This one chart says it all: it is the continuous contract of the Hang Seng Index Futures. The downtrend is clear as can be, and a major “lower high” has just completed.

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.
Below are the relevant portions of all my short positions in one of my portfolios. The first three are visible to all, and all the rest are visible only to supporting members of the Slope of Hope.

Last night, as I was about to hit the sack, I took a last peek at Bitcoin’s chart (since I’m long the inverse fund BITI) and was intrigued to see a plunge out of the blue. Uncharacteristically, I thought to myself, hey, that’s cool, and promptly went to sleep without investigating the situation any further.

Below are the relevant portions of all my short positions in one of my portfolios. The first three are visible to all, and all the rest are visible only to supporting members of the Slope of Hope.
