Before the market opened, I had pointed the diamond topping pattern out in the NQ:
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.
Tremendous AAPL Victory!
I work hard to provide superb value for my beloved paying members, particularly the highest echelon of Gold and Platinum. On Friday, just two trading days ago, I opened up the kimono a bit wider and did a post called Two Major Tech Gaps for ALL my paying members. The relevant snippet is shown here from the original post;
A Well-Running Morning
I’m just delighted at my positions. They are cruising along magnificently, and with the /RTY down 1.75%, I feel like the portfolio is truly firing on all cylinders. My superstar, which I’ve mentioned endlessly (and originally to my cherish Gold/Platinum members) is XLU, which is spot-on perfect. The only wart on my morning was a dead computer, which I’ve managed to repair (yay, me!) although it’s making too much fan noise (boo, me). Onward.
Tesla Toldyaso
I mentioned the tremendous importance of the THREE Fibonacci levels with respect to Tesla and their power as resistance. So, yeah, pretty much………..and keep in mind this is on a day when the /ES is up!
The Tech Double Top
Unlike the /ES futures, the /NQ futures don’t have the benefit of a nearby Fibonacci to provide a sensible support/resistance level. Therefore, a few days ago, I laid down a horizontal line anchored to the most recent price peak. It seems to have pushed its way back to that level before selling off.
