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.

Retesting Strong Resistance Here

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SPX and NDX held the strong resistance they were testing a week ago, retraced a bit, and are now close to testing them again. I have been expecting new all time highs on both, and NDX has made a new all time high today, but SPX is still a bit short and likely needs to make a new one too.

Both RSI 14 and RSI 5 daily sell signals are now fixed on SPX, and if resistance holds again, then next short term high at least is close.

SPX daily chart:

SPX Daily

Tartar Sauce

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I’m not going to post the graphic here, since it’s absolutely gargantuan, but here is a scan of one of my favorite images ever (I’ve got it framed and hanging in my office). It is a gorgeous representation of world powers, although it ends around 1970 or so, so it’s badly outdated. All the same, it is absolutely fascinating, especially if you might be an amateur history buff like I am.