SMC Update 2-17-22

02/17/2022


Comments (4)
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stockninja
stockninja

Can you take some time to do a quick update and show NDX and SPX current projections. Those are just as important.

thomascarreno1965
thomascarreno1965

The precise time of the full moon was 11:57am. Eastern time the market ran up and peaked within 10 minutes of it between 1150 am and 12 noon look at the 10 minute chart to confirm for yourself

victorsiegel1002
victorsiegel1002

stockninja said:

Can you take some time to do a quick update and show NDX and SPX current projections. Those are just as important.

Not only are they important, but what we are here for. I very much appreciate ALL of Peter's analysis, but to skip even a mention of what we are here for(his projection work) seems inappropriate. Peter, you keep saying that the likelihood of the 1929 analog to repeat is very slim, yet you skipped your projections tonight which are pretty predictable. Meanwhile, I believe from yesterday's video, I can see that we should have still triggered an upside projection to 4500ish. I see that hitting as soon as tomorrow or by Tuesday the latest. And if so, we will be above the 10 day moving average that you suggested we should not rise above again to keep the correlation to the 1929 drop. I would love to hear your thoughts on this.

Ken12341429
Ken12341429

realizing you are using the djia for the crash analogue, I can't help but notice how nicely the ndx lines up beautifully, and is very near the 1/24 low. for what it's worth...

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