The first thing to say today is that there are some signals here that we may have just put in a very major top, and may now be starting a dramatic fall on equities. There is a potential double-top on SPX targeting the 770 area, a potential H&S forming on EEM that would target a similar scale of decline, a strong Dow Theory divergence that we've been seeing between Dow and TRAN in recent weeks that is characteristic of major market tops and bottoms, and a monster falling wedge on Vix that technically targets the 46 area, though falling wedge targets are missed more often than not. Added to that are the strong negative divergences between SPX and Copper / EEM, and the strongly bullish overall setups on USD and bonds. Levels of bullish sentiment recently are also characteristic of market tops. This is the sort of setup that would make a market crash here obvious in hindsight. 🙂
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.
