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.
This market is marvelously exhausting. I’m already resenting the weekend ahead, since it’ll create a break in the festivities. Can you imagine if Juneteenth was coming up? The past three days feel like thirty, and the only sad thing is that – – as Colonel Kilgore assured us – – someday this war’s gonna end.
In the meantime, though, the bombs are dropping, and Slope’s 20 years have proved one thing: when the market gets battered, Slope gets popular. It’s only just beginning……….
I was mentioning on Monday that the declines on DAX & Nikkei this week looked very interesting and I’ll show you why that was after I go through the short term setup on US equity indices.
I’m looking at those on the 5min charts today as the pattern setups are clearest there, and there is a strong common theme of bear flags forming on those charts.
First on SPX where the rally from Monday’s low has retraced a little under 50% of the decline, there is no obvious reversal pattern to take SPX higher, and the move so far looks very much like a bear flag is forming.
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