SMC Update 4-5-23

04/05/2023


Comments (5)
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brian1469
brian1469

Thanks Peter. Anyway you can look at the $DXY on the weekend update. It has some funky projections the 48 that was just given and it looks like we are close to hitting all the downside targets

daniel039209
daniel039209

Have a goo Easter holiday !

brian1469
brian1469

Still think we can rally for another leg, today acting like it. Should get a great shorting opp on a lot of things from it. Wonder if we can get to the 24 at 4238 on the ES

Still waiting to put a hedge on. Does anybody know if futures are open during the job reports tomorrow?

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brian1469
brian1469

Jobs report was a nothingburger this morning in the futures. Everybody have a great weekend!

brian1469
brian1469

cfcufstz2530 said:

"Striking similarities". The 20 week MA(3989) is above the 50 week MA(3957) and SPX price(4105) is above both, a condition which didn't happen during the 2001-2002 bear market, 2008-2009 bear market or any other bear market in the last 70 years.

I find all this bear market bull market very subjective. Couldn't we just be still topping out

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