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.

Goldilocks Ends and ‘Currency Wars’ Begin

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Below is a copy of this week’s free eLetter that went out this morning.

Goldilocks Ends & ‘Currency Wars’ Begin

Amid continuing inflationary policy, the US Dollar is at a critical
juncture by both daily and weekly charts.  Euro targets 142+ and the Yen
approaches our target.  Currency war kicks off; gold just sits there
biding time.

From last week’s eLetter:

“A Goldilocks atmosphere was expertly created in large part due
to the fact that Operation Twist (yes, we are still dealing with its
effects) by its very definition held long-term interest rates down
(buying long-term T bonds) while sopping up any money supply
implications and inflationary signals by sanitizing the process with the
sales of equal amounts of short-term bonds.”

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Another Retracement Setup (by Springheel Jack)

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Yesterday went pretty much as I'd hoped on ES. The low was a test of 1491 area support, and the high was at the ideal right shoulder high in the 1500 area, holding under the  50 HMA on an hourly close basis. The quality of the H&S forming on ES is still looking pretty good, albeit that ES is now trading back above the 50 HMA, and this bear setup has a decent shot as long as ES can stay under 1500. The H&S target in the 1476 area is also an excellent fit with a test of the SPX daily middle bollinger band in the 1480 area:

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