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.
Apologies for the long delay between posts. My wife has been having a serious health issue including some surgery so I have been very distracted.
In my last post I was looking for another high retest, and we have seen that, with a push this week into the psychologically important 3000 area after the close on Friday. So what now? Well the next high window slipped back from late June into the middle of next week, and we are looking for a significant high, and very possibly the 2019 high, to form in this area. In the short term I’m expecting SPX to test the new ATH on ES and I have a high quality possible rising wedge trendline currently in the 3005-10 area which would be a solid match with that.(more…)
A couple weeks ago, I suggested that recent IPO LYFT might be shaping up as a nice bullish play. Well, it was a nice little saucer pattern, but it’s broken the pattern and is now just a mess. I made a minuscule profit on it, maybe enough for a cafe latte, but I wouldn’t touch it in either direction now.(more…)