I decided to use Dall-E to create a stained glass rendition of a bull having a cocktail, which seems appropriate for the year thus far.
Bull Church Bar
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.
VIX Sinking to Mid-Teens
Friday The Thirteenth
I mentioned in my post a week ago that on a break back over the daily middle band there were fixed buy signals on the daily and hourly charts that might carry SPX significantly higher and so it was, with SPX hitting 3997 at the high yesterday, and those buy signals have now all made target. I’m looking for signs of a high forming, and there are some signs here.
There is no negative divergence on the daily chart here yet, so I’m thinking we might see a sharp retracement here back into the daily middle band, currently at 3868, then retest the high to set up a possible double top.
(more…)Perfect BTC Fib Tag
Bitcoin is up nearly $4,000 since its November FTX-wipeout lows, and its ascent has lifted animal spirits across all asset classes. I’d like to point out we have nailed, pretty much to the penny, the major Fibonacci Retracement level today.
