2023 remains the walled garden of equity bulls. The /ES futures basically park themselves for a few hours, barely moving at all, and then once the regular cash market opens, it’s off to the races.
Park and Push
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 Industrials Have Launched
Yet another nail in the bearish coffin: The Dow 30 Industrials have completed an inverted H&S Pattern.
Bounce or Break?
Earnings season is in full swing now, with a bunch of banks reporting pre-market today. Many of them were weak, such as Morgan Stanley (below) whose early action was described by ZH as “…slides as sales & trading disappoint.” Well, the “disappointment” was only felt by the bears, as every single bank (for no particular reason at all) rocketed higher at the opening bell and never looked back.
