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.
I continue to hope my reluctance to re-enter crypto (based on my steadfast declaration that we’ll bottom at $21,000 on Bitcoin) is not misguided. It will be clear soon, because we are once again threatening this very important supporting trendline. $BTC has lost about 15% of its value in just a few days, but what’s key is whether that line holds or not.
On my last post I was looking at the setup for a backtest of the daily middle band, and SPX delivered that and has then rallied back almost to the all time high retest, which I’m expecting to happen ideally today or tomorrow, as the historical stats for Wednesday and Thursday this week lean significantly bearish.
SPX daily chart:(more…)
You never would have guessed I’d been busy traveling all weekend, but I made a ton of content on Friday when I had the time and have been publishing it bit by bit. Today, however, it’s going to be nuts for me, so you’ll just have to talk amongst yourselves or tolerate relatively meaningless posts. I’ll resume my normal absurdly bountiful content creation tonight on the plane.