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.

Before He Was President

By -

Years before he announced his candidacy in 2015, Donald Trump was the honoree (if you want to call him that) of a Comedy Central Roast. I’m not sure how many years ago it was, but whenever it was, Trump was already saying he wanted to run for President, and the comedians spent a lot of time poking fun at that prospect. (Little did they know……..) Here’s one of them, Jeff Ross, and there are shots of Melania and Ivanka in the audience as well.

Unfinished Business

By -

Yesterday was one of the lowest volume days of the year, and today was not an exciting day. This isn’t unusual just before a holiday weekend, though it’s rare to see much slowdown before Thursday. Yesterday I mentioned two levels that were unfinished business that might well need to be completed on NQ and TF. The unfinished business on TF was the test of the IHS target and monthly pivot at 1386, and that was hit this morning. The unfinished business on NQ was at the full retest of the all time high at 2427, and that was hit at the high this afternoon. I now have no open pattern targets above, apart from a weak possible alternate IHS target on NQ at 2746.

The obvious next move here is a reversal back down. The setup is all there and if this was a bullish setup I’d be taking out a second mortgage on the farm to add to my longs. As a bearish setup I like it a lot, but is obviously reliant on the bears showing us something to show they are still with us in more than spirit. (more…)