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S&P 500 – July 11, 2023
Posted on July 11, 2023 Leave a Comment
VERY important level approaching in/around 4500 and hen 4525-4550. Frankly, these levels are the last gasp hope for the bears. Note, the time worked out very nicely but the PRICE was not hit and we’ve held support. Doesn’t look to inconceivable that the targets above won’t get attacked in the coming days?
bottoms and tops of circles …S&P 500 an update
Posted on May 17, 2017 Leave a Comment
05/17/2016 – the noise in the market right now is crazy – bull this, bear that, Trump this, Fed that and on and on …today’s sell off hit the top of a circle. see how easy that makes it …? the below was posted 5 months ago looking at this area for a resistance zone. […]
1×1 exceeded since inception … kaboom
Posted on December 10, 2016 Leave a Comment
12/10/2016 – ‘so just hang on to go up or down …’ – looks like it wanted to go up. note the explosive move behind the first time – ever – of going above the 1×1 since inception. a monthly close above this line is very explosive. BUT, I DO BELIEVE WE ARE CARVING OUT […]
Update on the ‘birth’ of the S&P500 and Friday’s close
Posted on November 20, 2016 2 Comments
11/20/2016 – again, “she’s getting ready to blow” but who knows what direction, right? Just pointing out that we did ‘another’ square out on Friday. This one, as they usually are, was perfect. Math is below on the chart. I plan on just going w/ a Signal Reversal Candle – if going short the LOW […]
Using Elliott wave, the easy way
Posted on December 12, 2015 Leave a Comment
I love Elliott Wave – when it works. I used to teach CMT III and the Elliott Wave principle and tried to make it easy. I am guilty, probably like a lot of you, of trying to count every squiggle and label this sub-wave that sub-wave and into oblivion we go. So, here’s how I […]
1856 ….
Posted on August 21, 2015 Leave a Comment
if you read my last post (here: https://bartscharts.com/2015/08/20/i-think-this-is-a-song-of-hope-robert-plant-live-stairway-to-heaven/ ) you’ll understand the importance of a “swing low.” I’m watching 1941 – blue arrow measured move that has happened before but, more importantly, 1856. 1856 represents the largest correction down since 2009 BUT MORE IMPORTANTLY is a KEY swing low area … if we take out 1818 […]
CHANCE favors the prepared mind …
Posted on July 26, 2015 Leave a Comment
I have learned almost everything I know about the TRADERS MINDSET from Larry Pesavento of http://www.tradingtutor.com. He first introduced me to harmonic pattern recognition and after about 6 months I had trained my eye (thru his tutelage) to understand and see the swings. Others – Michael Jenkins (www.stockcyclesforecast) have fined tuned my understanding of vibrations, […]
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