SMC Update Week Ending 5-14-21 Recorded 5-15-21

05/15/2021


Comments (10)
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Jon
Jon

Thanks for the update!

Optimus
Optimus

Thank you, Peter

Jeff
Jeff

Thanks, if market goes up or sideways Monday, a missed opportunity last week to go long at low. I hope you can find another software to draw your trend lines for advance/decline.

Optimus
Optimus

Jeff said:

Thanks, if market goes up or sideways Monday, a missed opportunity last week to go long at low. I hope you can find another software to draw your trend lines for advance/decline.

Sure. But, the snap back of Thursday and Friday would be impossible to predict.

Hsiang76
Hsiang76

Monday needs to have a down day in SP500 identical to last week’s Monday-Wednesday decline (by the virtue of the offsets have same shape as the price chart itself) in order NOT to create a upside projection on the 3/4 and 7/8 period. Hence, I would almost 100% rule it out. This implies we are seeing an all time high again should the all time high target price (around 4250) be met. I’m wondering if this is a loop projection and we could go on like this forever.... since investors are already conditioned to always buy any dip.

daniel039209
daniel039209

is anyone else frustrated by signals given the same day projections are given and met ? how in the world can you position or trade to capture the projection? its given on the downside as market gaps lower. then upside projections given as market gaps higher. if you short every downside and buy the upside, how can you make positive trades? its impossible

daniel039209
daniel039209

the next couple weeks are important? again, i am frustrated by "warnings" given March 19th. GLD has rallied , the market has had rallies, TSLA had rally, and when it looks like its breaking lines giving lower projections the SPX rallied 140 points.

dciwinski973
dciwinski973

With any system, just like Elliott Wave you are never in front of the market for very long. Even with the GLD projections things are all over the place. At this point even if higher projections are given for SP500 I don't know how seriously I will take them.

XXSPOWER127
XXSPOWER127

Peter on the $SPX.X 24.2/27.6 AND... 48.4/55.3 // 60MIN chart and 30min chart both have 100% upside statistical records. What do you think about those offsets? Please check it 05.17.2021 4.16pm EST

Peter Eliades
Peter Eliades

XXSPOWER127 said:

Peter on the $SPX.X 24.2/27.6 AND... 48.4/55.3 // 60MIN chart and 30min chart both have 100% upside statistical records. What do you think about those offsets? Please check it 05.17.2021 4.16pm EST

It's always important to know how far back you have the data set for. 1-2 months is one thing and 1-2 years of 100% would be something else...

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