SMC Update 5-6-21

05/06/2021


Comments (4)
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franks115267
franks115267

I've noticed the media starting to get a bit louder regarding inflation, is it really short term ? Even Janet Yellen is getting twitchy. Then weve had the sage himself talking in depth about the issue. I'm expecting this to rumble on for a while yet but maybe gains more traction just as we're at a top, major ? - lets ask Mr Pretcher what he thinks

Hsiang76
Hsiang76

Oh wow... on the SP500, it seems like we went thru the upper bound of 4206, 4210 and 4216 of the respective short term period offsets like not know through butter. I wonder what’s next now. Peter, could it be that newly generated projections (whether they are real price “targets” created by the FLD or “only” loop projections) are much higher than current level? Or in extreme case, after we reach the 20 week offset at 4314 points, because there are consistently loop projections being created, we may eg see 4600? Many thanks

XXSPOWER127
XXSPOWER127

$SPX.X 96.8/110 TIME FRAME THEN 30MIN/60 MIN CHART HAS 4260.91 upper end green projection. no stats 5.7.2021

rickjendz64
rickjendz64

Peter, Your original long term projections for the SPX was 4,150 - 4,340 (with a mid-point of 4,245) and for the DJIA it was 34,153 - 35,615 (with a midpoint of 34,884). I'm wondering if we will gravitate to the midpoints and peak somewhere around there. We are almost there today as I type this, and I will be watching this closely over the next week or so. I think we will peak sometime before May 20th, and then decline into the end of June. During this period I am expecting a possible crash(s) late May and/or late June. That's how it looks to me. Part of my analysis is based on your wonderful projections. Take care, and wish us all well!

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