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.
Could Silver Surge?
Although it flies in the face of my bearishness on the Euro and miners, it seems to me silver might – – and I say again, might – – be shaping up as a pretty amazing inverted head and shoulders pattern.
The pattern isn't done yet; we're just coming off the base of the right shoulder; but this could be an interesting long with a stop set at the low point of the right shoulder. Below is the 2x ultra-bullish silver ETF.
What the NQ Seems to be Whispering
Moment of Truth (by Springheel Jack)
A string of important support trendlines on equities were hit at the lows yesterday. On SPX the support trendline from the Dec 19 low was tested. That may be the lower trendline of a rising wedge but the upper trendline lacks a third touch to confirm it:
On NDX there is a definite though rather attenuated rising wedge and that hit support from Dec 19 too:
April 4th Sector Update
Today's Sector Summary, courtesy of www.StockCharts.com.
This week's percentage drops on these Sectors, so far:
Update on the Weekly market update charts for YM, ES, NQ & TF. YM and TF are well outside (below) their uptrending weekly channel…all 4 e-mini futures indices are now threatening to break below recent support (important levels).
