Awesome work Peter

The synergy between the turning point date, the trendline, and the 200 average could be very powerful. Thanks for your informative updates.

Hey Peter isn't the downside projection on 48.4/55.3 on SPX and ES invalidated now? I know NDX is more of a nick and the weekly downside on NDX (the big one) is still very much in effect. However, on the SPX, I saw the 48.4/55.3 create an upside projection with upside stats of 80% to 4369 to 4563. I still think downside will happen big time but these upside ones with the good odds seem like they will also likely happen as did the upside ones in mid April of 2020. What are your thoughts?

Upside projections for both dow and s and p. Assume we go higher.

spencerdavis2000 said:

Hey Peter isn't the downside projection on 48.4/55.3 on SPX and ES invalidated now? I know NDX is more of a nick and the weekly downside on NDX (the big one) is still very much in effect. However, on the SPX, I saw the 48.4/55.3 create an upside projection with upside stats of 80% to 4369 to 4563. I still think downside will happen big time but these upside ones with the good odds seem like they will also likely happen as did the upside ones in mid April of 2020. What are your thoughts?

I know you follow the updates pretty closely, Spencer, so I'm assuming (perhaps not a good thing to do :) ) you saw the one where I acknowledged the 48.4/55.3 downside had been invalidated and new nominal 20 week upsides generated but then I spent a considerable part of the video discussing the same offset in prior bear markets and how, despite excellent current statistical success) those projections were subsequently invalidated. One of the mot important elements in my interpretation was that the NDX did not confirm the 48.4/55.3 readings from SPX. As I am writing this around 11:45 Pac time on 12-6-22, SPX has given a confirmed downside projection from the 65 min chart down to 3799-3851. I think the odds are small that BOTH upside and downside on SPX will be met. Time, as always, will tell!

Peter If No new lower projections were given or confirmed today please go over what it would take over next few days to give a new downside projection. Thanks ~ Dorothy

Peter Eliades said:

spencerdavis2000 said:

Hey Peter isn't the downside projection on 48.4/55.3 on SPX and ES invalidated now? I know NDX is more of a nick and the weekly downside on NDX (the big one) is still very much in effect. However, on the SPX, I saw the 48.4/55.3 create an upside projection with upside stats of 80% to 4369 to 4563. I still think downside will happen big time but these upside ones with the good odds seem like they will also likely happen as did the upside ones in mid April of 2020. What are your thoughts?

I know you follow the updates pretty closely, Spencer, so I'm assuming (perhaps not a good thing to do :) ) you saw the one where I acknowledged the 48.4/55.3 downside had been invalidated and new nominal 20 week upsides generated but then I spent a considerable part of the video discussing the same offset in prior bear markets and how, despite excellent current statistical success) those projections were subsequently invalidated. One of the mot important elements in my interpretation was that the NDX did not confirm the 48.4/55.3 readings from SPX. As I am writing this around 11:45 Pac time on 12-6-22, SPX has given a confirmed downside projection from the 65 min chart down to 3799-3851. I think the odds are small that BOTH upside and downside on SPX will be met. Time, as always, will tell!

ok thanks Peter