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.

Forming The Bull Flag

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Apologies for the lack of updates this week. I’ve been reorganising my office which has been time-consuming though very satisfying. The video below is the full premarket video that I do every morning at for subscribers and there are quite a few charts at very interesting stages, most definitely including SPX/ES here.

When I was showing the SPX 15min chart in the video I was saying that ideally there would be an early rally today into the mid-2880s to test bull flag megaphone resistance, before a reversal back down towards bull flag megaphone support, now in the 2858 area. That trendline is declining at about 7.5 handles per day so will likely be in the 2854 area by the end of the session.

Full Premarket Video from theartofchart.net – Update on ES, NQ, CL, NG, GC, SI, HG, ZB, KC, SB, CC, ZW, ZC, ZS, DX, EURUSD, USDJPY, USDCAD, AUDUSD:

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Utility Turnaround

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It’s been a crazy, crazy day so far. First we have bonds and equities go into a free-fall together. Then we had equities explode higher because – – well – -that’s the law. Then we had Trump throw a live grenade into the markets with new tariffs and send them into a tailspin again.

For me, my superhero has been my XLU puts. As of yesterday, I was quite distressed about $UTIL but I amplified my position by 50%. We’ll see if that turns out to be a good move, but so far, so good. Here’s the intraday on XLU.

xluintrada (more…)