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 wanted to love it. I honestly did. I’ve looked forward to the new Beatles movie for MONTHS. But, Jesus H. Christ on a pita biscuit, I watched the first two hours on Thanksgiving, and I was simply embarrassed. Watching a bunch of people chat and bicker gets old really, really fast. Maybe the rooftop concert will be worth it. But I doubt it.
Pseudonymous cartoonist “Stonetoss” on Bitcoin volatility.(more…)
UPDATE NOTE – Since I wrote this post last night, SPX/ES has obviously broken down from the asymmetric double top there with alternate targets in the 4540 and 4515 (both SPX) areas, though so far, NDX/NQ has not yet broken down.
So far this week SPX has defied the historically bullish tape over Thanksgiving and that strong historical bullish bias extends into the close on Monday. I was leaning towards seeing at least a backtest of the 4540 SPX area after that but it looks like we may see that before.
MAIN POST –
The big number on the equity index board at the moment is the high SPX made a few days ago at 5.54% over the 45dma, which closed Wednesday at 4538. SPX is likely topping out here for a reversion to mean move, and the mean I use is that 45dma, so I’m watching for a setup to take SPX back to that area.(more…)