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.

I Don’t Like Mondays

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There’s an interesting setup on the SPX 15min coming into this week, with the possible H&S patterns that I was proposing last Tuesday morning still forming on all of SPX, NDX and RUT, but with a possible alternate falling wedge forming on SPX. Either way the obvious next move would be a test of the H&S neckline / possible falling wedge support in the 2166/7 area. At that point we should either see a fill of the open breakaway gap into 2164.25, or a reversal back up to retest 2193 to make a likely second high of a double top.

All charts from the charts I did at the weekend for the Trader’s Chart Service at theartofchart.net. Further notes on the charts as usual.

SPX 15min chart:

160818C SPX 15min

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Dixie Cup

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Well, it’s just one day, but I’ll take it. Crude is down about 2.25% as I am typing this, and as I dedicated the entirety of my own weekend posts to energy shorts, it’s fitting. As for it being only the 2nd day in a string of 14, well, a thirsty man in a desert isn’t going to argue the fact that his cool water is in a Dixie cup. He drinks it gladly.

0822-crude