With the entire nation in a state of unchecked pandemonium, one sector doing particularly well is weapons. Here are four of them, with the best-formed pattern being the one I’ve mentioned repeatedly this year, Axon.(more…)
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.
Bears Since March 23rd
I anticipate June being a month with opportunities for both bulls and bears. More specifically, I am looking for a possible 7-10% correction on $SPY at some point over the next 2-3 weeks.
The June $SPY chart is shown below.
May POC: 282.28
Value High: 296.79
Value Low: 279.46
Not shown on the chart is a Nov /ES POC at 3083. If we see any strength in $SPY to start the month, one interesting setup would be a failed breakout of /ES 3083.(more…)