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Bonds – July 30, 2023
Posted on July 30, 2023 2 Comments
sounds crazy, but sure looks like bonds are going to break the big support that’s been holding em’ up and, frankly, target the blue zone as shown in the below charts. Ummmm, ouch. Right? If my count is wrong, then we will go up and do another leg to finish the a-b-c corrective move BUT […]
Banks/Financials – July 27, 2023
Posted on July 27, 2023 Leave a Comment
Saw the gap up today – pretty darn impressive – so I immediately went to the XLF and “figured” that it would have gapped up w/ everyone else and blew over the .786 retracement and off to the races. IT DID NOT. Hmmmmm Because of that, I cruised around JNK, XLF, $BKX and KRE and […]
US Dollar Index – July 26, 2023
Posted on July 26, 2023 2 Comments
Well, we are hearing (once again) about the death of the dollar as the worlds reserve currency and all that … that will probably happen but not just yet. Either way, we have hit a VERY important support level on the USD. Measured moves make the world go around … we hit the measured move, […]
TSLA – July 20, 2023
Posted on July 20, 2023 5 Comments
Last post on TSLA: https://atomic-temporary-44460632.wpcomstaging.com/2023/06/07/tsla-june-07-2023/ Staying w/ the preferred count shown in green. That being said, this could be, as shown on the alternate count the beginning of an a-b-c = Y move down … so, while this gives up a lot of the move, we’ll just use the EWT correction RULE that wave 4 […]
Gasoline Futures – July 17, 2023
Posted on July 17, 2023 Leave a Comment
looks like this triangle will be resolving soon enough … prices like to “surge” out of these type of patters to …it will be pretty interesting, from a political perspective, to see which way it resolves. spikes lower … Biden Administration has brought down inflation and lower gas prices. spikes higher …the opposite for President […]
NVDA – July 17, 2023
Posted on July 17, 2023 1 Comment
Last post on NVDA: https://atomic-temporary-44460632.wpcomstaging.com/2023/05/30/nvda-update-may-30-2023/ the ABCD target on NVDA has been hit on the monthly (it actually went higher and did the 12th root of 2 (1.05946) which is the ratio used to tune the equal octave scale of music) with noticeable bearish divergence on the 14 period RSI. I expect some serious resistance. […]
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?
Bart's Charts 