ES made Stan’s target area 2700-40 for the rally and all three of ES, NQ and TF have turned back down towards likely retests of the retracement lows so far. There is still a possible case for high retests on these to make double tops to deliver that move, but I was only assigning a maximum one in three to that scenario on the video below, and the odds have reduced further since then. Intraday Video from theartofchart.net – Update on ES, NQ and TF:
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.
Don’t You Feel All Warm and Cozy?
Some music to go with our trading today:
I’m Calling It
As an aside, I’ll mention this: I am a gentle spirit, with a disposition bordering on sainthood. But there is no limit of loss, suffering, or horror the bulls could suffer that would invoke one iota from sympathy from me. They have ruined the world in exchange for a fake prosperity.
Bullish Miners
This is kind of back-asswards, I know, but I am shorting DUST with a stop at 28.29 since I think miners are going to strengthen.
