It’s amazing that, in the same country, the exact same commodity can cost TWICE as much in one state (California) is another one not that far away (Oklahoma).
Thanks, Taxes!
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.
Another Minority Report
In my last post on Tuesday I was looking at the bullish consolidation options on Bitcoin (BTCUSD), Solana (SOLUSD) & Ethereum (ETHUSD), and those have played out mostly as expected since.
A small H&S had broken down on Bitcoin, and I was saying that might well fail into a retest of the prior high at 98.7k and then go higher and we saw that.
BTCUSD 15min chart:
Bullish Crypto Options
I was saying on my last post that there were daily sell signals fixed on BTCUSD (Bitcoin) and SOLUSD (Solana), that a bullish consolidation period looked very possible and we’ve been seeing that. So how’s that going?
On the Bitcoin daily chart below the daily RSI 5 sell signal has almost reached the possible near miss target at 31 to 37 on the RSI 5 and that might be enough. The RSI 14 sell signal has fixed but is a longer term signal and we may well see significantly higher highs before that makes target. It is an early warning to watch out for a longer multi-week or month consolidation that may be coming in the first months of next year.
(more…)Gathering Storms
In the last couple of weeks of October I was writing about the likelihood of seeing a bullish November, and we saw that, but it wasn’t really what I had in mind. The bullish part came when Trump won the presidential election and, on SPX at least, the rest of the month was spent retesting that high, with both SPX and ES both now at new all time highs from there.
I was looking for more, and we might still get more, but more than half of the bullish window into Xmas is now behind us, and the news coming from the coming new administration is already starting to disturb the markets.
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