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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 […]
S&P 500 – April 09, 2023
Posted on April 9, 2023 1 Comment
Last post on S&P 500: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/21/dollar-and-stocks-march-22-2023/ All eyes remain on the USD. we have a large target looming a little lower. That being said, we are approaching a very critical time from a cyclic perspective. We have also completed a “valid” SELL pattern on the SPX. So, we either start down early this week or […]
TSLA (update) – April 5, 2023
Posted on April 5, 2023 2 Comments
Last post on TSLA: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/08/tsla-update-march-08-2023/ Well, the BUY PATTERN shown in the last update hit, went thru it a bit, and then started back up. If you look on this two hour chart, you can see that 5 waves up are complete from the low at (2) so, IF that (2) is correct, then expect […]
PHLX Semiconductor Index – April 05, 2023
Posted on April 5, 2023 1 Comment
Lot’s of fundamental information out there about China and sanctions and blah blah. Something about semi-conductors and blah blah. So, took a peak at the PHLX Semiconductor Index and it smashed into a pretty nice SHORT PATTERN ZONE (abcd, 4 ratios, gap (small), other stuff) and, just doing some back of the envelope math, if […]
Natural Gas/UNG – April 4, 2023
Posted on April 4, 2023 3 Comments
Last Post: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/20/natural-gas-ung-march-20-2023/ Well, the pain cave continues as I’m keeping my position and searching for a “low” in UNG. I’ve updated the count because recent price action has gone below the low made in 2021 (UNG) but, as you can see, the futures has not broken below the low. UNG and the futures “try” […]
EUR.USD – April 04, 2023
Posted on April 4, 2023 Leave a Comment
Some extremely important “polarity” principles are being tested w/ the EUR.USD currency pair. The principle is that “former support” will become resistance or vice versa. In his case, we have the low from 1985 and the low from 2000 showing former support that, now, SHOULD be stiff resistance. If we power thru this level then […]
Ultra Short QQQ (SQQQ)- April 04, 22023
Posted on April 4, 2023 1 Comment
Michael Jenkins taught me how to look for Mirror Image Foldbacks. (www.stockcyclesforecast.com) – he also showed me how they are planetary in nature … essentially, whatever planet or pair (s) of planets came together at the folkback point, they will also move “out” from that point causing the same pattern to appears as a “mirror […]
Banks – March 26, 2023
Posted on March 26, 2023 Leave a Comment
Last post on the banks: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/13/banks-march-13-2023-updated/ Folks … can’t objectively say what “it” is but something is afoot at the circle K … Whatever it is or isn’t we do have a pretty good line in the sand. The chart above is “log scale” … take a look at: Let’s call that level our line […]
Dollar and Stocks – March 22, 2023
Posted on March 21, 2023 2 Comments
Today, monitor and watch – CLOSELY the BUY PATTERN on the US Dollar Index. That level is in/around 102.50-102.70. As you can see below, I have INVERTED the NYSE Index to give a flavor for the pivots in the equities and how they correspond to the US Dollar. From the perspective of the S&P 500, […]
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