I’m in the throes of moving house at the moment and am struggling to get posts out so there may be just one a week or so until I’ve finished in three or four weeks. It looks like I may actually need to take a whole week off at the end of the month which would be the kind of holiday where I do no charting at all for a full week. That would be the first time in a long long time but might be a good thing, even if I’m not really a holiday person.
(more…)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.
Strange Days
My apologies for this being the first post this week. I’m moving very soon and am very busy with that.
As of the close yesterday the bear setup here to get SPX back to double falling channel support in the 3340 area was looking very nice indeed. The smaller falling channel wasn’t broken by the last bounce, and at the close yesterday another Three Day Rule signal fixed looking for a retest of the last low at 3698.15 before any retest of the last high at 3911.75. Now the last Three Day Rule failed, but as that was the only fail of likely over 150 of these signals fixed since the start of 2007, I was thinking that it would likely be a long while before the next fail.
(more…)The Road To 3340 SPX
As of Friday’s close our Follow The Leader service at theartofchart.net was up 168% year to date with 90% winners so far. This is an autotrading service in partnership with GFF Brokers, official broker for the World Cup Advisor Auto Trade programs. This is included in our Daily Video Service and if you’re interested in that you can find out more about that here, and you can try a 30 day free trial at theartofchart.net here.
We are hoping to hit 200% on this by the end of the year at which point, on the minimum account size of $25k for this, the profits of $50k this year would repay our most expensive membership option, Trader Triple Play Annual membership at $2,490k per year, slightly more than twenty times over, not accounting for taxes of course.
(more…)Testing The Weekly Middle Band
As of Friday’s close our Follow The Leader service at theartofchart.net was up 168% year to date with 90% winners so far. This is an autotrading service in partnership with GFF Brokers, official broker for the World Cup Advisor Auto Trade programs. This is included in our Daily Video Service and if you’re interested in that you can find out more about that here, and you can try a 30 day free trial at theartofchart.net here.
We are hoping to hit 200% on this by the end of the year at which point, on the minimum account size of $25k for this, the profits of $50k this year would repay our most expensive membership option, Trader Triple Play Annual membership at $2,490k per year, slightly more than twenty times over, not accounting for taxes of course.
(more…)Short Term High …. Perhaps More
I posted the chart below on my personal twitter yesterday morning with the comment that a retracement was likely and that a possible rally high was being made.
I was looking at the perfect hit of the ideal possible rising wedge resistance trendline for this move and the very large amount of negative divergence on the hourly and 15 minute charts.
A higher high was then made that overthrew the wedge slightly and improved the hourly negative divergence further, and since then we have seen a modest retracement which looks likely to go further.
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