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.

Looking For Retracement Low

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Everything that I was looking at on Wednesday has delivered except that SPX has not quite yet reached the H&S target at 2720. The daily RSI 5/NYMO sell signal fixed and reached target, the hourly sell signals on SPX and RUT both made target, and while SPX might need another marginal lower low to reached that 2720 target, this is the right area to see this retracement low, and it could already be in. So what now?

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Chinese Take-Out

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I guess the “Always Up On Friday” rule finally got broken. As you may know, every single Friday – every one, without exception – has been a gainer for the entirety of this year. And yes, I know, it’s only the start of the day. Still, I’ve got a feeling we might just see red. Over the span of just a few hours:

  1. The Chinese stock market crashed, making fools of the Chinese citizens who sheepishly followed their government’s demands to buy equities on credit;
  2. The fabled March 27th signing of a big juicy trade deal has apparently fallen to pieces;
  3. The jobs report came out which, even with the completely pulled-from-the-sky optimism that the BLS engages is, completely fell flat, about 90% below expectations.
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