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.
Stormy Monday
The main pattern I’m watching this morning is of course the H&S that formed on SPX last week. I called it as a possibility on Wednesday morning, and the H&S completed forming at the low on Friday. With SPX currently over 20 handles down from the close on Friday this could be a breakaway gap through support, in which case the key resistance levels to watch this morning are the retest of the H&S neckline at 1872, and the opening gap from Friday’s close at 1880.05 should not be filled. SPX 15min chart:
This Beats Folgers
They were wrong. The best part of waking up isn’t the prospect of sipping on some dreadful freeze-dried coffee. It is, instead, holding my breath, bracing myself, turning on my screen, and see it covered in sangre de cristo. Now if you’ll excuse me, I had probably find some pants to put on for the trading day. Achtung, baby.
