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 Main Resistance

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When I started to write about the prospects for a decent rally on the 17th and 22nd June I was somewhat apologetic about even suggesting that a rally might be possible, as the background looked so grim and people were so relentlessly bearish. I was looking for strong rallies on the US equity indices and on bonds and we have been seeing both since.

I think both may go a lot further, but SPX is now testing main downtrend resistance at the weekly middle band, with the other US indices close to important established resistance and possible IHS necklines, and there is a good chance that US equity indices may turn back down here either to form right shoulders on a series of large IHS patterns, or possibly to retest the 2022 lows, very possibly on SPX to make the second low of a double top setting up an attempt to retest the all time highs.

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A Feast for the Eyes

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For those of you who are free Slopers but have toyed with the idea of being a paying member, I would like to suggest now is the time to do it. Moments ago, I published an extraordinary piece by Mr. Wizard which I am sharing only with paying members (with deep appreciation to Mr. Wizard, who agreed with this suggestion). If you aren’t a subscriber yet, please click here to join us. For those of you who are already members, please click here to read this marvelous post.