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SMC Update 10-24-23 recorded 10-25-23 7-45 am Pacific

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10/25/2023

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jshemanski49196
jshemanski49196

brian1469 said:

Thanks Peter! Enjoy the rest of your vacation

On the 65 minute charts on the ES and NQ 290/331 is the only thing left to the downside everything else has been satisfied completely

The ES goes to 4198

The NQ goes to 14215

We have hit the topside of both but we do have a reason to go lower today but I believe we will chop around for a while. No upside projections at the time on the 65 minutes

Brian, on the Web App the daily 96.5/110.6 offset is showing lower projections for the IWM (Russell), but not for the SPY nor the NQ. Your thoughts?

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jshemanski49196
jshemanski49196

brian1469 said:

I put on a hedge this morning we are at the bottom of ranges on the 27 and 65 minute projections and we are half way down on the 12/13 daily. Could see a bounce here with GDP this morning I think.

Still don't think it will last long but we will see

Brian, your guidance is appreciated. I only see downside targets of approx 5% on the SPY & NDX based on the new projections from the 96.8/110.6 daily offset, though. Peter referred to the lower target on the weekly 100/110 chart for IWM , but I don't see this on any other index. Your views?

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MJMassens2570
MJMassens2570

almost there! ES futures continuous contract. https://x.com/305CHARTING/status/1717637722599272544?s=20

jshemanski49196
jshemanski49196

brian1469 said:

On the ES we got the 96 on the daily today.

We now have an excuse to go much lower 3958-3783.

The SPX still will be next week most likely

Any statistics available on this projection?

dcarter8883312
dcarter8883312

Peter, You look relaxed. Take those extra days off to be with your loved ones! Stay Safe, ~Dorothy

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