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EUR.USD – May 10, 2023
Posted on May 10, 2023 1 Comment
The EURO is smacking against some SERIOUS trendline resistance that goes back to 2000 and 1985 (synthetically). Remember, the Euro wasn’t adopted until January 1, 1999. So, the grey box below is the “synthetic” version of the EURO w/ the Deutschmark and other currencies providing a “continuation” into the time frame of Bretton Woods. Either […]
DJ Transports – May 09, 2023
Posted on May 9, 2023 1 Comment
Last post on the Transports: https://atomic-temporary-44460632.wpcomstaging.com/2023/01/18/dj-transports-january-18-2023/ The thesis on the Transports is the ATH is a “BIG TOP.” Thus far, we haven’t really broken down that hard so only TIME will tell. We like when .382 / .618 retracements are on top of each other and we have that a little lower in the high […]
JPM – May 04, 2023
Posted on May 4, 2023 2 Comments
Pay attention to this PATTERN on JPM daily. The past 3 major tops have gapped down and the last two have created island reversals. IF (the BIG IF) we gap down today and leave and “island” then this could be very troubling for the banks and, historically, has led to a pretty big down move […]
LIBOR Rate – April 30, 2023
Posted on April 30, 2023 Leave a Comment
The LIBOR rate is an important gauge … for a better explanation that I can provide please see: https://www.investopedia.com/terms/l/libor.asp Basically, it’s the rate that banks charge each other to move a “shi&t ton” of money around overnight. It’s HUGELY important .. in fact, Mr. Martin Armstrong picked up some LIBOR issues around August before COVID […]
AMZN – April 27, 2023
Posted on April 27, 2023 2 Comments
hard to believe that I derived the targets shown above below in January. pretty crazy. what was important about today was AMZN performed a calendar day square out. in the world we live in (i.e. if your reading this blog) PRICE and TIME are the SAME THING. PRICE=TIME and TIME=PRICE. So, a PRICE of $50 […]
TSLA – April 27, 2023
Posted on April 27, 2023 1 Comment
Last post on TSLA: https://atomic-temporary-44460632.wpcomstaging.com/2023/04/05/tsla-update-april-5-2023/ If correct, TSLA is off to new highs. Stops to remain below the lower green gap area ~145.
Banking Index – April 24, 2023
Posted on April 24, 2023 1 Comment
Last post on the Banking Index: https://wordpress.com/post/bartscharts.com/21122 Well, guess you can say “here we go” or “lets get it on” (cue UFC John McCarthy) … Banking index has complete the ABCD from the low and the “scary” times … it’s all good, correct? Well, guess we will just have to wait and see. Next stop: […]
VIX – April 23, 2023
Posted on April 23, 2023 Leave a Comment
Last post on the VIX: https://atomic-temporary-44460632.wpcomstaging.com/2023/01/20/vix-january-20-2023/ The VIX reacted to the first ABCD in/around 17 but that “bigger” ABCD laid in wait. It has been hit …. I just got back from my SUP Veterans Retreat and have been completed off the grid for a week. DO IT – just like Mikey, you will like […]
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