SMC Update 3-29-23
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Comments (4)
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Please accept my apologies for a very late update. It took me several hours to prepare, then edit, then render, then download and some intermittent computer problems exacerbated the situation. Fortunately, I got it online well before the market opening. Let's hope I'm reading things right!!
I don't get it. So on the weekly, there's massive upside projections for BTC but on the daily, there's downside ones? Does that mean we expect downside in the near-term and upside on the long-term? The updates aren't presented succinctly and leave me more confused than providing direction.
not a huge deal but march 27 the NDX was , according to my data, NOT bearish engulfing. low on the 26th was 12608 low on 27th 12,647. and it isnt clear why you disregarded the BULLISH engulfing weekly candle on NDX with close 12519( 3.17.23 wk end) until we break that, not clear that we are in danger
VXX one of the worst ( or best if your in charge of it) inventions on Wall St to separate people from their money. Also, like i did post 7 hours ago: NDX has to hold( and it did) the CLOSE of that weekly bullish candle March 17 - 12,519. Im still surprised Peter totally omitted that weekly bar. it will be significant going forward.
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