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.

Friday The Thirteenth

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In my posts over recent weeks I have been following on from my post of 6th August 2021 when I was looking at the possibility that there would be a retracement this year to backtest a major broken resistance trendline on SPX, and the possible very bullish setup that a good retest would partially confirm.

The trendline is the main resistance trendline on SPX on SPX from the low in 2009, shown on the chart below, and it was and is a really good trendline. The start was at the 2009 low, with touches at the lows in 2010, and highs in 2011, 2012, 2013, 2014, 2017, 2018 and 2020. It was so strong that I was expecting it to hold indefinitely until it broke in the wild move up after the 2020 low. This is the trendline I was looking to be back-tested, and SPX delivered a visual hit of that trendline at the low early this week, and has broken below it slightly on Wednesday and Thursday, as you can see on the weekly chart below.


PREMIUM: The Incredible Twenty-One

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Good morning, everyone. The video below is, I think, going to be very useful in the coming days. Thus, if you’re not a Gold or Platinum member, you’ll see nothing but empty air. (Sorry, it’s really good).

Be reminded that you can subscribe immediately by clicking here and get instant access, and that I’ve already decided that I priced Slope preposterously cheaply, and I’ll be cranking rates much higher on July 1. If you subscribe before then, you’ll lock in the crazy-low rates for as long as you’re a subscriber.

All In Biotech

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On Thursday, I put 100% of my personal portfolio into the biotech fund symbol XBI. Prices were so battered, I paid the same price was someone in 2014. Incredible, isn’t it? Plus, check out the volume in recent months. I know this is bizarre to read this from me, but there you have it. Incidentally, I made a super-cool video for premium members (crazy-important, I believe) that I’ll be releasing within the next 24 hours sometime. I’m trying to pace myself, because as content-drenched as things have been here this week, I’m not sure I want to do any posts this weekend!