Peter Eliades SMC Update 8-12-20

08/12/2020


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jwkim33366
jwkim33366

Not sure if I am missing something but I see the following projection on $NDX.X that has not been met on a minimal basis:7/8 offset daily medianprice $11,346-11,459

Peter Eliades
Peter Eliades

jwkim33366 said:

Not sure if I am missing something but I see the following projection on $NDX.X that has not been met on a minimal basis:7/8 offset daily medianprice $11,346-11,459

You're absolutely right, jw, and that's why we have to constantly work our way back from longer to shorter offsets also. The 7/8 offset is a good example of what I call a "loop" projection. The pullback from the 7-13 and 7-21 highs provided an offset when moved forward to generate another upside projection. Thank you for observing that!

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