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.

One Chart That Says It All

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Here’s my chart of the VIX. I’ve put a blue dot at the peak of each spike. One thing is clear: the kind of market I enjoy (panic, mayhem, chaos) is going to be happening with more frequency than in the past, as illustrated by the rounded rectangles.

Times are changing, folks. The forces of evil (Yellen) will succumb to the forces of light and goodness (Slopers). Lay waste to the darkness. There will be blood.

0106-vix

Target Trendlines

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As I suggested in my post yesterday, a weak open snowballed into a bigger move down and my target rising wedge support trendline was almost touched at the low yesterday afternoon. That should be hit today or tomorrow though we might see a bounce first to establish a double bottom. I’m expecting wedge support to hold or to be broken only slightly, but if we see a conviction break then it’s well worth noting that there is a double top setup here that would target the 1851 area on a break below December’s low at 1972. SPX 60min chart:

150106 SPX 60min Rising Wedge and Poss Double Top

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