Before the market opened, I was watching the /ES level 4440 (pretty damned unlucky value in Chinese culture there……….) as the face-off point.
The Latest Magical Line
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.
Bear Necessities
Unfortunately the week has become dominated by the news relating to the possible imminent invasion of Ukraine by Russia. At the time of writing there has been no invasion, and the consensus view this morning seems to be that there is no credible sign that Russia is backing down yet either. We’ll see, but news could move this tape a long way in either direction.
At the close yesterday SPX closed slightly back over the daily middle band, currently at 4465. Only a slight break, more of a close on the band than over it, but a follow through today would open a possible test of the monthly pivot at 4519.
(more…)Layers – Beta Release of New Feature!
This is a monster new feature. Please watch this video:
The Tesla Transition
Futurama
It’s big picture time! Here are nine important futures markets with many decades of data:
