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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.
Tesla’s Big Day
As we ramp up into the meat of earnings season, the big event this afternoon will be Tesla (TSLA) which has been a “must see” event for years, but particularly this time since it’s the first quarter that its CEO has been fully drenched in national politics (largely, I think we’d agreement, to the detriment of the company).
Sunday Sealant
All the excitement and fun of Sunday/Monday plunge has been eradicated. It looks like /ES and /NQ, respectively shown below, are on a mission to seal their Sunday gaps, marked with the blue horizontals.
Flagging Markets
In my last post on Thursday I was projecting a possible path for US indices if we are going to see decent quality bear flags form on this rally, and initially they were going to need to go down, which they have. They overshot my target trendline options at the lows yesterday, but that’s fine, as long as they turn back up in this area or not too far below into new highs for this rally.
On the SPX chart the current low could make a very decent support trendline and, if we see a next leg up start towards a new rally high, the ideal target would be the resistance trendline currently in the 5590 area. Possible resistance on the way at declining resistance from the high, currently in the 5500 area. A 15min RSI 14 buy signal has fixed.
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