Gold is pretty boring, but it is gaining strength.(more…)
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.
Regarding Tesla: on the bearish side, the long-term broken trendline and trio of lower highs is in our favor. On the bullish side, the price gap formed between March 25 and 28 has provided rock-solid support yesterday and today. Break 1021,80, and it’s bombs away. I remain short @ $1140.85.(more…)
In my last post I was looking for a retracement and looking at targets below for the likely backtest that was coming, and those initial targets have been hit, more or less. The main target was the mean reversion target at the 45dma, now at 4417, and the current low this week at 4450 isn’t quite a hit, but came close.
SPX daily vs 45dma chart:(more…)
Good morning, everyone. Well, when I started typing this post, the markets were all green. Now, as I start to add some text around the graphs, it’s gone red. So the charts below are out of date in that respect, although what I was going to say hasn’t changed.
Last night, the /ES tried to cut above short-term resistance, but it was repelled.(more…)