Archives
The YEN – October 13, 2024
Posted on October 13, 2024 Leave a Comment
The Yen hasn’t budged and crept a little higher towards the sell patterns. I imagine this week will be judgement day.
Banks/Financials – January 7, 20224
Posted on January 7, 2024 Leave a Comment
Last post on Banks/Financials: https://atomic-temporary-44460632.wpcomstaging.com/2023/12/04/banks-financials-december-4-2023/ Update … If you’re a BULL you want these patterns to FAIL. If you’re a BEAR you want them to WORK. Banks/Financials lead us UP and they lead us DOWN. Decision time Banks/Financials … Also, take a look at XLF … completed, not only a Gartley SELL but it also […]
Banks/Financials – December 4, 2023
Posted on December 4, 2023 1 Comment
It’s all PATTERNS – at least for me. Here are three VERY NICE SELL Patterns across 3 securities that represent a majority of the banks/financials that are out there. The PATTERNS are saying sell and, if you look at XLF below, the PATTERNS are only 2-4% away so it’s not that inconceivable that they could […]
XLF – July 13, 2023 !
Posted on July 13, 2023 Leave a Comment
Well folks, we are at a pretty big fork in the road. The SELL PATTERN on the SPX is “close” and pretty much hit and then the XLF went up and tagged the lower end of the sell zone … gapped up and then closed at the lower end. One can see a couple small […]
XLF – Financials – July 01, 2023
Posted on July 1, 2023 1 Comment
Trust that everyone enjoys the long weekend enjoying the Birth of our Republic. Question, when is the last time you hear a politician refer to the United States as a Constitutional Republic? I pledge allegiance to the flag of the United States of America and to the _______ Republic or Democracy for which it stands? […]
JPM – May 21, 2023
Posted on May 21, 2023 1 Comment
This is a long term monthly count from JPM that stretches back 50+ years. Folks, certainly doesn’t “feel” like a 5 wave move in JPM is complete but the count doesn’t break any rules so … 5 waves complete? Here’s the daily chart below – calling attention to the island reversals and the island reversals […]
KRE Regional Banks ETF – May 12, 2023
Posted on May 12, 2023 Leave a Comment
Last post on KRE: https://atomic-temporary-44460632.wpcomstaging.com/2023/04/30/kre-regional-banks-etf-april-30-2023/ Supposedly … who knows what is true these days .. 1000’s of banks are underwater. OK … whatever. Here’s when we look at the CHART and we ask should we BUY or SELL or DO NOTHING. KRE sliced thru the first “potential support” and now we approach, what I think, […]
JPM – May 04, 2023
Posted on May 4, 2023 2 Comments
Pay attention to this PATTERN on JPM daily. The past 3 major tops have gapped down and the last two have created island reversals. IF (the BIG IF) we gap down today and leave and “island” then this could be very troubling for the banks and, historically, has led to a pretty big down move […]
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: […]
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