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.
Well, first off, this sucked. The /NQ had this delicious multi-hundred point reversal all throughout the day, and just when things were getting really good, the federal government stepped in, starting banging on the BUY button, and stopped the goddamned thing. It’s really quite tiresome.
It seems most likely that, a year from now, interest rates will be substantially lower based on these nearly-completed reversal tops.
There’s no such thing as a free lunch. When Ozempic shook the world, there was this idea that Mericuhns would trim down (so much so that airlines began publicly celebrating spending less on fuel to fly these porkers from place to place). Well, for whatever reason, this miracle ain’t happening, and the firms that sell these magical elixirs to stop people from shoving fatty crap in their mouths nonstop are finding out it ain’t working out so well. Down they go!
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.
(more…)
