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.
Perhaps the cleanest setup for a hard fall among all the indexes I am examining is the semiconductor index, symbol $SOX. It still has a little more potential upside before it hits its resistance trendline, but tagging this trendline is not a necessary prerequisite. The point is that there’s much more downside risk than upside opportunity at present price levels, and virtually all of the power behind the last two months of ascent is predicated on the continuation of AI Fever.
Crude oil has continued to fight its way higher, and it’s become dangerously close to violating an important resistance level. I want to emphasize “close to”, since it hasn’t done it yet, but it merits close monitoring.
Four years ago, Ethereum was as hot as a pistol, and as it approached $5,000, speculation about how high it would go was running rampant, egged on by Raoul Pal who issued many long-dead predictions, including this item from March 2023 which declared $ETH would reach $20,000 by March 2022 “at the latest”.
I won’t endeavor to figure out why an article from March 2023 was offering up such a prediction already one year expired, but crypto bros are weird, man.
In any case, it didn’t get to $20,000, or even $5,000, for that matter. On the contrary. years after the aforementioned bold prediction, $ETH has been ambling around at about HALF its peak value, even with the recent preposterous ascent in asset prices across the board.
Preface to all three parts: there are thirty charts in my Bear Pen watch list. I am presently short only eight of them (the other four shorts are ETFs), but I wanted to share the entire list with you this weekend. I have zoomed in to the most recent portions of the chart that I believe are most relevant.
