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.

A Distorted Mirror Image

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I posted the first Bitcoin (BTCUSD) chart below at the end of December and there are two notes that I made on it then that are worth another look today.

The more important one of those is that I noted that any sharp decline on equity indices takes Bitcoin down with it, and we have most definitely been seeing that. On the flip side, any significant rally in equities will likely take Bitcoin up with it.

The other note I made that is worth remembering is that I noted that all of the RSI 5 buy and sell signals on this chart reached the full target (at 70 on RSI 5 for buy signals and 30 on RSI 5 for sell signals).

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WEEKLY Profit Targets

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It looks like the market may try to rally already this week. If that happens, it’s quite probable that the rally will be short-lived (at least until the current black cloud persists…). So, if the rally is a Bear Market Rally, these models below may help to determine “how far” these rallies can go. These are WEEKLY models, so as a minimum the time horizon is 1 week (or multiples of that), but things are happening VERY fast at the moment, so I would not be surprised to see a 1-week rally and it may even end on Wednesday.

All this said, here are the targets to monitor, to go SHORT again and profit from the next leg down:

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Four Bear Markets and a Setup

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As I’ve been working on my post today to look at downside patterns on US equity indices I have realised that this too needs to be split into two posts, so this first TA post will just look at the historical and very compelling current setups on SPX, while the second post will also look at the current setups and targets on QQQ, DIA and IWM.

In my last post overnight, Brave New World, I was looking at the economic reasons why I think that the planned tariff war on the world due to start tomorrow may have a very serious economic impact, particularly on the US economy.

In this post I am looking at last four big bear markets / crash setups on SPX and how they played out, and looking at the setup and targets currently on SPX if we are about to see something similar play out here, as I think we well might.

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