Retracement Levels FTW

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One of the nice things about Slope is that we have a variety of contributors, so you aren’t subjected to my Johnny One-Note ramblings all the time. An old timer here is 2sweeties, more professionally known as Retracement Levels. He’s been with Slope almost from the beginning.

On June 9th, he did a post to go long the market, and I’ve got to say, he totally nailed it (indicated below with the green arrow). Even better, this was a follow-up to his “short the market” idea, marked with the red arrow. The “short” idea missed the top by a little, but who cares – – it was awfully close. Suffice it to say I’m glad there are other voices here on Slope to give the place some balance!