The Euro has been strengthening ever since 2017 began, but it seems to me, based on the ETF shown below, that we’re up against a potential reversal point.
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.
Captain Linger
After a long weekend, I’m still trying to get my ducks in a row. Thus, I’ll share with you a little something which appeals to my offbeat sense of humor. There is a whole series of these, all of them with precisely the same plot.
Currency Chaos
This is going to be just a quick comment cleaner. Equities are nicely in the red for a change, with the ES down 9 as I’m typing this.
Patterns & Cycles Pointing to SPX 2300 by Month End
By Mike Paulenoff, MPTrader.com
Since I am a “pattern geek,” what is the Emini S&P 500 pattern whispering to us now? That all of the action off of the new all-time high at 2278.25 established on December 13 — exactly one month ago — is taking the form of a Bullish Coil Formation, which the vast majority of the time represents a digestion period prior to continuation in the direction of the underlying trend (up).
If such a scenario unfolds from the month-long formation, then as long as any weakness is contained above 2248.50, ES should take off to the upside, heading for a target zone of 2300/10. (more…)
I Have a Screen
Greetings from Long Beach, California. For those of you who might swoon with envy about the prospect of hanging out on a California “beach”, allow me to share with you the view from my 10th floor hotel window:
