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.
Blood Bath & Beyond
Friday The Thirteenth
I mentioned in my post a week ago that on a break back over the daily middle band there were fixed buy signals on the daily and hourly charts that might carry SPX significantly higher and so it was, with SPX hitting 3997 at the high yesterday, and those buy signals have now all made target. I’m looking for signs of a high forming, and there are some signs here.
There is no negative divergence on the daily chart here yet, so I’m thinking we might see a sharp retracement here back into the daily middle band, currently at 3868, then retest the high to set up a possible double top.
(more…)Volatility Puree
Charting the Possibilities
There are obviously thousands of possible outcomes to the equity markets following Thursday morning’s pre-market CPI release, but I wanted to sketch out three of them just to muse on the topic. There’s not a doubt in my mind that Thursday January 12th will be the most important and exciting trading day of the year so far. All three of these charts are of the S&P 500 /ES equity futures market. Here’s the first:
