SMC Update 6-25-24

06/25/2024


Comments (5)
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daniel039209
daniel039209

Haven’t watched video but the CONDITION of the A/D line is just that; a condition not any type of causation From Walter Deemer , a very well regarded technician “We now need 3428 cumulative net advances to eliminate the current breadth divergence; 775 more than yesterday.”

Divergences either get fixed or lead to some more pressure. no one knows in advance.

csamsd834
csamsd834

I have said for a year now that the semi index will tell the tale! Why? Because its led the way UP with NVDA soaring. I think Peter that most can track SMH better than the SOX so maybe you can focus on projections for the semi ETF - I think it would be more valuable. Thanks

csamsd834
csamsd834

I have said for a year now that the semi index will tell the tale! Why? Because its led the way UP with NVDA soaring. I think Peter that most can track SMH better than the SOX so maybe you can focus on projections for the semi ETF - I think it would be more valuable. Thanks

daniel039209
daniel039209

are you concerned that the DJ transports are now above their 200 dma ? I think you were really focused on that event along with new high in DJIA. How does that affect your bearish view based on those setups?

Peter Eliades
Peter Eliades

daniel039209 said:

are you concerned that the DJ transports are now above their 200 dma ? I think you were really focused on that event along with new high in DJIA. How does that affect your bearish view based on those setups?

One day slightly above and today back below. Those conditions have already been satisfied. Only condition to call the negative pattern into question would be new all-time highs in SPX with Dow Transports remaining above their 200d MA...

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