SMC Update 2-21-24

02/21/2024


Comments (4)
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csamsd834
csamsd834

I understand the bearish posture based on your single indicator. However, you might want to explore SMH and NVDA as semis led by AI and NVDA are powering the NDX to new heights. Can you do another "short" update analyzing NVDA and the SMH? thanks

XXSPOWER127
XXSPOWER127

I have not watched the video as of 6.50 AM EST

I bet its gonna be about the NDX TO DIA
well THAT RATIO will be voided cause APPL AND AMZN AND MSFT are now all bangers in the dow

OK TIMEFRAME 1-3 DAY

30 MIN

91-104 OFFSET

I see shorT~term

91-104 /NQ 18089-18208 157.3-159 /NQ 18215 IF WE GET OVER 18020 314-358 / NQ 18394 IF WE GET OVER 18102

No one else provides or can see what I SEE

how about U BRIAN? u wanna curse at me some more?

YUGEGAINSATHEOPEN

daniel039209
daniel039209

XXSPOWER127 said:

I have not watched the video as of 6.50 AM EST

I bet its gonna be about the NDX TO DIA
well THAT RATIO will be voided cause APPL AND AMZN AND MSFT are now all bangers in the dow

OK TIMEFRAME 1-3 DAY

30 MIN

91-104 OFFSET

I see shorT~term

91-104 /NQ 18089-18208 157.3-159 /NQ 18215 IF WE GET OVER 18020 314-358 / NQ 18394 IF WE GET OVER 18102

No one else provides or can see what I SEE

how about U BRIAN? u wanna curse at me some more?

YUGEGAINSATHEOPEN

Spoiler alert..... you can only imagine, nothing but downside projections: and the ratio, which is anchored into very different market conditions. P/E on tech stocks in 2000 was astronomical- CSCO was 135! IN 2021 , you had the NON earning stocks ( upst, twlo, cvna) AND were on cusp of huge change in interest rates. This is unlike those setups.

daniel039209
daniel039209

csamsd834 said:

I understand the bearish posture based on your single indicator. However, you might want to explore SMH and NVDA as semis led by AI and NVDA are powering the NDX to new heights. Can you do another "short" update analyzing NVDA and the SMH? thanks

agree,CSAM, would appreciate something maybe showing upside potential....? It could still be a "lower high" on NQ.z but hard to be short while they gap 350

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