mmTesla – Page 3 – Slope of Hope with Tim Knight

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.

May 21st, 2013 E-mini Prep Work

By mmTesla - 12 years ago (21, May 2013 6:07:06 AM)

I will keep this post as brief as possible. We are still in an uptrend and no significant news reports are on the schedule today.

Support: 1660.00-1661.25, also keep in my that this zone puts into play the Value Area low at 1662.50

Midpoint: 1665.50-1666.50

Resistance: 1669.75-1670.75

Here is the chart:

Very well defined range coming into today, and if the support level fails the market will want to test 1656.00. If resistance fails.. it would be making a new all time high and every moving average in the book would be up sloping.

May 20th, 2013 E-mini Prep Work

By mmTesla - 12 years ago (20, May 2013 6:10:08 AM)

Coming into today there are several areas worth noting.

First off resistance: 415pm gap fil- 1663.75, Overnight High-1664.50 and Friday’s High- 1665.75

First midpoint Current overnight low- 1659.75, Low volume node from the multi day breakout 1660.25, daily pivot point 1660.75, Value area high- 1661.00 (more…)

May 17th, 2013 E-mini Prep Work

By mmTesla - 12 years ago (17, May 2013 5:34:29 AM)

It has been a pretty wild week, fortunately the ranges have been relatively well defined. Currently the short term daily trend is still to the upside and there is an open profit target at 1666.25.

Resistance for today: Value Area High- 1657.75, Low volume node- 1658.25, yesterday’s high- 1658.75 and ultimately the swing high of 1659.75. (more…)

May 16th, 2013 E-mini Prep Work

By mmTesla - 12 years ago (16, May 2013 8:03:05 AM)

Heading into today, from a market profile standpoint we really only have the last two sessions to look at for guidance. Once again we are heading into a gap down situation and look to be opening within a 3-5pt range which has a 73% probability of filling.

Support: High volume node- 1647.50, Weekly R2 pivot- 1648.00, Low volume node- 1648.50, Value area low- 1649.00

Also note that this was the area of yesterday’s breakout. A long trigger off this level puts the gap fill in play but also is accepting the breakout and lower value which is defined by the VAL and low volume node.

Resistance: Value area high – 1659.00, relatively high volume node at 1659.25 and yday’s high – 1659.75

Here are the charts:

The key levels to pay attention to as the market heads into the middle of yesterday’s range and gap fill level are the overnight low at 1650.00, volume point of control at 1655.00 and the high volume node at 1653.00.

Should be good action today. Keep in mind news at 10am and 1030am EST.

May 15th, 2013 E-mini Prep Work

By mmTesla - 12 years ago (15, May 2013 6:09:13 AM)

The fundamental backdrop coming into today’s session is that back to back trend days only occur 14% of the time. In addition this gap down situation currently is set to open within a 3-5pt range putting the odds of the gap fill at roughly 73%. (more…)