This is WILD. I stumbled upon this clip by accident, but it’s Colonel Sanders on the show What’s My Line back at a time when no one had any idea who he was (which seems unreal, I know). Even if you just watch the first few minutes, it’s a kick.
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.
Oil Bomb
Oil is getting hit hard today, down well over 3%. If there was one chart I was watching that helped “call” a peak (and I’ve mentioned it on my Tastytrade show a bunch) it is ERX, which tends to peak and reverse at the horizontal I’ve drawn.
What a Cad!
Slope favorite Acadia Pharmaceuticals continues to break down nicely, having completely a massive, multi-year top.
Hot Links!
I am pleased to let you know of another improvement in SlopeCharts: the Hot Links menu.
I built this menu since I kept hearing from people who were having trouble finding a few key SlopeCharts functions, and I wanted to prominently feature the most important ones. There is a totally new feature, however, which is the View SocialTrade item at the very top. (more…)
An Uncertain Decline Is Often A Bull Flag Forming
The SPX 60min RSI 14 sell signal that fixed early this week is still open, there is another on NDX and one is brewing on RUT. Furthermore there are now possible daily sell signals brewing on both NDX and RUT, and if SPX retests the June high then there will also be one brewing on SPX.
Is SPX going to retest the June high? Most likely yes. I was talking about the possibility of that happening in the video below, and on the SPX 15min chart below that there is a double top setup that is acting very strangely until you see that it is actually a perfect bull flag channel that is in fact not acting strangely at all. When that breaks up SPX should retest the high and at that stage we might have a genuine double top setup.
One thing I’d mention though is that the next cycle low window is around 25th June. The longer SPX takes to top here, the shorter and likely shallower this retracement is likely to be. The current possible double top forming now would look for the 2750-60 area, and I’d note that rising support from the early May low would be in the right area in that timeframe.
I’ve left the DX section in today as it’s being very interesting today. Partial Intraday Video from theartofchart.net – Update on ES, NQ, TF & DX: (more…)
