The E-mini S&P500 (ESH15) is rising at the moment of writing this post (overnight): it has already reached levels that could start to be good for a DAILY SHORT trade (short term). The next shortable level would be 2047.75, if you scroll down after the chart you will hear more about our logic.
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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.
That Toddlin’ Town
Please note I’ll be at TastyTrade (and, as such, in Chicago) from Thursday to Sunday, so……
- Contributed posts are even more welcome than normal!
- The blog might not be at its normal frenetic pace with me goosing things along
- TastyTrade viewers will get to enjoy watching me endure Tom and Tony’s antics face to face
Thanks; I’m looking forward to this trip…….
Swing Trading Watch-List: IRM, TEVA, PM, MON, NKE
US $ At An “Interesting” Level
USD hit major price and double-Fibonacci resistance at 93.00, as shown on the following Weekly chart. A break and hold above that level could prove “interesting” for other world currencies (Euro, Canadian $, Swiss Franc, Japanese Yen, etc.)…(at the time of writing this post, the Canadian $ is -1.83 at 80.77).
Volatility in currencies has certainly been the norm, of late.
Ashes to Ashes
The triple-bearish-on-gold-miners ETF, symbol DUST, has a rather interesting property of bouncing hard off the trendline I’ve shown below. If this is true, it would suggest miners are in for some weakness ahead. Don’t get me wrong – – I’m a precious metals booster! – – but I wanted to at least point out this interesting phenomenon.
