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.

Now For the Small Caps

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Although I was nervous as hell when I wrote it, I am exceptionally proud of the premium post I did early on Wednesday called The First Key Line, in which I laid out very specifically what the key break points were. One item I wrote in particular was:

The S&P 500 has been amazingly Fibonacci-friendly this year. There are actually three Retracements drawn below, which for me is incredibly cluttered, but I’ve made an exception. As the arrow shows, the did a perfect 50% retracement of the August 15th-October 13th plunge. If we push past that, the bulls are just going to keep winning. On the other hand, there are THREE Fibonacci retracements that would fail if we get below 3800, so that would be a massive victory for the bears if we can get below that Big Round Number before this week is over.

Here was the situation at the time: