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.
There are a couple of publications I have read on a daily basis for many years, and with each passing day, they both annoy me more: one of them is ZH, and the other is, as I like to say, from “our friends in Gainesville.”
Regarding the latter, I don’t know why I bother. Back during the financial crisis, which I think was about four or five hundred years ago, I was convinced that Elliott Wave truly was the key to the universe. How shall I put this? I, umm, don’t think so anymore. I’d go so far as to say that, in my opinion, Elliott Wave offers not only zero predictive value but can be so profoundly misleading as to be harmful. Yet I still read the stuff, although with rapidly diminishing interest.
Coming into the week there is now a very nice H&S formed and testing the neckline late Friday afternoon. On a break down the target would be 2088. Will the bears deliver? Well they’ve blown a few nice setups lately, nothing as nice as this but we’ll see. SPX 5min chart: