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.

Decent Setup For Modest Retracement

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In my post on the morning of September 3rd, just after the sharp decline on the first trading day of this month, I was noting buy signals on all six of the hourly equity index futures charts that I follow, and those all delivered over the remainder of that week. When four or more of these fix at once on the hourly futures they generally deliver.

In my the Bigger Picture video on Sunday 7th September I was noting the strongly bullish leaning historical stats for the coming week and was suggesting a target for QQQ at a retest of the August all time high at 583.32, and we saw that with a new all time high at 587.86, seeing also new all time highs on SPX and DIA, and IWM moving closer to the IHS target at a retest of the Nov 2024 all time high at 243.04.

In my last post on Monday September 15th I was looking at the historical stats suggesting that after Tuesday this week there was a short bearish window into the end of September.

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The Tiniest Breakout

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Sounds like the world’s worst bedtime book for kids, doesn’t it? What I’m referring to, however, is the Russell 2000. See, back in November 2021, as the spasms from the Covid-19 multi-trillion-dollar bailout was hitting its apex (chart below, left circle), the Russell 2000 hit its highest point in history. Three years later, almost to the day (right circle), the $RUT beat its prior record by a tiny, tiny, tiny amount, and the press celebrated that, at long last, the curse was broken, and the “breakout” could user in a sustained bull market.

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