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.

An Uncertainty Principle

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In my post on Monday 10th Feb I was looking at the bull flag setups on SPX and QQQ and the historically bullish lean through Tuesday 18th Feb and was projecting that we might well see retests of the all-time highs on SPX and QQQ in that bullish window. We saw those all-time high retests on QQQ on Friday 14th Feb and on SPX on Tuesday 18th Feb.

In my post on Wednesday 19th Feb I was looking at the very nice-looking topping setups on SPX, QQQ and DIA and the historically bearish lean through Friday 28th Feb and suggesting that if these patterns were going to deliver, then this bearish window would be a good time to get started on that.

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Looking at Crypto Support Levels

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In December I was leaning towards seeing a retracement / consolidation on Crypto in the first half of this year and then strong new highs towards the end of the year with possible bull market highs pencilled in for Nov/Dec 2025.

That retracement / consolidation is now in progress and I’ll be looking today at the key support levels I’ll be watching on what I expect to be a bullish consolidation.

Is it possible that the Crypto bull market has already ended? Yes, but I’m leaning against that. I’ll be explaining why that is in my next post.

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One Last Heave

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In my premarket video on Friday I was noting the four hourly sell signals fixed (3x) or forming (1x) on ES, NQ, RTY and DAX and saying that we might well see a retracement day. We saw that and all those signals reached target by the end of the day.

In my The Bigger Picture video yesterday I was looking at the support backtests seen on Friday and was looking at the bullish looking setups on SPX and QQQ particularly. So far that looks as though it may be delivering so let’s review.

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Watch Those Crumbles

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There sure does seem to be some magic about Monday sell-offs, huh? For the past two Mondays, there has been a big plunge only followed by perpetual healing. Whether or not Canada and Mexico are actually doing anything NEW is unclear to me, but it was still quite a piece of performance art.

What I’d suggest is to continue to respect the fact that the overall strength of the market (as expressed by the symbol $SPX200MA, which shows the percentage of stocks above their 200-day moving average) is behaving very technically itself, inasmuch as it was range-bound, broke down, retraced, and is now re-weakening. This isn’t August 1982, folks.