Below are ten ETF charts with crucial gap levels (that is to say, resistance levels) highlighted. The first three are visible to everyone, and the other seven are visible to all paying members.
Key ETF Gaps to Watch
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.
The 78.6% Fibonacci
A tip o’ the paw to premium member pduncanj, who was kind enough to point out something to us that I hadn’t realized: today’s SPY peak matched with astonishing perfection the Fibonacci retracement (78.6%) going all the way back to the Halloween bottom. Here’s the daily chart:
Trading The Market Rotation
Hot Coffee
One of my Internet heroes is Coffeezilla, who is a truth-seeker sniffing out financial fraud. He has a terrific show, and here he proudly announces that the SEC has finally nailed a criminal which Coffee was talking about three freakin’ years ago. Sooner or later, even the government sits up and takes notice.
Winding Roads
My post yesterday was close to the rally high so far and all the bear flags I showed broke down shortly afterwards and continued down the rest of the day.
Now on a break down from a bear flag the target is the retest of the prior low, but there are other options, notably when the flag that has broke down is just the first leg of a larger bear flag that is still forming, so I’ll talk about that today.
On SPX there was a strong break of the bear flag yesterday, 5min RSI 14 buy signals fixed near the lows on all of SPX, NDX, IWM and Dow, and played out this morning. A weak 5min RSI 14 sell signal has now fixed on SPX and it may be that the indices will turn back down here into the retest of Monday’s lows.
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