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.

Retesting Broken Resistance

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Yesterday went much as expected, with a first test of the daily middle band that failed. Overnight ES has retraced to test support, which on ES is in the 2098 (50 hour MA) to 2102.5 (50 DMA) range. If this area holds today then I would expect another attempt at the daily middle band with a break up, before a retest of the all time highs. If we instead see a hard break of support today then the picture gets a lot darker, and we might well break back down hard. SPX 60min chart:

150612 SPX 60min Falling Megaphone Breaking Up

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Surprisingly Interesting

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I wanted to share with you something I watched by accident that I really enjoyed: it’s the Actors Studio with Jerry Lewis. Now, let me be clear: I hardly know anything about Jerry Lewis. I’ve never watched any of his movies. I vaguely remember the (boring) Telethons from when I was a kid. Jerry was before my time.

All the same, this interview is fascinating, and it gives you a passing knowledge about someone who was an absolute colossus in the entertainment world in the middle of the 20th century. There’s even a stock trading story in here! Check it out: