SMC Update Week Ending 10-1-21 Recorded 10-2-21

10/02/2021


Comments (6)
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escheuerman791
escheuerman791

Peter - thank you for sharing your very valuable opinion with us!

escheuerman791
escheuerman791

At your convenience - could you review Bitcoin - it seems like its breaking out. Is 34-5 K still valid?

Optimus
Optimus

Thank you, Peter. Market is topping nicely. A request to update on RUT when you can please. Thanks.

sparklemusic297
sparklemusic297

why on the wabsite your wab chart shows spy has more up target around 455, NOT DOUWNSIDE target at all? please explain

sparklemusic297
sparklemusic297

why on the wabsite your wab chart shows spy has more up target around 455, NOT DOUWNSIDE target at all? please explain

Optimus
Optimus

sparklemusic297 said:

why on the wabsite your wab chart shows spy has more up target around 455, NOT DOUWNSIDE target at all? please explain

@Sparkle, I will let Peter confirm, but yes, I see what you mean. When I look at the daily projection of the smallest offset, projections do show a higher projections: SPY target of 455. My understanding of the reason is that the online web app is at the moment showing closing data of SPY prices from end of day Friday, Oct 1st. However, the web app will get the updates of closing prices from today, Oct 4th, later this evening and reflect any changes to projections when you check back tomorrow morning.
Also, Peter pointed out that the current projection are higher, at the end of the weekend update if you recall. He basically said that as of Friday's close, there were no confirmed downside projection yet! Hope this helps.

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