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.
It’s Just One Wafer Thin Mint Monsieur
SPX retested the ATH as expected yesterday, but made a marginal lower high, as did NDX, which I wasn’t expecting. An acceptable double top setup has formed, and if we now see a daily closing break break below the daily middle band, currently at 2178, then this swing high is likely in.
Black Bars Matter
Here’s something we haven’t seen in weeks………..a couple of proximal down-days in crude oil! Weeks ago, crude was a reliable down-every-day market, but it turned into an up-every-day market. Looks like some of the wood is starting to splinter in this rumor-fueled rally.
Triangle Breakdown Continues
Well, that spiffy little symetric triangle I discovered on gold turns out to be reasonably important. We continue to weaken on gold (and, consequently, miners). Here’s the front month:
