This is the fourth weekend post in my Brave New World Series (BNW Series) since SPX broke over major long term resistance under 1600. There will be at least two or three more in the series after this one. These take quite a bit of work to put together so I’ll be posting the others intermittently over the rest of the year. The previous posts in this series can be found at the links below: (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.
Runaway Russell Epiphany
This is an important post. At least I think it is. I was going to say it was the most important post I had ever made, but I didn’t want to oversell it.
This morning, I was looking at a long-term history of the Russell 2000 (what else does one do on a Saturday morning?) and something caught my eye. I noticed how similar price action over the past few years was to the late 1990s. (more…)
Uranus is Bleeding
I would love to be able to say to you that God came to me in a dream last night and provided me clairvoyance as to the future of the equities market. Sadly, I did have dreams all last night, but they were – and I am not making this up – about urea. I learned recently that there is a futures market in the stuff, and I guess my subconscious found this deeply troubling, so I spent an entire night dreaming about talking with loved ones about urea. . (more…)
Unicorn Deathmatch
I posted a chart of the daily SPX vs NYMO since 2006 on twitter last night and I’ll lead with that this morning. The charts show 22 hits or very near misses of -100 on NYMO and below since the start of 2006, of which 10 showed marked positive divergence at the low. All of these lows with markedly positive NYMO divergence delivered strong bounces, and the last three of those divergences were seen at the main lows on 2010, 2011 and 2012. This is therefore a strong signal that this retracement low is in, and significant further downside on SPX without a rally that at least reached 0 on the NYMO indicator beforehand would be a rarity that has not been seen since the start of 2006 at the least. SPX vs NYMO daily chart: (more…)
