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.

Market Battle Fatigue: China Versus USA

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There have been numerous reports of an economic slowdown (and even contraction in some sectors) in China, one of which describes those in detail at ZeroHedge. While some of China’s difficulties may have been exacerbated by a fairly recent trade war with the U.S., it certainly didn’t start them…other factors were already in play and bear responsibility for its inception, as explained therein.

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SPX: Trade With Caution

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Isn’t it amazing what Central Bankers can do for markets. Case in point is this compressed view of the S&P 500 Index (SPX) in “area” format (monthly chart below). It’s virtually been on a tear since the bleeding from the financial crisis of 2008/09 was abruptly halted with their intervention and injection of monetary support, and it hasn’t had much of a correction since then, relatively speaking.

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Alligator Crossing Awaits U.S. Markets In Mid-2019

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The Dow 30 (YM)S&P 500 (ES)Nasdaq 100 (NQ) and Russell (RTY) E-mini Futures Indices are in danger of being swallowed into their respective moving average “Alligator” formations (where the moving averages are offset into the future), as shown on the following daily charts.

If price is engulfed within and falls below these formations, we’ll see high volatility and wild swings ensue, with a possible correction in equities.

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SPX Triple Top: 2400 Target

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My last post was not overly enthusiastic about a continued rally in the SPX, as evidenced by its title.

Now that the month of May is complete, you can see from the monthly chart below that a large triple top has formed on the SPX, which is, in fact, thanks to three bearish candle formations on this timeframe (namely, a dark cloud cover, followed by two bearish engulfing candles) — albeit it on successively higher swing highs — after overshooting its upper edge of a long-term ascending regression channel and reaching its +3 standard deviation level.

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China’s Shanghai Index Rejected At Major Resistance

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I last wrote about China’s Shanghai Index (SSEC) on March 25, at which time I identified 3150 as major resistance. Price had closed at 3043.03 that day.

Since then, price briefly broke above 3150 to hit a high of 3288.45 on April 8, and, after retesting that level several times over the next few days, it finally broke and closed below on April 25. In Sunday’s overnight trading it closed today (Monday) at 2906.46.

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