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.
Critical Time Ahead (by BBFinance)
The futures are down big time. With the markets showing weakness already, is this the infliction point we have been waiting for all these days? I somehow think this is not yet the time even when the market goes down on coming Monday. The following is SPX weekly chart.
That Knight Kid is Firing Rockets Again…….
Sitting on the Edge of the Precipice (by Closing Basis)
Cast your eyes upon these charts showing triple EMA crossovers (5, 10, and 20) of the VIX when below 18 and try not to get joyfully misty-eyed. Looking back to 2003, it has been fairly consistent, but should be confirmed by a support break on the index.
5% down is 1349
10% down is 1278
Interestingly enough, a few places in that range show a good possibility of putting in a floor. Looking back, I see a lot of corrections cap out around 7-8%. I think we've got very decent chances of seeing 1340 SPX. If that fails, then 1300.
IF we can break 1370, that is…
