SMC Update 8-13-24

08/13/2024


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daniel039209
daniel039209

Peter, what can you do , differently, that prevents becoming super bearish when we break both of the lines, (that has since Nov 2022 been a terribly wrong view of market) to become even more bearish than you are. We went from "cascading, snowballing,falling..." few days ago, to today, the NDX is showing (preliminarily) a most likely move back to 20000, and the SPX "possibly back to new highs". Almost sounds like you want to be bullish here 19,000 NDX and 5434 SPX. How can one use the software and make money as opposed when your system lines up with breaking of offsets, ends up being 1.5 days within major lows. Again, its been since Nov2022, again in late 2023 and beginning of 2024.

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