Video update Thursday, 01/26/2023 5:41 PM PST

SMC Update 1-26-23

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Comments (8)

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DAV15J

3 years ago

He doesn’t know macro / FA so he can’t say WHY the big picture will still be down. It will be. When US$ resumes its mega bull…

DAV15J

3 years ago

Some people who pay good money don’t care whether or not the service actually is often right or wrong. 🤣

nimishtrading263

3 years ago

DAV15J said:

He doesn’t know macro / FA so he can’t say WHY the big picture will still be down. It will be. When US$ resumes its mega bull…

SP500 to 16-17000 by 2034-35. https://mobile.twitter.com/nimishtrading

nimishtrading263

3 years ago

Parallel channels on the log chart are all you need. https://mobile.twitter.com/nimishtrading

DAV15J

3 years ago

nimishtrading263 said:

SP500 to 16-17000 by 2034-35.

Not with vast fiscal stim, each time there is a (mild or otherwise) recession. More likely little changed, net, for many years. Up and down and up and down. See mid 60s to early 80s Dow. High inflation world then too.

nimishtrading263

3 years ago

DAV15J said:

nimishtrading263 said:

SP500 to 16-17000 by 2034-35.

Not with vast fiscal stim, each time there is a (mild or otherwise) recession. More likely little changed, net, for many years. Up and down and up and down. See mid 60s to early 80s Dow. High inflation world then too.

I'd say that it's following the 1987-1990 pattern so far. 2020 = 1987. 2022 = 1990, with this 50% pullback.