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.

Miners Bollinger Bounce

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Well, I still feel like crap, but the show must go on! So I wanted to get a post out there. Miners have been in a free-fall for a couple of years, but there are occasions when they are primed for a bounce. I think this is one of those times. You can see the “Bollinger Band Crash” below with the gold bugs index. I don’t think “the” bottom is in, but a nice bounce could be at hand. (more…)

Possible Retracement Low

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I posted a chart on twitter yesterday showing the intraday low, and showing that it was a possible retracement low as it was both a test of broken rising wedge resistance (target 1965 area) and very close to a 38.2% fib retracement of the move up since November. Since then a bounce on ES has been trying to get established. Here is that chart that I posted intraday yesterday. SPX daily chart: (more…)