On Friday, the first SlopeRules alerts started tumbling out of our servers, and I was delighted to get mine.

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On Friday, the first SlopeRules alerts started tumbling out of our servers, and I was delighted to get mine.
I was making the argument before the open this morning that equity indices were so close to obvious resistance on NQ, RTY, DAX and ESTX50, that ES might well deliver a lower high this morning and fail hard there. So far that has delivered though this morning’s high might need a retest.
Premarket Video from theartofchart.net – Update on ES, NQ, RTY, DAX, ESTX50, SPX, NDX, RUT, CL, NG, GC, SI, HG, ZB, DX:
There’s a lot of talk today about Tesla – even more than usual – because of the Big Conference Call everyone was so excited about last night. Well, it turned out to be a nothing-burger with cheese on it, since all they said was that they were lowering prices (again) and would be going all online. The stock, has you can see, has been just wheezing along for years now:
Up a little. Down a little. Up. Down. Round and around. Just look at the week below. We are where we began. Kind of a grind, ain’t it?