Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
As difficult as it was to have ProphetCharts disappear on me (along with the countless trendlines, channels, and studies I had laid upon the thousands of charts within in), the silver lining I recognized was this: it forced me to start over again, revealing with fresh eyes what was going on in the markets. I mean, let’s face it, equities in the U.S. pretty much look like this:
The highlight of last week for me was energy’s breakdown (well, the real highlight was the launch of SlopeCharts, but the trading highlight was energy). Looking at the USO chart, you can see the clean break. I consider it plausible that crude oil will see the upper 30s before a meaningful reversal.