SMC Update 5-16-24

Thu, 05/16/2024 Thursday, 05/16/2024 6:06 PM PDT


Comments (6)
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pppsssqqq4919
pppsssqqq4919

When you say 10 weeks offset, does that mean we can reach 5434 to 5469 on SPX within 10 weeks ?.

greenmike94871
greenmike94871

Why are we not looking at Globex? The turning point would be on 23 May. BTC normally leads. it's not leading any more

daniel039209
daniel039209

why so stressed out? are you positioned, with actual dollars, in alignment with your forecasts? You don't seem to take positions at all. Why not 'invest" in your idea generation? Stock Market Cycles used to engage in markets way back.

Also, I wasn't aware that the Wilshire index was 36,000 range in late 2022. That is quite a staggering rally to have fought. If you had real dollars betting on breaking the lows of 2022 , I could understand the levels of stress one would have.

greenmike94871
greenmike94871

daniel039209 said:

why so stressed out? are you positioned, with actual dollars, in alignment with your forecasts? You don't seem to take positions at all. Why not 'invest" in your idea generation? Stock Market Cycles used to engage in markets way back.

Also, I wasn't aware that the Wilshire index was 36,000 range in late 2022. That is quite a staggering rally to have fought. If you had real dollars betting on breaking the lows of 2022 , I could understand the levels of stress one would have.

Like all service sellers, They just don't trade, Only revenue is selling service.

jshemanski49196
jshemanski49196

It looks to me that we have several projections pointing 2-4% higher, including the SPY (541.60-544.76). Will be interesting to see if this is actually the much-anticipated top, if and when these are reached.

Last updated

daniel039209
daniel039209

jshemanski49196 said:

It looks to me that we have several projections pointing 2-4% higher, including the SPY (541.60-544.76). Will be interesting to see if this is actually the much-anticipated top, if and when these are reached.

Thanks , I appreciate the projection levels.

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