KBW – June 16, 2025

My last post on the KBW showed 139 as the key resistance based on a measured move target. The high being hit on February 7, 2025.

Here’s the link to that post: https://bartscharts.com/2025/01/06/kbw-january-6-2025/

That top, in/around 139-140 is SQUARED OUT on 06/26/2025. Keep an eye on that date.

Here’s a chart from a while ago (October 19,2021) showing how, even though time has passed, the targets still remain:

Here’s the most recent price action on a Monthly … if we take the most recent swing high at 139-140 out to the upside then do believe we have a VERY strong target in the 155 area and the 160-162. YES I WILL BE WATCHING 161.8 for the resistance. 🙂

Explanation:

• Blue arrows – represent PRICE measured moves and have been responsible for every up and down move w/in this security. IF (still need to continue surging higher (I DO NOT know if we will or we won’t) we take out the highs then 155 and then 160-162 is the target.
• 59/18 is a calculation of the fundamental frequency … that target is much higher in the top right.
• The black solid and dashed lines are projections … notice the dashed black line lands right where the blue measured move vector ends. 155.
• There are extension targets and the initial impulse move projection is 3.142 AB=CD.

This ‘should’ be very strong resistance for the KBW. Only time will tell.

Remember, we still need to take out the highs … not sure if will do that. Who knows …