SMC Update Week Ending 12-17-21 Recorded 12-18-21

Sat, 12/18/2021 Saturday, 12/18/2021 5:50 PM PST


Comments (9)
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adwhartonmd232
adwhartonmd232

It seem short due to interest of what you covered I especially like the oil Would like to see chart on WTI crude oil Thx

Optimus
Optimus

Thanks. Appreciate your hard work in providing detailed examples and how to take things step by step. Above all thank you for the great calls!

Yadunath
Yadunath

We have a significant downside for NDX, but we don't have a downside projection for S & P. Something is not adding up here. It's hard to imagine a scenario that S& P would hold while NDX plummets.

I think it would be useful to evaluate Dow Jones (or YM Futures symbol) alongside S & P in your analysis.

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babba_lou76
babba_lou76

Thank you Peter. I appreciate the comments on oil, gold and bitcoin.

escheuerman791
escheuerman791

Thank you Peter - I really appreciate you going over other indexes like USO, BTC ... would love to see IWM or IBB as well! They never feel too long to me.

arcon00224
arcon00224

Thanks so much Peter - I was the one that had requested you take a look at Crude Oil a few days ago, and you actually covered it! So, a big thank you! I had a fairly profitable long position on crude futures and ended up closing it on Friday, in part due to your web app projection for USO that was showing much lower projections. Thank you so much for covering it. Interestingly, a completely separate method I use is also showing this is a possible place to enter a short position on Crude Oil. So, a completely separate technique aligning with your projections as well. Thank You!

brian.charles.bennett1224
brian.charles.bennett1224

Peter, I very much enjoy these long updates. Comparing a number of different charts on different assets helps me gain a better understanding about how they are to be read and acted upon.

thebigbluecheese
thebigbluecheese

Yadunath said:

We have a significant downside for NDX, but we don't have a downside projection for S & P. Something is not adding up here. It's hard to imagine a scenario that S& P would hold while NDX plummets.

I think it would be useful to evaluate Dow Jones (or YM Futures symbol) alongside S & P in your analysis.

Agree re NDX. Remember that one of Hurst's core concept was that of 'commonality' , We know that cycles constantly vary, so whenever major indices are out of sync, caution is warranted.

daniel039209
daniel039209

Appreciated the long update! thumbs up emoji

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