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Markets Part II

a person holding a magnifying glass

6 weeks later, still up against the PATTERN levels. I do think this will be resolving, soon. Which way – not even going to try and guess!

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Where are we …

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Patterns appearing all over the place …the only ones that count are the BANKS/FINANCIALS. They will lead us up and lead us down … bank on it … (get that?)

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NASDAQ Composite – 9/22/2024

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Here or, perhaps, a little higher we are hitting major resistance on the NASDAQ.

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NASDAQ Composite – April 21, 2024

Big confluence zone of support for the NASDAQ.

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The Markets – March 24, 2024

The NYSE Index HIT the square out at 18, 059 and reacted very very minimally (which surprised me to be honest) and is walking up the wall of worry. Today that level is at 18,070. As you can see above, we have not CLOSED ABOVE the 1:1 trend line from the all time low and […]

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XLK / XLP – January 21, 2024

In the chart above, one can see the “blue measured moves” have been important price moves and, from a percentage perspective, EVERY move UP in the ratio has met resistance after the “blue measured move” has completed. Remember, this is LOG scale so 1/ the measured moves are percentage moves and 2/ the corrections might […]

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