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.
For the past couple of months, I have been devoting increasing amounts of attention and cash to the development of SlopeTalk. The introduction and testing of this product has caused some confusion, so I wanted to address some of these issues in the laziest way possible, which is via Q&A:
What’s the purpose? – To make the process of communicating with other Slope users easier, more fun, and more interesting.
Will it work on mobile devices? – Not at first. Its first incarnation is space-hungry. For the time being, the best way to use comments is going to remain via the Slope of Hopeapps.
Does the regular style of comments still work? – Yes they do, just as they always have. And they will continue to work indefinitely (perhaps forever) by way of the mobile apps.
When will comments only be available via SlopeTalk? – When the experience of using SlopeTalk is so much better than the present incarnation of comments that it makes sense for the Slope to community to be in one location.
If you prefer to use comments in the same fashion they’ve been here the past seventeen years, they are absolutely there for the foreseeable future. In the meanwhile, those of you using SlopeTalkare encouraged to send me ideas and feedback as we continue to refine it; thank you.
I think a bounce started on Friday. /ES saw three weeks of sideways consolidation between 3800-3900, after breaking back under 3900 in mid-December. I had hoped for a short term thrust lower last week to put in a noticeable short term bottom. That didn’t happen. What we got instead was the 3800 level holding as support. There is very little support at the 3800 level. I see it as a short term phenomenon.
First, let’s take a look at the daily chart of SPY below. Highlighted in red are the three clusters of monthly POCs that I consider to be key levels of support/resistance. Also noted are monthly value high/low for SPY. Value high is at 397.28, and value low is at 376.21. The good news for bears is that under the lows of the past few weeks, there is really no meaningful support for quite some time. For the moment though, I think the bounce needs to be respected until the recent lows give way.