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.

So Here We Are

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In my last post on Monday 10th Feb I was looking at the bull flag setups on SPX and QQQ and the historically bullish lean into yesterday and projecting that we might well see retests of the all time highs in that bullish window. We saw that all time high retest on QQQ on Friday and on SPX yesterday. So what now?

Well we now have impressive topping patterns on SPX and QQQ and a bearish window has started that runs through to the end of February, with notably bearish leaning days on Thursday and Friday this week, Monday 24th Feb and Friday 28th Feb. We will see how that develops.

On SPX the bullish setup I was looking at last week was a bull flag megaphone and that delivered a very marginal new all time high yesterday. The bearish pattern setup here is now a possible nested double top.

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War? UNH! What’s It Good For?

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A Bear Call Spread in Action

Three weeks ago, I highlighted a trade setup inspired by Tim’s post, “War? UNH! What’s It Good For?” Tim identified a potential bearish opportunity in United Healthcare (UNH), and I followed up with post stating an alternative way to take advantage of te set-up using a high-probability, risk-defined trade to capitalize on the setup.

Fast forward to today, and we can successfully close that position for a gain just shy of 20%. A tidy profit in three weeks time. But markets, much like history, have a way of repeating themselves, and a similar opportunity may be setting up once again.

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