I stumbled across this a couple of weeks ago and have probably listened to it thirty times already. Multi-dimensionally gorgeous.
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.
Crude, But Effective
As the entire planet sinks into a depression, while all the time thinking new lifetime highs are just around the corner, crude oil is going to lead the way. Indeed, it’s the smartest asset around. I’ve never understood this stupid “Doc Copper” business. Ridiculous. Energy is where it’s at. And where it’s at is DOWN.
In Between Days
SPX is retracing and is likely to open today below the monthly pivot at 3867 and the weekly pivot at 3853. That opens a possible backtest of the daily middle band, currently in the 3812 area, and a close below and conversion of that to resistance would open a possible 2022 low retest.
Am I expecting to see that directly from here? No, but it is a possibility.
SPX daily BBs chart:
