I love these things……………..turn the volume on!
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.
Let the Cross-unders Commence
Behold how the 50/100/200 day exponential moving averages are starting to do their bearish thing:
Tigger Fib
Well, one thing is for sure: the ES sure is respectful of its Fibonacci levels! It has become practically comic (and awfully cool) how the price action is banging between these retracements like a racquetball in a court. The entirety of Sunday and Monday consisted of a plunge to one level, a bounce all the way back up, then a partial drop, and yet another bounce to the same level.
IMHO PMI STFU
Well THAT was a wild day, eh? Anyway………..
Tomorrow morning, the key economic news release an hour before the open is the Purchasing Manager’s Index, which is forecast to be improving. I dunno – – looking at the past few years of this, it seems to me quite cyclic, and my hunch is that it’s softening. We shall soon see.
