SMC Update 7--27-22

07/27/2022


Comments (2)
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m.hol228
m.hol228

Dear Peter, In your opinion, what are the chances that there will be a final blow off top making new all time highs?

nimishtrading263
nimishtrading263

No chance of a blow-off top any time soon. I am suspecting that since the June '22 low price has formed the lower half of an upward sloping channel, using the Daily candles. Soon SP500 & DJIA are going to burst into the upper half of this channel. The recent highs of this rise from the June low will probably form the mid-channel. Then you will get an idea of the slope of this new channel for the next 2 years at least. ...and always use the log chart...

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