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.

Four Horsemen – The US Dollar

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There were four big setups, each covering multiple tickers, that I was looking in my bi-weekly The Bigger Picture webinars last year and at the start of this year that looked very strong, but I was struggling to come up with any decent fundamental reasons why they might play out.

That changed when the US attacked Iran on 28th February, and I have since written two posts on the (very bullish) setups on the oil charts first on 3rd March, and after the first phase of those bottoming setups had all made target, with a follow up on 13th March. As these patterns were all at the bottom of decent quality bull flags from the 2022 highs, I am still expecting to see full retests of the 2022 highs on all of $WTIC (Light Crude Oil), $BRENT (Brent Crude Oil) and $GASO (Gasoline), with $HOIL (Heating Oil) having already reached that target.

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There Is No ‘I’ in ‘TACO’

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The Iran War and the US equity markets have reached an interesting stage and I am watching with great interest to see what happens next. I’ll be reviewing the setup on equities here mainly but first I’ll review where we seem to be on the Iran war.

I was saying in my last post on Thursday 12 March that Trump had a problem in this crisis in that if he wanted to TACO here, likely by declaring victory, withdrawing US forces and moving on to something else, then the problem was that this would necessarily require some kind of agreement with Iran, and Iran, under new, younger and much angrier management, was showing no interest in talking.

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Index Review

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When I began this post, I already knew it had been an amazing week but having taken the time to scrutinize the index charts more closely, I am more impressed than ever at the clarity of what is happening. The tops are clean, complete, and suggest tremendous downside potential for the balance of 2026.

Starting with the NASDAQ Composite, you can see the sensational top as well as the very clean price break between Thursday and Friday which has set up the most proximal level of resistance.

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