GS Goldman Sachs Target HIT
Posted on May 10, 2021 Leave a Comment
last post on GS: https://atomic-temporary-44460632.wpcomstaging.com/2021/03/17/goldman-sachs/
monthly SELL pattern on Goldman complete.
note the thrust into this level .. begs of caution so either WAIT for a daily (<362) or weekly (<350) signal reversal candle to initiate a short OR HERE but out above 377.
either way, when you have multiple monthly projections and extensions all coming together in/around here one should take notice.
of course, it certainly can blow thru this level to the upside (it’s only probability) but this is some very STIFF areas of resistance so only time will tell.
also, for those who might understand why I write the following OR want to go and dive into a rabbit hole … 373 is a prime number. we’ll leave it at that …
Bart
FX Currency update
Posted on May 9, 2021 Leave a Comment
last post on US Dollar Index: https://atomic-temporary-44460632.wpcomstaging.com/2021/02/22/usd-index-close-to-a-big-move-up/
well, it’s certainly getting interesting.
watch the levels shown on the GBP and the EURO and USD Index to get a feel for what might be coming this week.
IF we hold these levels then expect dollar strength .. EURO and POUND weak.
IF we FAIL on these sell patterns for the EURO and the POUND then the dollar will take a pounding and go right into the level we have been waiting for what seems like a LONG LONG time … stay tuned tonight.
personally, WAITING and have a “hunch” that the levels will fail (USD weakness) and go forth and attack the lower level shown on the USD Index which is the SAME level equal to EVERY move lower in the USD in the past 30+ years. worth waiting for … don’t you think?
XLP/$NYA – our favorite ratio and a twist…
Posted on May 5, 2021 2 Comments
you realize I watch the XLP/NYA ratio – a lot – and one of the things that I never did till today is look at the “time” component of the first leg down from the XLP inception. today I did and that “time” component aligns nicely w/ a “May” timeframe to really be on the look out for HUGE support in the ratio (which equates to weakness in equities) just a little further below.
if you look at the most recent action certainly looks like we have one more wave lower into the HUGE SUPPORT zone and then, well, it’s judgment day in my humble opinion.
CSCO – getting interesting
Posted on April 22, 2021 Leave a Comment
last post on CSCO: https://atomic-temporary-44460632.wpcomstaging.com/2021/03/28/csco-follow-up-and-important-level/
note the BIG polarity principle shown from the dashed red and green horizontal lines .. waiting for a daily or weekly close below 50.32 is probably the most conservative play …
also, note that the support at 51.42 is the AB=CD level and is holding as support
last, while the AB=CD was taken out most/all the ratios hels in the zone of 51.42-52.92.
an interesting pattern w/ big ramifications upcoming …
Deutsche Bank
Posted on April 21, 2021 Leave a Comment
if you have been following my blog for a while you know I keep a steady eye on DB (Deutsche Bank) for as long as “they” stay solvent the band will play on … that being said, DB is fraught w/ peril as is the entire world economy and financial infrastructure. yes, I just typed that …
DB finished an AB=CD off the all time lows … it starts getting liquidated you might want to run for the hills.
not trading/investing in it … but watching it big time simply due to the second graph below.
MJ update
Posted on April 21, 2021 Leave a Comment
last post on MJ: https://atomic-temporary-44460632.wpcomstaging.com/2021/04/13/mj-alternative-harvest/
target hit today so should be long and stop out if we go below the 19.53 low and we can try again
Bitcoin Update – Island Reversal
Posted on April 18, 2021 1 Comment
last post on the Coin: https://atomic-temporary-44460632.wpcomstaging.com/2021/04/13/bitcoin-update/
our last post on Bitcoin ID’d multiple patterns … multiple AB=CD, a 3 drives and a butterfly sell all in the 65-68 area. in my original post I just took a look at the chart “real time” and said 66-67 but did some work on the intraday charts and 65-68 is the zone. honestly, I wasn’t worried about being too precise because I’m generally looking for this wave to end and 4th wave correction to occur so i can BUY again. right now, I’m going to say that based on the gap down today, that we have a Wave 3 complete and are correcting in Wave 4. again, there are targets a little higher but I’m not going to worry about that now as it appears that this gap down has things going in the 4th wave correction direction.
also, note on the 60 minute chart, that we can certainly label this an island reversal and – if that is the case – then we can expect lower over the coming days and weeks.
now, am I screaming the top is in w/ the Coin? absolutely not … I’m looking to BUY again but found that the risk of continuing w/ my position outweighed the downside. now the hardest part – trying to get in a moving market. that part, for now, is TBD.
