It is very thinly traded, but the alt-coin $BAND is a terrific analog: two cup-with-handle patterns:(more…)
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.
By way of the one simple chart below, I would like to suggest that the price action over the past year (lower portion) is terribly similar to the year leading up to the Covid Crash (upper portion), just around the time all holy hell was about to break loose.
An analog worth a look (symbol SCHL):
I find this fascinating: examine the symbol FR:T10Y2Y, the 10 year rate minus the 2 year rate. This concoction has done a crackerjack job of predicting every single recession, and the most recent is no exception. I have tinted each instance when this data point went negative, and then reversed, to highlight the “V” bounce in this spread.(more…)