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.

Support Areas (by Springheel Jack)

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ES made a high yesterday with some negative 60min RSI divergence and that high was within the range for a decent double-top. The double-top target is at 1460. ES is rallying at the moment but it looks like a bear flag and I'm assuming more downside soon. There is no positive divergence on the 60min RSI to warn of any low and there's no reason to think that the double-top won't play out further. First resistance in the 1495 area at the double-top valley low and on a break above the 50 HMA is at 1503.75:


30.2 Yield Curve and Gold

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If the top part of this chart looks bullish to you, then the stock
market and a sense that all is well in the financial system should not
look bullish to you.  The next crisis would be indicated by the long
‘bowl’ shown on the chart turning up hard.  Although right now, it just
continues to gently round upward, above a supportive moving average.

30 yr / 2 yr US Treasury spread w/ gold

Gold, now squarely a ‘risk off’ investment, should follow the curve
ultimately.  Over the last 1.5+ years gold has shaken out the herd and
people who counterfeit official money have drawn that herd right back
into ‘risk on’.

It will errr, not end well.