SMC Update 10-13-20

10/13/2020


Comments (4)
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jd_rock
jd_rock

Your comments on SLV would be appreciated? Appreciate the great update(s) & thanks for mixing it up a bit. Looking forward to when you're adding the software via the web. Long time fan!

arcon00224
arcon00224

? Peter I love the grammatically-focused rant, keep up the good humor! Cycle projections are outstanding too, of course!

Yadunath
Yadunath

No, Sir it's not repetitive. I would rather like you to stay focussed as you're always than go astray and all over the place. S& P 500 is worth the focus, if anything..!! On a related note, it's still hard to grasp the upside forecast for more than one reason. Firstly, RSI is already showing a negative divergence pointing to lack of steam on upside. Secondly, at 12450 levels, NDX will form a double top, a bearish pattern hard to ignore. Even if it manages to pierce all this @12750 levels, there's major Gann resistance level for NASDAQ.

daniel039209
daniel039209

i have had a difficult time with the big downside projections in SPX & NDX (with no upside seen in NDX and outlier in SPX)and well, frankly, SPX has rallied ? 300pts and now we are facing only the upside hard to trade the swings/cycles, following continuum

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