A few weeks back, it seemed I had stumbled upon some kind of holy grail in the form of sinewaves. Sadly, wouldn’t you know it, that the history of sinewave-compliance was ready to be dead and buried. Check out the three charts below……….
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_EEM-640x343.jpg)
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.
A few weeks back, it seemed I had stumbled upon some kind of holy grail in the form of sinewaves. Sadly, wouldn’t you know it, that the history of sinewave-compliance was ready to be dead and buried. Check out the three charts below……….
Here we see that, in the face of lifetime highs across the board in the stock market, Tesla has nothing nothing but bounce off its broken trendline.
The oil market appears to be under a spell from the witches in Shakespeare’s Macbeth. They’ve cast “Double, double toil and trouble,” and a trading fire is burning in the cauldron beneath the surface of where most home traders look.
WHAT’S NOT ON THE MAIN CHART
Leading up into the end of last week’s trading, the March contract still showed a slight price discount to April. This is commonly known as ‘contango’ in the commodities market and is considered the ‘normal’ mode of operations.
(more…)