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.

The Bubble No One Talks About

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What is it?  The MEDIA BUBBLE!

Seriously, who has time to check out all available sources of news these days? And, where do you start? Who do you trust for fair and accurate information?

Middle-class working folks are too busy trying to earn a living and create a healthy and balanced life for their families to worry about who is saying what and try to figure out who’s relaying true facts.

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Knife Fight at 2150

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Just a quick post today as I’m not feeling well and my ability to multitask declines sharply when I’m feeling under the weather. I’ve mainly been calling the turns on the epic knife fight at 2150 today and if you aren’t following my twitter you’ll have missed that. I’m going to just use the SPX 5min chart today as it shows the short term inflection point here clearly. Price needs to pick the direction, this pattern favors the bulls 70/30 but bears could still break this down.

The pattern from the close before the election on SPX was a rising channel that broke down with a possible double top setup that had a higher risk that usual of developing into a bull flag because the second high was lower. With the intraday low today a perfect triangle has been established that in this context would normally be a bull pennant looking for a retest of the rally high. If bears can’t break triangle support and deliver the 30% option, that’s very likely exactly what this is. If we do see that rally high retest I’d be looking for that on Monday and would be expecting that to likely be the second high of a double top.

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