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.
You may recall my previous post after the initiation stage of the Trump Rally here which was about a week after the election. I shared the likelihood for forward trade was in a flat to up trend, but that there was a lesser chance of a large drawdown if price did reverse. I have a little more context to it now so I thought I might show you what I’ve found.
Bears managed to do some damage yesterday and the retracement I was projecting is in progress. I was calling the final pattern targets on my premarket video that I posted for Daily Video Service subscribers at theartofchart.net this morning before the open. The charts I was showing in the video are below and I’m looking at where each index is respectively in terms of their pattern target.
The final pattern on ES is a double top looking for 2178.5 on a sustained break below 2196.25. The current LOD is at 2187.50, so there still should be another nine handles of downside to make the target. That may be tomorrow though of course. ES Dec 60min chart:
On rare occasions, I reach out to Slopers and ask them for any ideas for improvements they’d like to see on the site. I love you folks dearly, but honestly, these solicitations rarely yield a single good idea. However, by chance, I saw this remark today……..
In addition, last night I read pipesticks talking about flitting off to some chat room or another, which send a chill through me. I want you folks to stay here! So I’d like you to tell me in the comments section below what you’d like to see on the site to improve your experience here, as well as a fleshing-out of zstock’s idea above. Thanks.