Just a few days ago, the small caps (by way of IWM) got heart-stoppingly close to busting above a long-term resistance line. Mercifully, the trendline did its job well and repelled the price action.(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.
I offer you greetings, once again, from the empty, eerie parking garage of the Stanford Shopping Center. Once the bustling destination for vapid trophy wives and desperately insecure men, this shrine to consumerism has been unsullied by human feet for half a year, except those of myself and the inhuman feet of my dog pack.
As many decades as I’ve been doing this charting nonsense, I still marvel at the simple beauty of things such as role reversal. Support becomes resistance. Resistance becomes support. See see that here with the /RTY, which gave the horizontal line which I drew long ago the kind of respect it deserves.(more…)