NASDAQ 100 – July 16, 2024
Posted on July 16, 2024 Leave a Comment
Well, folks, here’s another one …
Again, Mr. Jenkins taught me that often times “end of moves” occur when 4.236*AB=CD. (4.236 = 1.618^3)
Right at this level is a monthly projection, 1.618 extension and the 4.236 projection. Throw in a little bearish RSI and …
Folks, trust me, it’s hard to be the only person that I know (and I honestly don’t know if anyone is doing this – just doing it for the dramatic effect. 🙂 ) that is presenting BEARISH PATTERNS completing/completed pretty much all over the place.
I fully expect them to get run over …have no short position on, yet, but just continue to get levels blown out of the water.
OBTW, the projection on the DOW was almost hit but we are in the “red horizontal DOW target zone” so if it’s going down, it “should” be starting soon. If we have another blow off day to the upside tomorrow I’m going to watch some commodities and currencies. OBTW, anyone notice that the BULLISH YEN PATTERNS hit and have held. That “usually” spells resistance for the US equities.
Sure appears the “easy” and “logical” thing to do right now is to be max long and “set and forget it.” Sorry, I can’t.
VIX and S&P 500
Posted on July 16, 2024 Leave a Comment
Love ratio analysis and also love using the PATTERNS w/ it …
Here’s the S&P 500 / VIX ratio.
Note the resistance area we are at or maybe a little higher. Also, take note how high the ratio is compared to, say, 2007? WOW.
My musical note log projection got SMOKED today and so did the PATTERNS. I’m not there yet, mostly because the broader market really didn’t participate .. the DOW and R2000 but the other indices were barely up.
I’m about to throw my “short” strategy in the trash can … another up day like today on WED will have me take out the eraser.
No worries, the PATTERNS aren’t perfect … but man did this one sure look like a GREAT set up. We’ll see …
DJIA – July 15, 2024
Posted on July 15, 2024 2 Comments
Last post on DJIA: https://atomic-temporary-44460632.wpcomstaging.com/2023/12/18/dow-jones-industrial-average-december-18-2023/
Folks, if you want to see why 40,655 isn’t a random number then take a peak at the link above. I was taught this technique by my mentor and friend, Michael Jenkins, and it’s basically using logs – the actual numbers – for projections. In the case above, I noticed something interesting w/ “musical note E” as its projection was present – almost to the point – at the highs in 1987 and 2007. Yeah, no kidding, take a look.
Hence – 40, 655 is a key level and take a note, just a little higher is my favorite technique – Mr. Measured Move.
Now, want to see something amazing? Take a peak to the left side of the chart and you’ll see the harmonics of EVERY MAJOR move in the DJIA. Amazing.
So, just a little higher than the level above, is the measured move and then, when we go down to the daily, you’ll see an almost perfect three drives to a top – right at our level! Can’t make this crap up peeps, can you?
So, that red zone is my target area.
Of course, I don’t have to remind you that at times all this work gets smoked and run over like a freight train. Hence, you never know folks.
One last, thru a little numerology in there … no kidding as I was typing it just came to me to “check out” the current high w/ the all time low.
1.4142 = square root of 2.
28.48*1414.2 = 40, 283
And, let’s not forget this amazing trend line (hint hint from the all time low) that we are batting up against. Yes, I know I truncated the high in the late 1920’s. The reason I did that is because it fits nicely the rest of the price chart. It “looks good” to me.
The .382 of the entire darn run from 28.48 is – basically – 25,000. I’ll take it and, in the big scheme of things might seem like a big correction, but it really isn’t it. Depending on the environment going around, that might be a superb BUY to get into this insane run.
Who knows, but for now, I’m thinking we hit the breaks for a bit.
Utilities – July 14, 2024
Posted on July 14, 2024 Leave a Comment
Last post on Utilities: https://atomic-temporary-44460632.wpcomstaging.com/2019/11/10/utilities/
Got to be honest, this one sure looked like a doozy as the measured moves were really lining up. Thinking about it for a few seconds, this might have been the most spectacular failure of Mr. Trusty Measured Move that I’ve seen.
We are running into stiff resistance … just a wee bit higher and we complete the ABCD.
If the Utilities break above the .786 then the wild wild west continues.
Semiconductor Index – July 14, 2024
Posted on July 14, 2024 1 Comment
Last post on Semiconductor Index: https://atomic-temporary-44460632.wpcomstaging.com/2023/04/05/phlx-semiconductor-index-april-05-2023/
Well, this pattern worked for a little bit but then got blown away. What’s interesting and we see it all the time is that level, once failed, was reattacked one last time before it took off to where it is now. Remember failed levels as, most of the time, they will perform polarity and you can invest/trade off of failed levels also – usually on the first retest and then it takes off. FYI.
So, here we are w/ a ‘valid’ count … and a wee bit higher we have the ABCD. Sure looks like a top.
Also, take a peak at NVDA. Tracks very nicely w/ the Semiconductor Index and also has a daily Gartley SELL that just hit.
