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.

A Whiff Of Grapeshot

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Nice trend down for the first half day today. There is still an outstanding H&S target below on NQ in the 5975 area, but the strong support zone on ES in the 2539-43 has been tested with the LOD currently at 2541.5. That is a possible H&S neckline, and if a right shoulder forms the ideal right shoulder high would be in the 2561/2 area.

On the bigger picture the strong daily RSI 5 / NYMO sell signal that fixed on SPX is playing out, and it looks unlikely that will reach the possible near miss target today. That would fit with the possible H&S forming on ES, with would have a target in the 2507-12 area on a conviction break down. That is a decent match with the obvious first trendline support target on SPX, currently in the 2500 area. SPX daily chart:

171025 SPX Daily

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Automatic Earth

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It’s the middle of the night, and we’ve just finished up Automatic Trendlines. And, by God, they are FANTASTIC. I’ve already surveyed the competition, whose auto trendlines are an embarrassment (if they have any at all).

SlopeCharts just keeps getting better all the time! I’ll do a post about this and other improvements on Wednesday. I’m going to bed. I’ll be up at 5:30 a.m. as always to continue my Quixotic quest, fighting the good fight.

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