SMC Update 10-5-23

10/05/2023


Comments (5)
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fast3777
fast3777

Can you say "crash"? You ain't seen nothing yet. This historic fractured market has just "Topped" in nested 1,2's down baby down on tap.

daniel039209
daniel039209

fast3777 said:

Can you say "crash"? You ain't seen nothing yet. This historic fractured market has just "Topped" in nested 1,2's down baby down on tap.

oh, just stop ...we already had a huge decline that HELD the 200 dma in the SPY...crash postponed.

jackwaterman224588
jackwaterman224588

NDX/DOW ratio chart is heading up???

jackwaterman224588
jackwaterman224588

Going back to old habit looking for projection that is not given is Very old bad habit, Stick with NQ YM. Equal weight anything is waste of time.

daniel039209
daniel039209

We broke SPX 4450..(sep 20th) measured to 4320/then 4220) we hit that today, now will be interesting how high ( or low) we can bounce back. going to be a very volatile time till market finds bottom. Q4 is usually positive by 2.5-8% historically. long road ahead My guess is 430 ish on the SPY which is 4320 SPX should cap the rally

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