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.

Various Markets; Weekly Views

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It occurs to me that in public writing I tend to bludgeon people with macro fundamentals (like gold vs. positively correlated markets, yield relationships and even confidence in global policy makers), market indicators (VIX, Equity Put/Call, Gold-Silver ratio, Sentiment, Participation, etc.) and other views beneath the surface of things. So much so that I sometimes forget that people might like to see simple nominal charting as a frame of reference.

We update charts like these every week in NFTRH, but I have done relatively few for public review. So here it is, a simple weekly chart update of various markets, with very limited commentary interference from me.

US Stock Market (more…)

Gravity Still An Issue Here

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I was really wondering on Wednesday whether the normal rules for patterns and retracements had been temporarily suspended for this move, but yesterday’s rising wedges broke down and we are seeing retracements now. The minimum target for this move on SPX should be the 23.6% fib retrace at 1902 (tested at the open) and I would normally expect SPX to at least test the 38.2% fib retrace area around 1885. I’m doubtful about SPX getting lower than 1885 but it is a cycle trend day today so in the event that we trend down the other fib retrace targets are in the 1870 and 1856 areas. SPX 15min chart:

160219 SPX 15min Rising Wedge and Fib Targets

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