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.
US Dollar Index Hanging Tough
The DXY updated……..
I and NFTRH subscribers have been keeping well aware of the implications of a) USD following its daily chart downtrend, or b) painting the July plunge as a bear trap and going bullish again. We’ll leave the detailed implications aside in this post and simply note that the process is still evolving.
From this NFTRH+ video update (now public), that projected the up move on July 19:
USD can break through it [clear resistance at the time, now support] and test the SMA 50 and still remain in a downtrend.
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Inflation Bar
That’ll Learn Ya
Ever since the success of RoaringKitty (AKA DeepFuckingValue) with his GME calls, pimple-faced credit-card-borrowers have been falling all over themselves to strike it rich with the next meme stock. By and large, this has yielded nothing but blood and losses. The latest insanity was Tupperware (of all things) which blew higher on massive volume by hundreds of percent. Let’s just say this is starting to unwind in a big way already…………
Important S&P Support
The blue trendline below is anchored to the March 13th low (the day that Yellen bailed out her banker friends, and continues to do to this day). We have tagged support and are seeing some strength here. Simply stated, maybe that’s all the selling we’re going to get, or maybe next week we snap this trendline and begin our trek toward 4300 on the /ES.
