SMC Update Week Ending 7-2-21 Recorded 7-4-21

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SMC Update Week Ending 7-2-21 Recorded 7-4-21

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07/04/2021

Comments (3)

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spencerdavis2000

2 years ago

thanks Peter happy 4th of July

bradwalter433

2 years ago

Thanks Peter. Great job as usual. I appreciate your patriotism and support for this great nation!

Peter Eliades

2 years ago

Moderator

jshemanski49196 said:

Hi Peter, Could you please clarify if the upside projections in the DOW are not a fly in the ointment of the bearish outlook?

Simply stated, J, it cannot be ignored. If the SPX and NDX projections are right about a top, then there are two main possibilities... namely 1)a decline by SPX and NDX from here where the DJIA outperforms and remains at current levels or higher then goes to projections as NDX and SPX rally back to these highs or slightly higher if there is a "loop" projection, or 2) an invalidation of the DJIA upside projection. There are, of course, other possibilities but I consider these two the most likely...

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