SMC Update 4-8-21

04/08/2021


Comments (9)
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corralvino956
corralvino956

vol indexes looking to rise too.... Thank software's Great man.. superb keep the video services to have a perspective of the overall conditions ,,call me lazy once again really great................ btc

y1267
y1267

For the sake of my puts, I hope your software is right about TSLA and GLD. If so, I will definitely pay for the software...so far they're bleeding :'(

spencerdavis2000
spencerdavis2000

thanks Peter. Out of curiosity, do you ever look at the AD line with your cycles software? Just wondering if it gives accurate projections on the AD line as well

michael221
michael221

I looked at XLK, XLI, XLV, XLE today, they all have no further up end projections. The only one that still has an upper projection to be met is XLF, with financials reporting this next week. SPY is moving up on low volume, tech is looking heavy, I wonder if after this reporting/opex week we will have another test of SPY 370, where the offsets are, and if crossed maybe even further downside projections.

michael221
michael221

I looked at XLK, XLI, XLV, XLE today, they all have no further up end projections. The only one that still has an upper projection to be met is XLF, with financials reporting this next week. SPY is moving up on low volume, tech is looking heavy, I wonder if after this reporting/opex week we will have another test of SPY 370, where the offsets are, and if crossed maybe even further downside projections.

y1267
y1267

michael221 said:

I looked at XLK, XLI, XLV, XLE today, they all have no further up end projections. The only one that still has an upper projection to be met is XLF, with financials reporting this next week. SPY is moving up on low volume, tech is looking heavy, I wonder if after this reporting/opex week we will have another test of SPY 370, where the offsets are, and if crossed maybe even further downside projections.

whats xlf projection at?

Ali
Ali

I followed that 4100 SP target since last summer and I seriously never thought for a second the software would nail it! Kudos Peter - the software has matched you for perseverance! Keep strong

dciwinski973
dciwinski973

michael221 said:

I looked at XLK, XLI, XLV, XLE today, they all have no further up end projections. The only one that still has an upper projection to be met is XLF, with financials reporting this next week. SPY is moving up on low volume, tech is looking heavy, I wonder if after this reporting/opex week we will have another test of SPY 370, where the offsets are, and if crossed maybe even further downside projections.

Michael, are these in the lower end of the projections or at the top? I ask because this week Peter was showing that IWM has a good 8 points to go to reach its projections. Just trying to see how all these would harmonize together.

dciwinski973
dciwinski973

Talk about interesting. Avi Gilbert had a public update on his website with the title: "Do Not Play the Short Side." While his caveat is that things change if the SP500 drops below 4040 he is looking at this current wave going to 4439. I am absolutely with Peter on this. Too many people seem extremely bullish. Exciting times for sure. Jokingly: watch the SP500 now go sideways until October.

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