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.
Swing For the Fences—Without Blowing Up
The Week Wraps
This action-packed week looks like it will be ending not with bang, but a whimper. Pre-open, the equity futures are a mix of red and green, mostly by a few hundredths of a percent, with the /NQ becoming increasingly quiet.
FWIW IMHO STFU
Although at this point, I’m not sure ANYTHING matters anymore!
Watching The Wedges
In my post on Tuesday 5th August I was looking at the modest breaks back over the daily middle bands on SPX and QQQ on the previous day and noting that conversion of those to support would open possible all time high retests, and hard fails there would strongly support the H&S patterns forming on both.
In my post on Thursday 7th August I was saying the same about the second breaks on SPX and QQQ above those daily middle bands on Wednesday and looking at the three strong resistance trendlines on SPX, QQQ and DIA in the event that SPX and QQQ delivered those all time high retests.
In my last post yesterday I was updating the situation with the trendline resistance levels on US indices and noting a short term inflection point as we waited to see whether DIA would confirm the break back over the daily middle band on Tuesday. That has now resolved into a strong break higher on DIA.
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