices stayed beneath the tinted pattern. If they do, the clean target appears to be 1772. Inflation data roles out tomorrow an hour before the opening bell, so that should get things moving (hopefully: down). G’nite!
Just a friendly reminder to get up really early in the morning to watch the first of four “blood” eclipses. A quartet of these is quite rare. I read that there was over a 300 year stretch where no such event took place. There are plenty of stories about how these eclipses signal the end times; for me, I’d be happy if we could just continue that nice waterfall sinkage that was so fun last week.
The US stock market is negative pre-open, but don’t be surprised if we get a strong bounce soon. It could be a trade-able bounce. I have bought a couple items in anticipation and am watching several more.
A bounce is a bounce; a trade. It is what happens on a would-be bounce that will be important going forward. What will the market do at resistance? That will tell us a lot about what this thus far mini correction will be, another quickie or something more lasting.
SPX has firm support at around 1800. (more…)
I’m kind of hoping Les’ newscast is a foreshadowing of the week ahead……