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.

Droning On and On

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I gave my son a drone for his birthday, but my ulterior motive, of course, was to have some fun with it myself. I deliberately bought a drone with a built-in camera (some of them simply have a mount for a GoPro), and below is one of the first videos I’ve done.

There’s no audio (which would be little more than wind noise anyway) and I didn’t get to add any highlights or captions, but it’s still mildly-interesting, and some folks asked me to post a drone video, so…here ya go! (This was flown, by the way, at Shoreline Park in Mountain View, which is adjacent to the sprawling Google campus).

Bonus: at the 3:20 mark, you can see a little dot, which is a jeep, rushing over so its occupant, whom we call Ranger Rick, could tell us to stop flying our freakin’ drone.

Triangle Breaks Down

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Bears had a solid day yesterday, breaking and closing below the 50 day MA, 50 day EMA and triangle support. Broken triangle support was perfectly retested and held. The full triangle target is in the 1972 area, and if SPX fails to get back over 2000 today, then I have a flag target there as well.

Important support levels on the way to that target are the daily lower and weekly middle bands at 2087-9, and the 100 day MA and rising wedge support from 2045 in the 2083-6 range. If SPX is going to fail to make the triangle target, then I would expect the fail to be at the rising wedge support in the 2085 area, and if SPX should touch and reverse there, then SPX could well retest the highs and perhaps make a slightly higher all time high within that rising wedge. If the rising wedge support breaks, then that opens up the full triangle target in the 2072/3 area,. SPX 15min chart:

150605 SPX 15min Triangle Breaking Down