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XLF – July 13, 2023 !
Posted on July 13, 2023 Leave a Comment
Well folks, we are at a pretty big fork in the road. The SELL PATTERN on the SPX is “close” and pretty much hit and then the XLF went up and tagged the lower end of the sell zone … gapped up and then closed at the lower end. One can see a couple small […]
S&P 500 – July 11, 2023
Posted on July 11, 2023 Leave a Comment
VERY important level approaching in/around 4500 and hen 4525-4550. Frankly, these levels are the last gasp hope for the bears. Note, the time worked out very nicely but the PRICE was not hit and we’ve held support. Doesn’t look to inconceivable that the targets above won’t get attacked in the coming days?
Geometry – July 11, 2023
Posted on July 11, 2023 2 Comments
Birthday today .. so spent some time listening to Zen music and just using the crayons. One purple (crown chakra) line that defines a radius of a circle and then … every turning point thereafter. Yes, it’s “past tense” but we can use this forward … I try (as you all know) to make my […]
USDJPY – July 06, 2023
Posted on July 6, 2023 3 Comments
Well, this is one of those that you wait, in this case almost 9 months, for the pattern to appear. I almost tried it at the ABCD but something just told me to wait. Now, we have a 1.618 price projection right on top of the lovely .786 and a bunch of other ratios. Why […]
XLE – July 06, 2023
Posted on July 6, 2023 2 Comments
I’m a tad perplexed on this chart as one can make the case for some bullish action BUT I’m not even to try and count the different machinations and I don’t want to “could have would have should have” when it comes to my wave counts … I’m picking lower simply because of the last […]
Interest Rates – July 06, 2023
Posted on July 6, 2023 1 Comment
I posted the chart below a little while back … it’s a chart of the ten year interest rates and what I’m trying to show is that, yes, banks and a lot of people got caught w/ the rising interest rates. Folks, it took 40 years to rise the 700 ish % .. we’ve done […]
UNG – July 6, 2023
Posted on July 6, 2023 Leave a Comment
Last post on UNG/Nat Gas: https://atomic-temporary-44460632.wpcomstaging.com/2023/04/04/natural-gas-ung-april-4-2023/ Looks like a pretty clear 5 waves up that doesn’t break any rules … and now a nice 3 wave correction for the buys zone in the 6.60 “area.” Again, this entire thesis is predicated on the long term MONTHLY PATTERN of the Natural Gas Futures below. We “should” […]