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.

Optic Run

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Today I’ve done an optic run of the 15min charts of the main US indices to get an idea of how the next few days are likely to develop. I’ve discarded the smaller SPX double bottom that I’ve been showing as a possibility, and the bottom line is that of the six double bottoms on these six indices, not one has yet made target. Given that SPX, Dow and NDX have already broken the 61.8% fib retracements the obvious conclusion is that the falling wedges that broke up on five of the six indices below are full reversal falling wedges, with targets at lower lows from the previous highs or tests of those highs.

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ES Short (by Retracement Levels)

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After the recent “mental waterboarding” (as some media called it), Greek Prime Minister Alexis Tsipras is now on the run, in search of his forgotten identity (the one where he had promised to terminate austerity and reject Greece’s creditors proposals):

The Tsipras IdentityIn the meanwhile, the E-mini S&P500 (ES) has reached interesting OVERBOUGHT levels. If the Greek Parliament rejects the deal signed by Jason Tsipras, oops sorry, Alexis Tsipras, the market may tank again from here, this is why it’s important to see what our SHORT model (below) is saying.

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