SMC Update 1-4-23

01/04/2023


Comments (4)
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dcarter8883312
dcarter8883312

Thanks Peter, ~Dorothy

jshemanski49196
jshemanski49196

Peter, how can we be sure that the downside projections won't be invalidated & not the upside ones?? You're a great guy but I feel that more objectivity is needed here.

brian1469
brian1469

jshemanski49196 said:

Peter, how can we be sure that the downside projections won't be invalidated & not the upside ones?? You're a great guy but I feel that more objectivity is needed here.

Not to speak for Peter but we are much closer at this point to invalidating the upside ones. We should be in the continuum today for the ES 48. To invalidate the downside 24 we would have to move another 400 points up.

So I would say the price action is pointing that way.

Also we have large downside targets on the Nasdaq and Russell now

It still can change so still no guarantees.

Last updated

thebigbluecheese
thebigbluecheese

Hi Peter,

I took a look at weekly timeframes & offsets for SPX (longer offsets in particular) - you might want to check it out. Price for both has crossed below 10EMA Not sure what offset is best for monthly (3.28/3.75?....39/40 is interesting).

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