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.
Further to my last post on the SPX:VIX ratio, price is still consolidating and we’re awaiting a break one way or the other (above 180.00 or below 110.00).
Meanwhile, volatile swings continue, pushing down record-high Momentum levels…a drop below the zero level (see Weekly chart below) could see a break of this weekly uptrend begin to the downside (around the 110.00 price level). However, we may see a retest of the 130.00 level on the pretext of a major breakdown followed by a surge in price action. (more…)
Looks like Asia is about to break out. Two nice ETF’s