Gold is getting closer and closer to its key breakout…….
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.
Testing The Weekly Middle Band Again
I was saying in my last post before the open on Tuesday that if SPX kept testing the daily middle band as resistance every day then another attempt to break back above it was likely and we saw a modest close back over the daily middle band at the close on Tuesday. That followed through to the upside yesterday and yesterday’s close was a confirming close back over the daily middle band, now in the 4506 area, and a test of main resistance at the weekly middle band, now in the 4583 area.
SPX daily BBs chart:
(more…)Inflation 50% Above Forecast
Moments ago, I held my breath and await the goddamned CPI number, and, sweet baby Jesus, am I glad to see what I’m seeing – – – RED HOT inflation and the world blowing up in Jerome Powell’s wicked face:
Pre-CPI Trading Ideas
Good evening, everyone. I figured I’d call it a day with my Salesman video, but no, I just can’t. My incessant need to create more content than other sites compels me to do another post before I turn my attention to my fictional creation. I thus present to you my favorite fourteen short ideas which I am NOT presently in, but will seriously consider getting into IF the post-CPI environment is hospitable. The first four are for everyone, and the other ten are visible only to paying members. G’nite!
Salesman
Below is one of my favorite documentaries, if not the favorite, of all time. It is considered a classic, and if you haven’t seen it, give it a look. I figured it was time for some Slope Cinema as we all wait for the all-important CPI in the morning. This is a devastatingly marvelous tragicomedy from our culture:
