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.

Thanksgiving Thoughts

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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.

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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.

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Obvious Black Friday Headline HERE

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Well, this is quite a kick – – and what a shame that not only is it (once again) the last day of the week but also a half-day! But this is the kind of day that’s a total blast to wake up to, although that swine Powell will throw everything he’s got to fight it.

What I find particularly delightful is that in he midst of this bloodbath, the ONLY asset which is up also happens to be the ONLY asset I am long. I made this quite plain in my mysterious and cryptically-worded post Long Gold, whose meaning I hope some of you were able to interpret properly.

goldup
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