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.
Gold Fixation
What is it about gold that makes people view it differently than any other asset class, creating an almost religious fixation* on the metal? As long-term monetary insurance, you would think that it would be among the more boring items; sort like insurance annuities. But that is not the case. (more…)
Headline Risk
I wasn’t expecting to see the falling megaphone on SPX and the falling channel on ES break up without a budget and debt limit deal being agreed but hey, here we are. The falling megaphone on SPX has a target back at the highs, so the bulls have the pattern advantage for the moment and we shall see what they will do with that. There is an opportunity here to form an IHS in this area and we could well see a retracement to make the right shoulder on that pattern today. That could well fit with a retest of broken falling megaphone support. SPX 60min 1Mo: (more…)
Mind the Gap
There was a six point gap between my support trendlines on SPX and ES yesterday morning and it was the ES falling channel trendline that held the low. Since then ES has bounced as high as 1666.25 overnight, and I have main resistance this morning at falling channel resistance and the 200 hour MA in the 1670-2 area. Obvious support this morning is in the 1655-7 area. ES 60min chart: (more…)
