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.

Break And Rejection

By -

Note from Tim: I woke up inexcusably late (6 a.m.) and was flabbergasted and absolutely stunned to see futures all red, at least for the moment. So this is what a bear market feels like, eh? I thought so. Anyway, I’m going to get off stage and let Jack to the talking, since I’ve got bulls to slay.

I was saying yesterday that if there is a rejection on the day after a break back up over a middle band, it is generally on the next candle, and we saw that yesterday. I also said that after a rejection there is generally a follow-through to the downside, and we’ve been seeing that on ES overnight so far.