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.

SPX:VIX Ratio Consolidating at Record High Levels

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Since my post of June 8th (wherein I noted that the SPX:VIX ratio had overshot its technical resistance limit, and price and Momentum had reached all-time record highs), price has been fluctuating, primarily above the 150.00 level, currently near-term support, as shown on the following 20-year Weekly ratio chart.

As long as price remains above 150.00 I’d say that buying will re-enter the SPX and push price even higher on this ratio. We’ll see whether Momentum confirms, if such a scenario occurs…and, if it signals support for any sustained buying above resistance at 180.00. (more…)