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.

Downside Targets

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In my post yesterday I was looking at the diamond top on the SPX daily chart which was starting to break down, and then went on to close the day with a clear break below it. The falling and possible bull flag channel on TSLA also broke down by the end of the day. There are now a lot of fixed downside targets on equity indices so today I’m going to lay out all the main ones that I am watching.

This decline is led by Tech, so the first target is the one the H&S that I have been posting on the Philadelphia Semiconductor Index (SOX). That target is in the 9,150 area, and I can’t see any reason to think that target won’t be reached.

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