At first glance, it might seem just plain annoying that the equity markets have spent most of the night fighting their way higher.
A Promising Pattern
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.
Can a Top Be So Low?
Below is Unity Software (symbol U) which is sporting one of the cleanest head and shoulders tops I’ve ever seen in my life. The problem is that it’s at a lifetime low! Still, I think this will presage much lower prices.
Chart Gives Head and Shoulders
I have been surprised that the anonymous gay sex app Grndr has stayed as firm as it has since its initial public offering, when it was suddenly thrust into the financial markets. Its price action has been volatile during its ascent, pulling in, out, in, and out again, over many months, but it seems to me that a reversal pattern might have formed, creating a tension which, if released, will create a gross mess that no one will want to clean up.
Transports Ready to Dive
The head & shoulders top is complete. Here is IYT:
Below the Midline
Here is the Dow Utility ETF, symbol XLU, whose explosive rally over the past few months have put it just below the dashed line.
