Shields up on the Starship Enterprise (via Laser Fire Creations).
(more…)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.
Out, Damned Spot!
Having lost nearly 50% of its value, Spotify is about to complete a gargantuan top and looks headed for much worse times ahead.
COIN Completes Its Base
As bad an IPO as this was, Coinbase (COIN) seems to have turned the corner nicely.
Scallops
If you’ve watched my tastytrade show, you may recall I’ve mentioned BioNtech (BNTX) numerous times because of its bullish “scallops” pattern.
What If … We See SPX Retest 3800
Everything is in the groove from my post yesterday. NDX and ESTX50 made new all time highs yesterday. SPX and Dow made new all time highs today, RUT retested the August high today, making the second high of a possible double top. Only DAX looks slightly short of a new all time high but that may well be made too on Monday.
I had a look at all of these in my premarket video at theartofchart.net this morning and posted that on my twitter. If you missed that and would like to see it, you can see that here.
Obviously there is a chance that everything breaks up further here, so I’m carefully watching the well established resistance trendlines on SPX and NDX. The SPX wedge resistance trendline is currently in the 4450-5 area.
SPX 60min chart:
(more…)