Slope of Hope Blog Posts

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Wheat from Chaff

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This week didn’t provide any clarity on market direction. In some portions, like tech, it certainly seemed like things were starting to breakdown, but the Huge Rally For No Particular Reason At All in the last hour of Friday really muddied the waters. Even so, below are some ETFs that I think still provide some clarity with respect to what lies ahead.

slopechart EEM
An otherwise perfect H&S pattern was sullied by Friday’s activity, but this could still work out. It really should stay beneath that price gap, which is where I’ve anchored the horizontal line, however.