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.

There Is No Spoon

By -

It has been a few weeks since my last post, as I’ve had a lot of stuff to sort out. That’s pretty much done & I have returned.

As it happens, this doesn’t look like a bad time to be coming back. My speciality is patterns and reversals and we have some nice patterns and potential reversals forming on NDX and SPX here. They might just deliver yet another break up, but for now we have a decent looking inflection point, and what might be a pretty decent reversal brewing here.

On the bigger picture I was saying at the start of the year that presidential election years in the US tend to lean bullish, and that has certainly been delivering so far in 2024. I’m not really expecting that to change, and if we do see a retracement here, I’d be leaning towards that being a bullish retracement, with at minimum likely all time high retests to come after that completes.

(more…)