Of course, this market continues higher and higher and higher … so, take that w/ a grain of salt.
the YEN – strength? – July 13, 2024
Posted on July 13, 2024 1 Comment
The Yen, across the board is hitting MAJOR LONG TERM TARGETS. While, ultimately, I believe the YEN will weaken more over the long run, the patterns are saying this YEN weakness should be hitting major resistance. Across the board – they are all hitting.
AUDJPY FX – June 3, 2024
Posted on June 3, 2024 2 Comments
I like to track the AUDJPY and had not taken a look at it for a while. Why? It’s been in a VERY well defined parallel trend channel going back decades. I’ve never traded it, but use it w/ equities. Hugh?
It’s actually known as one of those cross pairs that are associated w/ “risk on” and “risk off.” In this case, AUDJPY is seen as “risk on” and it’s interesting to see how this is correlating pretty nicely w/ the equities.
The candles is the AUDJPY spot currency pair.
The red line is the NASDAQ composite
The black circles are just correlation nodes that corresponding to inflections in the market and the light blue rectangles are just showing the time component. Now, please note, one time it didn’t even register and this correlation pretty much failed. But, every other market move, the AUDJPY was inflecting.
So, top of the range and an ABCD target on the AUDJPY. Usually spells a relief/correction in this ongoing insanity higher.
Geometry – May 31, 2024
Posted on May 31, 2024 Leave a Comment
My friend Ponch and I continue to discuss and deeply go into the nature of reality and the express reason we believe in an inherent order in the market … this is heady stuff, translated down into its simplest level – for me. He’s next level .. and a great dude.
Anyway, we’ve been discussing the patterns and the natural expansion and contraction of the markets and the ways its impossible to deny the market behaves in the fractal manner of natural law. That law, governed by sacred geometry.
Tonight, sat down and, as you know, enjoyed sitting in front of a chart and just being… tonight it was, for whatever reason, the Oil Services Sector. (hugh …?) Is what it is peeps.
So, w/out every done this before on this chart and not having to resize it, i just started where it ALL started, the primordial first breadth or ripple in time and space and …that’s all she wrote. 🙂
Here’s a sequence of charts that just show the rock hitting the water and the WAVES of angular energy expand outward in time and price. I say “angular” because that will cause waves of energy out in to any direction …angularly up or down according to …what?
Then, I erase the examples of the waves of energy and just do three things:
- Draw the initial arrow of the “rock hitting the water”
- Create the “first wave”
- Draw the first “square”
- Every angle afterward is directly related to number 1,2, 3 above … wow.
So, what Ponch and I asked, and continue to discuss is it the number OR the geometry that causes the inflections …
Or, are they the same thing …?
Take the time to look at the last picture but, do yourself a little favor, please. Meditate on the picture and subconsciously tell your brain to allow the intersecting cubes become 3-dimensional and something that is a “multi-dimensional” puzzle … just take the time, I’m not crazy (I don’t think) and then you’ll see how this price and time – from the 2D perspective – is giving a less complete picture of the price action with just price and time. If you allow your perspective to be looking into the picture from a 4D or higher perspective – just go ahead and do it. Perhaps have some super cool or trippy (didn’t know what else to type, lol) music playing with stereo headphones and just “stare” at the last chart and allow our brain to start processing the picture from a different ORIENTATION and you’ll see the natural ups and downs of the price action in the real natural rhythmic it can behold. It’s amazing … enjoy!
Silver – May 30, 2024
Posted on May 30, 2024 1 Comment
Last post on Silver (I think): https://atomic-temporary-44460632.wpcomstaging.com/2019/06/17/silver-redux/
I’ll have to look up why me and Silver resonate? Take a peak at the work here on Silver. Folks, it’s not about me, it’s that it’s actually there. Seriously.
Silver: https://atomic-temporary-44460632.wpcomstaging.com/?s=silver
Honestly, been crazy busy and my computer crashed (have everything backed up) but it’s just one big pain trying to get it all situated. Been awhile and felt like going to the charts to just chill … been super busy.
Very thankful for my bud Ponch as I’ve talked to him a bunch and we are working on a brief and concept of “why” the market produces these patterns. Seriously, why are these patterns present?
There are those who SEE.
Those who SEE when shown.
Those who will never see.
Leonardo Da Vinci
In this case, the only “number” on the chart is the .786 retracement that was shown above in the old post. Amazing.
Other than that, it’s all Mr. Measured Move.
And, in fact, right now, it certainly looks like it’s doing what it has done and it’s just seems to follow the simple script … the REAL test will be the upcoming measured move around 35 dollars. If history of this chart is a guide then we’ll get a little / some pullback and then, perhaps, another parabolic take off to new highs? Who knows …all I’m saying, when you SEE the chart below you’ll say “well, look at that?”
By the looks of the current candle, that level looks like it’ll be tested sooner rather than later.
Stay tuned.
Bart's Charts 