SMC Update Week Ending 2-16-24 Recorded 2-19-24

02/19/2024


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brian1469
brian1469

Thanks Peter! The longer term projections are tricky just from using the software the last couple years. It seems they have just been caught up in the continuum's the last 1.5 years. If we can break away from them either way it seems they can become more important to watch. I will say the SPX 100/110 once again was contained to the upside by the midpoint on the upper projection I think if this continues to hold we have peaked.

The market is just such a difficult beast these days. Bloomberg came out and confirmed what I was saying last week. The US is getting beat so bad in wars and foreign influence that the stock market is all that we have left to flex our muscles on. The governement is using the market as a propaganda arm to make us look good in the world. I believe the whole west is doing it.

Here is the bloomberg article. https://www.bloomberg.com/opinion/articles/2024-02-19/stock-markets-are-driving-a-new-american-century?embedded-checkout=true

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