SMC Update 10-7-21

10/07/2021


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nimishtrading263
nimishtrading263

Thank you, Peter, for this video. I looked at the SP500 Closing price 10 week chart and there is a downside projection given as of the end of last week, which has not been met as yet. However, all it requires is a close above the offset at 4395.43 today for the downside to be invalidated.

clue watcher
clue watcher

Based on this week's experience, respectfully request that daily commentary be limited to to daily and weekly charts and projections. I.e. Leave the hourly to those who can update because they purchased the software. Thank you.

markanderson22111352
markanderson22111352

Why do you use the 65 min chart?

Jeff
Jeff

Peter, I know you realize your system is very useful and one of a kind. I also realize there is lot in your head that has to be applied to "tweak" probable outcomes by doing it the "old fashioned way". However, hearing your opinion every night is wonderful, and should not stop. But I KNOW your software could be upgraded to do the things you do in your head and on a piece of paper. In addition, your trendline analysis, advance decline along with an assortment of other indicators seem to be your bread and butter per se, to complement the projections. Wouldn't it be nice if that for us less experienced, your software was in real time, gave you instantaneous estimates vs confirmed downsides. I am not criticizing what you have accomplished, (which is amazing lifetime work). I know from my Engineering and Computer background, your system has much much more potential for ease of use/application/speed than it is at the moment. And maybe, that is already in the works. This post is meant to be a sincere complement and hope for future upgrades. Appreciate all the hard work. Thanks Jeff

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