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.

Halfway Through The Rally Window

By -

A week ago I wrote a post looking at the case for a rally on US equity indices in the 12 trading day window into April 2nd, the planned day for US tariffs to be extended to most US trade partners. That rally has delivered so far but hasn’t been as strong as I hoped, and I want to look today at the rally patterns that have been forming, and what I’m expecting to see over the rest of the rally window.

In my The Bigger Picture video yesterday I was looking at these rally patterns and saying that the initial bottoming pattern target might not all be reached as US indices appeared to be forming bear flags. I was saying that the next obvious move would be another leg up into new rally highs across the board, but that the rally might fail soon after, possibly on Tuesday or Wednesday this week.

(more…)