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.
Ever since the regular session close on Thursday, I’ve been glancing at the ES and NQ from time to time. It’s been an absolute madhouse. Up double digits. Down double digits. Whipping all around like crazy. The bizarre thing is that all the relevant parties are asleep, so I have no idea what the algos think they are trading.
Anyway, I marked up a few big cash indexes with two levels each: one, in green, shows the level which, if crossed, puts the bulls back in the driver’s seat; and two, the magenta level which, if broken, affirms bearish control of the market. This week has already been insane, and Friday could be the craziest day of them all.
Before I began, I want to lay a bit of public radio-flavored guilt on you. If you are on Slope regularly, and you are not a paying subscriber, I encourage you to get a premium account, even the inexpensive Bronze level, to support the time and expense that goes into this site. To be honest, it’s the decent thing to do, and I would appreciate it. Thank you.