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.

Falling Wedge on ES

By -

I’m expecting to see a short term high soon, and that might turn out to be a very significant high that will last months. Generally before a significant high we would see equities test the water, as it were, with a first decline before the main high. I suspect strongly that is what we are seeing at the moment, so I’m expecting this move to have limited further downside and to be followed by (probably marginal) new SPX highs in the near future. (more…)