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.

At Any Rate

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I have a watch list called Rates (note to Gold and Platinum members: you can access this at any time with the Shared Watchlists feature in SlopeCharts and see all my lists as well as my mark-ups), and this list contains a variety of very weird-looking ticker symbols that represent important interest rates. Here are a couple of them I thought were worth sharing. First is this chart of Treasury Rates. Take a look at how artificially suppressed they became, and they have “snapped back” to the underside of that now-broken basing pattern. It’s pretty cool how prices are interacting with at pattern (which I haven’t touched in months).

slopechart FR DGS
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A Big Picture Review

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In my post on Friday 6th August I was looking at a possible backtest scenario on SPX that could be setting up and I’d like to review how that is looking on my first post this year, as I think that backtest may well be delivered over the next few weeks.

That backtest would be of a huge resistance trendline on SPX that broke at the end of 2021 / start of 2021, and is currently in the 3850 – 3900 area. The break over that trendline may have been a break up over a rising megaphone resistance trendline with a target in the mid 6000s on SPX , but if that is the case, to confirm that target, the trendline would need to be backtested and hold into new all time highs on SPX.

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