Peter Eliades SMC Update Tuesday 8-25-20
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Comments (4)
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Hi Peter, your TSLA call was spot-on. Can you occasionally highlight opportunities in individual stocks as well? NVDA? AMD? AMZN?
Yes that would be great! Is there anything going on with time cycle? Look at the monthly NDQ on a long term chart .. UNREAL.
Hello Peter, How come $NDX(D) future on 65M duration. Thought futures/Globax have 27M and 45M time duration. Please, can you shed some light on these time duration variable.
Two questions: First, since the NDX blew past the red line today and closed at 11,971.94, did this give further upside projections or is there a possiblity that this is a "blow-off top"? Second, if there is no further upside projection for the NDX, the SPX is less than 25 points or .7% from the lower end of it's projection. Given the NDX, is this "close enough" for fulfilling all short-term projections? It might be helpful to discuss what is happening on the GLOBEX.
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