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.

The Possible H&S Patterns Mostly Formed Now

By -

You need to add a widget, row, or prebuilt layout before you’ll see anything here. 🙂

In my last post on Friday I was talking about the impressive track record for the daily sell signals currently fixed on SPX and Dow and looking at the possibility that H&S patterns might be forming for another leg down on SPX, NDX and Dow as those made target..

After yesterday those H&S patterns are mainly formed now, and if we are going to see those break down I’d expect that to happen in the next day or two, as otherwise the right shoulders, compared to the left shoulders, will start looking too disproportionately large, so the quality of the patterns will deteriorate.

(more…)

Weighing The Options

By -

In mid-September I wrote a post looking at a big inflection point on equities, and the large decline we could see from there on the pattern setup. Let’s see how that’s looking now.

There were two big nested double top setups that had formed on Dow and SPX. The first of those was on Dow and that has gone high enough since to destroy the setup. While that has happened though Dow has established a high quality rising wedge from the Oct 2023 low that is holding so far, and that has wedge support currently in the 40,000 area.

(more…)

Crypto – If Not Now, Then

By -

Last week I was writing about the solid short setup forming on Crypto and have been looking at it every day in my premarket videos. That setup has played out now, all the daily sell signals I was looking at on BTCUSD (Bitcoin), ETHUSD (Ethereum) and SOLUSD (Solana) formed, fixed and have now made their full targets at the 30 level on the daily RSI 5.

So what now? Well we’re seeing a rally today which I was looking for on yesterday’s premarket video, and a likely backtest of key resistance is coming. On Bitcoin that resistance is at the daily middle band, currently at 62,604. A break and conversion of that to support opens the upside.

(more…)