SMC Update Week Ending 5-21-21 REcorded 5-23-21

05/23/2021


Comments (8)
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Optimus
Optimus

Thank you, Peter. Good to know that at times looking at the S&P 400 EW can confirm the S&P 500 projections.

Hsiang76
Hsiang76

Hi Peter, it's really difficult to trade lately based on your daily updates: during the last couple session the narrative was that we will hit 39xx-4030 as target px on the SP500, not even a week has passed and now the 7/8 off set is showing a all time high px target. Imagine someone took a position based on every video and talking about the price target, what would his win/miss ratio have been? In other words, could you share the 3.5/4 and 7/8 offset (ie the short term, since trading the 1.75/2 cycle is really difficult due to gap up/downs) statistics with us? It’s choppy and difficult lately.. I know. Many thanks

adwhartonmd232
adwhartonmd232

Peter Cryptocurrencies have been in the news so could you look at Bitcoin, ETH, and the smaller like Stellar Lumens Thanks

adwhartonmd232
adwhartonmd232

Peter Cryptocurrencies have been in the news so could you look at Bitcoin, ETH, and the smaller like Stellar Lumens Thanks

Optimus
Optimus

Hsiang76 said:

Hi Peter, it's really difficult to trade lately based on your daily updates: during the last couple session the narrative was that we will hit 39xx-4030 as target px on the SP500, not even a week has passed and now the 7/8 off set is showing a all time high px target. Imagine someone took a position based on every video and talking about the price target, what would his win/miss ratio have been? In other words, could you share the 3.5/4 and 7/8 offset (ie the short term, since trading the 1.75/2 cycle is really difficult due to gap up/downs) statistics with us? It’s choppy and difficult lately.. I know. Many thanks

I agree. I tried something different today. Near the close and S&P hitting the target and subsequently stalling at high of the day, I scooped up some inverse ETF to try to get ahead of the flip of direction. Let's see if it pays off.

daniel039209
daniel039209

Optimus said:

Hsiang76 said:

Hi Peter, it's really difficult to trade lately based on your daily updates: during the last couple session the narrative was that we will hit 39xx-4030 as target px on the SP500, not even a week has passed and now the 7/8 off set is showing a all time high px target. Imagine someone took a position based on every video and talking about the price target, what would his win/miss ratio have been? In other words, could you share the 3.5/4 and 7/8 offset (ie the short term, since trading the 1.75/2 cycle is really difficult due to gap up/downs) statistics with us? It’s choppy and difficult lately.. I know. Many thanks

I agree. I tried something different today. Near the close and S&P hitting the target and subsequently stalling at high of the day, I scooped up some inverse ETF to try to get ahead of the flip of direction. Let's see if it pays off.

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves." Peter LYnch quote The market gapped up from Friday close, and we are gapping up again. careful out there

bryansmith1751
bryansmith1751

daniel039209 said:

Optimus said:

Hsiang76 said:

Hi Peter, it's really difficult to trade lately based on your daily updates: during the last couple session the narrative was that we will hit 39xx-4030 as target px on the SP500, not even a week has passed and now the 7/8 off set is showing a all time high px target. Imagine someone took a position based on every video and talking about the price target, what would his win/miss ratio have been? In other words, could you share the 3.5/4 and 7/8 offset (ie the short term, since trading the 1.75/2 cycle is really difficult due to gap up/downs) statistics with us? It’s choppy and difficult lately.. I know. Many thanks

I agree. I tried something different today. Near the close and S&P hitting the target and subsequently stalling at high of the day, I scooped up some inverse ETF to try to get ahead of the flip of direction. Let's see if it pays off.

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves." Peter LYnch quote The market gapped up from Friday close, and we are gapping up again. careful out there

From first hand experience, I can say that's true. I got destroyed last April and May following a technical analyst who was calling for a correction.

bryansmith1751
bryansmith1751

jefflane8592 said:

I will be shocked and amazed if that downside gold projection is met.

I had that same experience and of shock at at prediction and the software turned out to be right.

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