Below are two very different projects. The first, Tesla, is a stock I think is in horrendous trouble. Over the course of 2024, I believe it is at risk of moving into that yellow zone, revisiting the range of 2022.
Bust and Boom
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.
Bottom Line
In my review of the index charts last night, it was clear that Tuesday’s lows had accomplished only one thing: to verify the importance of the supporting trendlines. In chart after chart, support was challenged and held.
S&P 100 Channel
Could this be the start of something bigger?
A Pair of Diamonds
Just wanted to follow up on these two charts, which I had pointed out weeks earlier as bearish-looking diamond patterns. Nice to see them work out, finally!
Wrangling the Ranges
Let’s look at two ETFs with something important in common: their sinewaves. More specifically, the upper and lower extremes of these patterns, which by definition are a range. The first is the small caps fund, IWM, which has been range-bound for about two years, and today came THIS close (but not quite!) to breaking above its highest level, which remains set at March 29, 2022.
