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bottoms and tops of circles …S&P 500 an update

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. […]

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1×1 exceeded since inception … kaboom

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 […]

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Update on the ‘birth’ of the S&P500 and Friday’s close

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 […]

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Using Elliott wave, the easy way

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 […]

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1856 ….

if you read my last post (here: http://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 […]

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CHANCE favors the prepared mind …

I have learned almost everything I know about the TRADERS MINDSET from Larry Pesavento of 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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revisiting the XLP/SPX ratio … AGAIN in June 2015

time for another update … take note, HIGHER LOWS in the ratio and it bounced off the .786 retracement w/ a nice MONTHLY hammer.  It sure appears this ratio is about to go up, which should put pressure on the stock market to move higher. this has taken a LONG time to itself out …. […]

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IF you do ONE thing please WATCH this video …

Larry Pesavento (www.tradingtutor.com) is not only a mentor but a true friend and guiding example of integrity, passion and truth in the financial markets. He’s 75 (acts like he’s 16) and has made his living trading the markets for 50+ years. It’s an extreme honor to call him a friend. SPOILER ALERT: over the years he called […]

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