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.
It’s Finally Broken
During yesterday’s momentous 2000+ point breakdown, I forgot to mention yet another fact that cements this new Bear Market into reality. The DIA trendline is broken. I’m not talking about some intermediate term line. I’m talking about the biggest of the big. Today’s rally did a gorgeous job pushing us right back to the price gap.
I’ll Level With Ya
Another crazy day in the market. Over the past couple of weeks, how many quadruple-point days have we had on the Dow? Five? More? I’ve lost track.
Anyway, here are the key levels on the ES contract:
Two Megacap Bounce Targets
Perfect AAPL Gap Fill
Gap Glance
The announcement from the Fed members, who must have the easiest job on the face of the Earth, is out (“no change, we’ll keep an eye on things, you betcha“) and the response is……….muted. Regardez vous sil vous plait
The Gaps Remaining
I offer below a quartet of important index charts, each of which has a price gap well worth watching (the gap itself is shown in the black rectangle within each chart). Interestingly (almost to the point of impossibility), the last one, the broker/dealer index, isn’t even a gap I drew. It is instead a Fibonacci retracement line, which nailed the price gap literally to an accuracy of one penny.
