SMC Update 1-20-22
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Thanks Peter! Closing below the 200 MA on the NDX is exciting for sure. There is a gap fill at 14800 and the weekly 50 EMA is around 14664 as well. Maybe we will see a move down tomorrow and then a move back to the upside for a dead cat bounce. Looks like there is enough room to the offsets above to trick folks that this move down is over without invalidating the downside projections. Then we will see your lower projections fulfilled.
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