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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, […]
Natural Gas/UNG – March 20, 2023
Posted on March 20, 2023 2 Comments
Last post on Natural Gas: https://atomic-temporary-44460632.wpcomstaging.com/2023/02/24/natural-gas-part-ii-february-24-2023/ Last post on UNG: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/13/ung-march-13-2023-update/ I am using UNG as a proxy for Natural Gas futures. Here’s the picture on Nat Gas (hourly) continuous futures: As you can see, we are about to hit or have hit some very important support. An ABCD, 1.27 extension and the .786. We […]
S&P 500 Index – March 15, 2023
Posted on March 15, 2023 Leave a Comment
Perspective … we made a higher low today. Let’ that sink in … Now, my stance is to remain bearish and I do believe we are in the very early stages of a smashing wave 3 and, add fuel to the fire, it’s a “3rd of a 3rd” wave down. Wonderful … Near term, the […]
S&P 500 (cash) – March 14, 2023
Posted on March 14, 2023 1 Comment
As expected we are rallying after completing 5 waves. If you take a peak at the (2) around 4077 that is the beginning of the wave that we are retracing. Take note, we could go all the way up to that level and still fail and the count would be valid. Also, take note that […]
Banks – March 13, 2023 (updated)
Posted on March 13, 2023 3 Comments
Last post on the Banks: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/09/banking-index-march-09-2023-update/ So here’s the deal folks, I had NO IDEA that there was a banking crisis brewing when I put the GART SELL on the banks – it’s just a pattern. And, guess what, I’m trying NOT to pay attention to the ongoing machinations of the Federal Reserve, or some […]
UNG – March 13, 2023 (update)
Posted on March 13, 2023 Leave a Comment
Last post on Natural Gas: https://atomic-temporary-44460632.wpcomstaging.com/2023/02/24/natural-gas-part-ii-february-24-2023/ That gap down was a bummer … but, we have found support and bounced nicely. As you can see above, any move higher will run into the wall of China above (big gap) and probably fail the first or second time. But, obviously, we want it to close up […]
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