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.
Geopolitical Risks
Well we finally got the retracement I was looking for. It was shallow at 23.6% but the 1990 low established the rising channel from 1904 that I had been mentioning as a possibility since last week. Hopefully everyone saw that when I posted it on twitter after the low. There is still a possibility that a double top is forming at a test of the current highs, but I’m expecting another push up first. I think the next significant retracement will most likely be a significant high, or start the topping process for such a high. SPX 60min chart:
