There was some serious screwing-around going on yesterday with EWZ:
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.
Life On Mars
In my post yesterday I was saying that I was expecting SPX to make a low above the 6026 level and the low yesterday was at 6029.89. I was expecting this to be a bullish consolidation and the low established a perfect bull flag channel which broke up with a target at a retest of the all time high at 6099.97. SPX is most of the way to that target.
(more…)Watching The Solana Bull Flag
In my last post on Monday I was looking at the possibility that a bull flag channel might well be forming on Solana, and that delivered beautifully. Not everyone saw the post of course as you can see from a tweet I saw last night:
Solana (SOLUSD) reached the daily 3sd lower band, often a good area to look for a reversal, tested that twice and has rejected higher. Key resistance remains at the daily middle band, currently at 236, which has held as resistance at the close each day for the last ten days. That needs to be broken and converted to support to clear the path for Solana to retest the all time high.
(more…)A Pause For Breath
In my premarket video yesterday morning I was looking at the large number of short term sell signs across the equity indices and making the case for a modest retracement before going higher. We’ve seen that modest retracement and might go a bit lower, but a reversal back up directly from here may be seen instead.
There were three short term patterns on US indices that I was looking at yesterday morning, including double tops on SPX and Dow.
On SPX the double top has reached the minimum target, with the extended target a little lower at 6044.
(more…)Crucial Levels!
Tomorrow morning, an hour before the opening bell, we get the first post-election CPI report. The laughable projection is that inflation is meekly ambling along at 2.7% (which explains why every month my credit card bill is way into the quadruple digits), but it’ll be interesting to see if the government actually produces something closer to reality like, oh, say, 15%. Here’s what we’re supposed to believe:
