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.

Three Good Trendlines Remain

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In my post on the morning of Wednesday 30th July I was looking at the pattern setups on SPX, QQQ and DIA and saying that these delivered a very nice setup for at least a short time high forming there.

In my post on the morning of Friday 1st August I was looking at the first real signs of weakness on the US equity indices since the April low after the strong breaks of the daily middle bands on DIA and IWM on Thursday, and saying that confirmation was needed with further breaks of the daily middle bands on SPX and QQQ.

In my post on Sunday 3rd August I was looking at the strong breaks of the daily middle bands on SPX and QQQ on Friday and the closes well below the 3sd daily lower bands on DIA and IWM. I proposed a rally early this week to backtest the daily middle bands on SPX and QQQ while setting up high quality H&S right shoulders on both.

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A 100% Effort

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After the word hit following Wednesday’s close that Trump was going to hit semiconductor firms with a 100% tariff, my heart soared at what was coming. Turns out the threat was utterly empty, because the tariff would be set aside if any company in question pledged to, ya know, build a plant somewhere in the U.S. real soon now, which means all of them. Thus, the entire 100% tariff crash can be seen on the NASDAQ futures chart, highlighted in red. Feel free to use magnifying devices if they are of aid.

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