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.

Mayday

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In a post on 17th April I posted some 15min charts with arrows showing an ideal path to forming bear flag wedges on SPX, QQQ and DIA. I added one for IWM in the post after that. I’ve updated these since but left the original arrows where I first drew them for reference on the last four charts today so you can see I wasn’t that far off so far.

In my last post on Tuesday I was saying that ideally we would see a modest decline (by recent standards) to play out some negative divergence on SPX, QQQ, ES and NQ and we saw that yesterday morning with all the hourly and 15min sell signals I mentioned in that post reaching target. After that I was looking for another and probably last leg up within those bear flags and since then we have seen new rally highs on all four.

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Mayday! Mayday!

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Welcome to a new month and the second third of 2025. April would be hard to beat in terms of mayhem, but in this uncertain world, don’t be so sure of anything. For the moment, though, the bulls continue to run roughshod over any surviving bears, as MSFT and META have powered the /NQ up to (and a little above) its Fibonacci level. Evidently, Mark Zuckerberg is going to save the global economy with his website.

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