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.
To borrow a line from George Lucas, the Bears have a “New Hope” as the debut of the 7th Star Wars movie nears its worldwide debut.
Should the /ES (on the continuous chart) break and close beneath its November 16th low at 1998.50 on the daily chart, that price action portends a stronger move lower.
From a Fibonacci perspective the 38.2% retrace from the Nov. 3rd high to the Nov. 16th low, and following failure to retest that lower swing high before rolling over, sets us up for one of two potential patterns:
#1 – The Bat pattern (cue Adam West!) (more…)
Well that post title got your attention, didn’t it? But I’m serious. At least temporarily. Here, allow me to explain.
I have decided that, before the end of the year, I am going to completely exit the market and be completely in cash. This, for me, is unprecedented, as well as somewhat discomforting. There are several reasons I’m doing this: (more…)