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.

Battle 2947

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It’s pretty evident where the battle line is drawn right now: 2947 on the ES. We had a little reversal pattern above this line, and then after tumbling away, the market stalled out just below this level (magenta tint). And then, during this morning, as we were selling off, the market slammed the brakes on hard when it got to this level and is bouncing up. We continue to await the Fed at 11:00 a.m. PST!