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.
Dow Jones Industrial – May 14, 2024
Posted on May 14, 2024 Leave a Comment
Last post on the DJIA: https://atomic-temporary-44460632.wpcomstaging.com/2023/12/18/dow-jones-industrial-average-december-18-2023/
Just updating the DJIA average post charts …
The entire read area is the big zone of resistance. So, while it is exciting to see the strength of the market (s) – they are banging into STIFF resistance.
So, CAVEAT EMPTOR, for now … let’s see them blow thru the above resistance before I really get on the bandwagon.
Then there is my “go to” – XLP / $NYA.
Yes, there are only 30 stocks compared to the 5000+ for the NYA, I’m looking for “institutional sentiment” by the ratio.
The thesis being IF this was truly RISK ON THEN this ratio would be falling hard. Note, it is not. In fact, it found support at the largest (pink) corrective move in the history of the ration (roughly 20+ years) and there was a “daily 3 drives” right at that level and, thus far, it’s showing strength.
Hence, the market should be finding resistance/going down … it’s not so something is amiss now isn’t it? Yes.
Either the ratio blows thru (to the downside) the .618 retracement and the .618 abcd and the largest measured move down ever (pink arrow) and, finally, a daily 3 drives then YES this is a very bullish market and the ratio will probably go lower causing the markets to explode even higher and target the lower level … then she tops.
Who knows? For now, I’m just waiting to see which way she blows and then try (operative word) to get a piece of it and not be greedy or emotional. Tough sometimes, isn’t it?
Then we can’t forget to mention the coolest/craziest square out that we’ll ever see in our lifetimes again – today is 18, 121 calendar days from the all time low in 1974. I took a look at the last time the trend line was hit and it took almost 5 months for the market to finally give away. So, perhaps we shuck and jive up hear up and down until she just gives? Certainly a possibility….
Take a look at the chart on the hourly. Note, the “exact” trend line could be off w/ slippage and the chart package but close enough. So, I just don’t see the market taking off like crazy w/ this square out happening – now. But, the market is always right, so maybe it doesn’t care about the biggest square out ever ? Perhaps not?
US Dollar Index – May 11, 2024
Posted on May 11, 2024 Leave a Comment
Last Post on the USD: https://atomic-temporary-44460632.wpcomstaging.com/2023/11/30/us-dollar-index-november-30-2023/
You might want to spend some time and go back over that post as it lays out – in pretty good detail – the potentialities w/in the USD complex. What I do know is we are hitting patterns – just like everything else – and the USD is a ‘big deal’ w/ the yards and yards and yards of currencies flowing throughout the world.
Back when I started to learn FX the statistic was that all the worlds exchanges trading everything/anything they can would have to operate continuously for 90 days straight to equal one day of volume on the currency markets. Can you imagine how big it is now? Yup .. when you jump in to the ring of Foreign Currency trading, as Mr. Joe Dinapoli told me once “in a cage w/ angry an hungry gorilla holding dynamite and …they dynamite is lit.” Not kidding …
So, FX and, therefore, the US Dollar Index are something to always keep in your scan.
The gameplan laid out w/in the last post above has been working its way out, almost exactly (like a roadmap one might say), and we are now at the demarcation of the bullish or bearish scenario.
You know what, have no idea which way its going to go but , believe it will be revealing itself very soon.
The “bearish” USD count is as shown. IF we go above the “big read 2” then I’ll have to alter the count, which I have no problem doing. I like this count because of the expanded flat. It’s one of my favorite PATTERNS to look for … the ‘tip off’ that we might have more probability of the expanded flat than anything else is that the ‘c’ wave is almost exactly equal to 1.618 ‘a’. That’s the classic relationship or guideline and the fact that it’s hard to NOT count the 3 waves down. Folks, that is sure looking (the red box) to be an expanded correction and therefore we just finished wave (2) of 3 and it’s time to expect a nice bit of dollar thrashing for the coming weeks/months.
If we blow thru the smaller red (2) then I’ll have to throw it all away and readjust, which I have no problem doing.
Here’s the monthly correction with all the SAME measured move (blue arrows) that always occur.
Copper – May 11, 2024
Posted on May 11, 2024 Leave a Comment
Been watching this one for a while. SELL PATTERN complete on Copper.
I’ve also created the geometry “real time” of COPX and ETF for the Copper Miners. Pretty amazing …
PFE – May 01, 2024
Posted on May 1, 2024 Leave a Comment
Last post on PFE: https://atomic-temporary-44460632.wpcomstaging.com/2023/11/15/pfe-november-15-2023/
PFE -in the support zone.
While I do not like to discuss the stock due to its obvious political overtones, in the end, it’s just numbers.
The numbers representing Pfizer appear to be in the targeted zone for support. I would stop out below 20.
Due to the nature of the 5 wave move UP into the 60’s target, I would e3xpect this “bounce” to fade out in/around 38-40 for now. Why?
That’s the size of the last major bounce …
TSLA – April 29, 2024
Posted on April 29, 2024 1 Comment
Last post on TSLA: https://atomic-temporary-44460632.wpcomstaging.com/2023/07/20/tsla-july-20-2023/
A PATTERN is just a pattern. LOT of bearish talk about TSLA but here was the PATTERN.
Updated the count … is TSLA on it’s way to new highs? Who knows …
Apple (AAPL) – April 27, 2024
Posted on April 27, 2024 Leave a Comment
Last post on AAPL: https://atomic-temporary-44460632.wpcomstaging.com/2024/01/28/apple-aapl-january-28-2024/
Pretty wild that the worlds most famous company seems to certainly adhere to the vibration of those trading/investing in it … the geometry has certainly been something.
Dare we trust my Elliott Wave Count showing 5 waves complete from a couple posts ago? Or, the fact that the geometry creating the gravity center up there in time and space caused the resistance which – thus far- cause AAPL to star falling from the proverbial tree. Is it going to hit any of us on the head?
So, we have broken and closed below (on a monthly basis) a 21 year support trendline (have no clue if that’s important from a fibo perspective or not) and the next realy important trend line is the dashed purple support line … it’s already been tested and worked causing the most latest run up to all new time highs …
Guess the question is are you willing to make the bet that the “dashed purple line” will hold as support again and AAPL continues its amazing run higher …hmmm.
Bart's Charts 