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.
There is lots of cherry picking going on at these upper levels of the following 20-year monthly SPX:VIX ratio chart.
Unless we see price climb and hold above the 150 major resistance level and the Momentum indicator begin to break and hold above its current downward sloping trend and rise above historically high levels, we may see further downside and volatility enter the SPX…if not immediately, then, possibly sometime soon.
The following 1-year Daily charts are simply presented to show trend, support and resistance levels, and current price levels for the past year for a variety of U.S. Major Indices & Sectors, World Indices, Commodities, Forex pairs, and U.S. social media ETF & stocks.The accompanying 1-year percentage-gained graphs show the leaders and laggards for those groups. (more…)
I’m watching emerging market weakness vs the S&P 500 to see if weakness persists, or whether investors increase their risk appetite and place their bets on emerging market recovery.
If price breaks and holds above the 200 MA shown on the Daily ratio chart below of EEM:SPX, we may finally see a recovery on the horizon. Otherwise, look for extreme weakness if price falls and holds below the 50 MA.
Since my last post of March 1st, the ES has made a new high, after experiencing a tremendous amount of volatility, as shown on the following Daily chart.
You can see that price nearly reached a 100% Fibonacci Extension level on Thursday, before declining on Friday. This extension was measured from the 2012 lows. For the most part, price has remained within the lower half of its channel from those lows. (more…)
According to the following 4-Hour charts of the YM, ES, NQ, TF & NKD, we’ll need to see big sustained volumes enter to push and hold these markets over their resistance levels (on the YM, TF & NKD) and keep them above their resistance levels (on the ES & NQ). (more…)
