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.

A Moment Of Truth

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I’ve been looking at the resistance trendlines on ES and SPX over my last few posts, and the scenario I was looking at in my post on Friday 6th August that we may be seeing the start of a retracement here that could deliver a 3800 area retest. I was saying that we might well see more highs before that main move started and we’ve seen that.

One resistance trendline that I wasn’t looking at was the rising wedge resistance trendline that has developed over recent weeks and ES is testing that too. Possible daily RSI 5 sell signals are now brewing on ES, SPX and NDX.

ES Sep daily chart:

ES Sep Daily
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Val

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Documentaries have long been a favorite form of entertainment for me, and I’d like to strongly recommend one to you that I just watched last night. It is about Val Kilmer, and any of you who have Amazon Prime already have free access to it.

Most of us remember Val from the dozens of movies he made in the 1980s and 1990s. He was famous for his mercurial temper as well as his ridiculous good looks:

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