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.

Binary Setup Here On Crypto

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Solana (SOLUSD) is the pattern leader on Crypto here, so I’ll start with that today.

I was looking at the possible inflection point on Solana last week as it hit main bull flag resistance and reversed there, and so far that has been playing out in a way that is suggesting that we might see that possible big reversal that I was looking at.

On the daily chart a daily weak RSI 14 sell signal has fixed, Solana has broken back below the daily middle band and backtested the 50dma, currently at 154.90, and resistance is at the daily middle band, currently at 167.15.

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Conservative!

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No, not in the political sense. I am referring to my risk profile right now. I have dialed back risk tremendously in my main portfolio, with a mere 4 bearish positions, all of them already very profitable. The overwhelming majority of the account is in cash, because we’re heading directly into the storm, and it could well be a week before the clouds part. Some here are more daring them me (I’m looking at you, Director!) but I’d like to survive what happens next, irrespective of outcome.

Huge News Week

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It’s election day today and that is one of the two big news events this week that we are aware of, the other being the Fed decision on interest rates. There is a possible setup here for a substantial decline and also for a high retest and when that news is in we may well be see one or the other.

In terms of the high retest, the retest of the low yesterday set a possible daily RSI 5 buy signal brewing on SPX. If that fixes that could support a high retest from here.

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