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.

Crude Rotation

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I’m in total agreement that grease monkeys need not get excited unless they rip apart 5430s.  However, this week marks the first in many weeks that WTI has rotated right back to where it all started – the Weekly Opening Range (WOR) that was set Sunday night:


Experts are saying oil will head to $200 or $20 – pick a side.  Meanwhile, it’s been a nice bullish week and we’ll change our minds if they start breaking down weekly opening ranges again.

There’s no point in having a bias, only order flow 😉

Friday the Thirteenth

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I’m felling better than I did yesterday. I should be fully recovered by Monday I think and normal service will resume.

SPX has made visual (near miss) hits of the daily upper band yesterday and today. SPX has also made a new all time high today and is at the first major resistance area to look for a possible hard fail. If there is a serious break up here then we would move up to the next big level of resistance. SPX daily chart:

150213 SPX Daily Trendlines BBs MAs