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.

EUR/USD – from Hero to Goat (by Piker Trader)

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Yesterday's price action was lot of bark and not to much bite.  After opening up 3 points on SPY and 30 on ES  the bulls failed to grab any momentum and they let the market drift lower before the PPT or whoever came in and pushed the market up. 

Once again the market was lead by some B.S Europe bailout rumor.  This sent the EUR/USD shooting up on Sunday night and everything followed through after it. But just like all the other rumor fake outs this one was short-lived. The length of these bailout rumor rallies have been getting shorter and shorter.

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Need Confirmation Today (by Heavenskrow)

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So most of the neutral charts I showed over the weekend started off bullish. They held those weekly lows and started with a bang…. Some indexes such as Euronext Brussels has closed over major resistance …although we need tomorrow to confirm it. Some indicies have also signaled daily buy signals such as the AEX-Index.

Whats interesting is the 30yr, evil index, and atomic all have retested major support and held as well. A break down below these supports would confirm the bullish tape but until it breaks down below…be careful.

First the 30yr Treasuries. As shown on the intraday update we opened on support so it was obvious to cover TMV. It is currently sitting on support. The RSI is telling me to be a little careful however.

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US Dollar Breaks Rising Support (by Springheel Jack)

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I was talking yesterday morning about the very strong rally setup that might develop if USD futures (DX) broke rising support and we've seen that happen overnight. I've talked before about the relationship between USD and equities on moves, and commented that when they are in short-term sync, with equities falling and USD rising strongly, or vice-versa, then that's when we tend to see the fastest moves. That may well be what we are looking happening this week.

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