Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Resistance Trendlines

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The little retracement yesterday made the targets on the 60min sell signals on ES and NQ, and denied SPX a record on the number of consecutive all time highs at the start of a year. However it is likely that in a week or so SPX will complete the longest ever period without a 5% retracement.

A decent three touch resistance trendline was established on ES on Monday, and I was looking for yesterday’s retracement to establish a corresponding support trendline. That is now done and I have a working rising wedge on ES with wedge resistance now at 2675 if ES can clear Stan’s resistance in the 2675 area. NQ and TF both also looking interesting and I cover all three in the video. (more…)

Best Present Positions

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Context is important when trading, and in this new-lifetime-highs-every-day market of ours, it’s interesting to take note of which shorts (for example) have managed to survive the best. In that spirit, here are my “lucky seven” best profit-makers as of now on the short side. Each symbol is linked to its own SlopeChart, for your slopecharting pleasure.

MU

slopechart_MU (1)

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