SMC Speial Update 3-25-25 8-20 am Pacific
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Comments (7)
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Peter, I am a bit perplexed as the web app shows that the 12.1/13.8 is already a confirmed upside projection for the IWM, whereas in both today's and last night's video you indicate that the projection from this same offset are still preliminary. Could you please clarify this?
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i see an update, but i also have a "SORRY VIDEO DOES NOT EXIST" anyone want to share what update was? bullish?
No, bearish again with a stop at 5806 on the SPX, despite apparent upside projections on both the software & web app.
ty, i see it now...Peter has SPX 200dma that are NOT even close to what the 200 sma or 200ema are on my charting software. we are above both. Not sure what he is using..if we get back below in day or 3 , should retrace some of this 4.8% rally off lows ( SPX) EMA 200dma is 5754 ish he is looking at a 50 dma in SPX, thinking we are below it...Maybe he will read this..
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We can make $ on both up and down markets, so I don't see why a rally that fits in with his own software would be considered a negative as is the case on these updates!
The last couple of days Peter has been using a 30min chart instead of the daily charts he normally shows. He’s arguing that since the higher projections haven’t been given yet on this timeframe the rally could end here.
I agree with you; can make $ being long ( a lot more than picking tops and being short over 80# of time. He just has a negative bias. Since late 2022, and doubling /tripling down in late 2023. SPX went up over 50%. He was bear at 3800,4200,5800 6000 6100; odds are SPX has a correction after 2.3 yr rally. We have fallen- although rally back has cut drop in half.. I don’t see any change in his bearish/ “that was the high for long time “ stance. Truth is there are always new higher highs. Prob going to be a higher high in the future. He just has negative outlook .
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