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.
The Bear Flags Broke Down
The bear flag megaphone on SPX hadn’t broken down at the close last night but is very likely to at the open this morning. Overnight ES has already tested and slightly exceeded the August low at 1804.25. The downtrend has resumed. SPX 60min chart:
Resistible Force vs Movable Object
I hope everyone had a great holiday. I did and am returning to work today relaxed and well rested, though there is still a bit of post-holiday tidying to do in my house before guests arrive tomorrow.
My Dream W.A.G.
I am typing this hours before GLOBEX opens on Sunday, so I continue to have no clue what kind of follow-through (if any) will exist from Friday’s selling. My dumb guess for this week (or hope, at least) is to wrap up the selling Monday/Tuesday, get the Fed announcement, rally firmly until the year is almost over, and then start slipping again to begin what promises to be a really amazing 2016. I remain only in short positions, but half as committed as I was Friday morning, and I intend to trim with gusto before Yellen and her bizarre voice commences Wednesday.