TBT – tricky
Posted on April 15, 2021 Leave a Comment
please see chart below … ultimately, it’s about risk control and how much risk one is willing to take.
our thesis is the 14-15 dollar low was a BIG low and we are very early in a multi-year (multi-decade (?)) rise in interest rates. yup, you just read that correctly …so to manage risk, one must understand that there is a potential that the trend has changed and we now have 3 different levels to enter …
here and now … GARTLEY 222 pattern complete at the low however, a nice gap down warns of lower prices. gaps into a level beg of caution …
19.14-19.42 …realistic w/ that gap down and lands basically on the top of the channel w/ polarity in play.
18-18.50 .. a lot of ratios and polarity principle (red line) … that looks good.
so, if the low today was the low but you don’t like the gap down then WAIT for a daily/weekly CLOSE above 21.50 for confirmation and BUY or if you do not think the low was today then WAIT for the two levels below.
either way, risk is basically in the 16-17 former cluster or the low at 14.28. that’s the true support zones. the lower breaks then the entire thesis is 100% wrong.
Global Dow target hit
Posted on April 15, 2021 1 Comment
last post on Global Dow: https://atomic-temporary-44460632.wpcomstaging.com/2021/01/10/global-dow-9-10-higher/
note PRICE and TIME of the wave 1 and wave 5 in this wave starting from 2009.
we are attacking the target zone for an inflection – now.
stay tuned
BITCOIN update
Posted on April 13, 2021 1 Comment
last post on BITCOIN: https://atomic-temporary-44460632.wpcomstaging.com/2021/03/26/bitcoin-futures/
Bitcoin has made, as expected new highs and there is probably some more to go … that being said, the count has worked thus far so I’m sticking with it. always open to get the eraser out, as many of you know, but for now we are advancing in the 5th wave of a bigger wave 3.
I closed my position at 57k and have been sitting on my hands TRYING (it’s hard) to not be greedy and let the waves come to me …
as many of you do and some of you don’t I absolutely LOVE SUP Surfing and I had a board member from my non-profit (www.thesupvets.org) in this weekend and he said it was his “best day of surfing – ever.” peeps – it was amazing.
why? reading the waves on which one to take, which one will clobber you (there were plenty of those and which one is a better L or R, etc. same thing goes w/ the market. it’s all number, vibration and … well waves. the chart below is the bigger picture – updated w/ an RSI and commentary. so far, the “set” coming in looks like it could be ridden.
what do I see nearer term(note: trade what you see, not what you believe)is the following:
- RSI: note the stair steps higher, in the bigger picture chart above, as this is the “transition” technicians see when the RSI finds new zones of support and resistance that correspond to a bull or a bear case. in this case – bullish longer term but we also have bearish divergence (new highs in price and lower highs in RSI) that is present in the 5th wave advance of a move … key. so, we can see bearish divergence that corresponds to a 5 wave count and, of course, PATTERNS.
- the chart below is, frankly, a work of art. the synergy that is coming together is remarkable. we have, pretty much, ALL OF THE PATTERNS COMING TOGETHER in/around 66-67. AB=CD, 3 drives to a top and a BUTTERFLY SELL Pattern. WOW.
- so, all this means is this level is REALLY important. if it holds we’ll probably get a BIG correction (the one I’m waiting for) OR BITCOIN WILL EXPLODE HIGHER. it’s just a pattern but man is this one important.
Bart's Charts 