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.

Santa Rally Options

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In my premarket video for subscribers on Friday morning on 21st November I was calling a likely rally and looking at weak hourly buy signals fixed or brewing across the board on ES, NQ, RTY and YM.

In my last post on Tuesday 25th November, after that rally had started strongly, I was looking at the resistance levels for the Thanksgiving week rally and looking at the levels at which the strong bearish setup at the start of that week would fail, triggering likely all time high retests across the board on SPX, QQQ, DIA and IWM.

Those levels were all hit and exceeded by the close on Friday 28th November, all the H&S patterns that broke down at the end of the previous week had failed, and all of SPX, QQQ, DIA and IWM had broken back over their daily middle bands and confirmed that break with a second daily close above them.

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Thanksgiving Rally Key Resistance

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In my posts on 20th October, 24th October, and 28th October I was looking at the rising wedges on SPX, QQQ, DIA and IWM from the April lows and weighing the odds of these breaking down into a substantial retracement in the near future.

I was saying that these are all good quality mature patterns that I would normally expect to break down, but was concerned that we might instead see the start of a larger break up into December.

In my post on 7th November I was noting that all those wedges had broken down and gave some downside target areas that I was looking at initially.

In my last post on 20th November I was reviewing the bearish setups after all those initial target areas had been reached and looking at the larger H&S patterns that had since formed and were starting to break down.

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Crypto Bull Market Likely Over

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In my post on Wednesday 22nd October I was looking at the major support being tested on Bitcoin (BTCUSD), Solana (SOLUSD), and Ethereum (ETHUSD), and saying that sustained breaks below those support levels would boost the case that the bull market on Crypto had already ended, barring possible high retests as part of the topping process.

In my post on Thursday 30th October I was looking in detail at those key support levels on the weekly and daily charts and looking at the possible H&S patterns forming on the Solana and Ethereum charts.

In my last post on Tuesday 4th November I was looking at the H&S patterns on the Solana and Ethereum charts, which had started breaking down, and was warning that these big three Crypto instruments were on the verge of a clear break down that would likely confirm the end of the bull market from the December 2022 low.

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The Bull That Didn’t Charge

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In my posts on 20th October, 24th October, and 28th October I was looking at the rising wedges on SPX, QQQ, DIA and IWM from the April lows and weighing the odds of these breaking down into a substantial retracement in the near future.

I was saying that these are all good quality mature patterns that I would normally expect to break down, but was concerned that we might instead see the start of a larger break up into December.

In my last post on 7th November I was noting that all those wedges had broken down and gave some downside target areas that I was looking at initially.

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Rising Wedges Break Down

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In my posts on 20th October, 24th October, and 28th October I was looking at the rising wedges on SPX, QQQ, DIA and IWM from the April lows and weighing the odds of these breaking down into a substantial retracement in the near future.

I was saying that these are all good quality mature patterns that I would normally expect to break down, but was concerned that we might instead see the start of a larger break up into December.

My concerns to the upside were firstly that November and December lean significantly bullish, and that remains the case of course.

Shorter term I was concerned that the Fed cut might trigger an upside break but that didn’t happen.

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