SMC Update Week Ending 2-10-23 Recorded 2-11-23
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Thank you Peter 🙏🏻 Have Safe Travel .
Peter sending you Prayers & Strength. People are dropping like flies. I spent yesterday at a cousin’s funeral. Safe Travels 🙏~Dorothy
thanks for the great update. my condolences for your friend and his family. many prayers. safe travels.
You mean to say, tmw is the day we drop like a stone.
Was there a “point of no return” on upside ? NDX 12,550. SPX 4150 at moment
We have been above 200dma in SPX for many many days. Would take a break of that to make any bearish case.
thank you Brian1469, appreciate it
Ouch, there goes our puts smh
After the close today the SPX daily closing price chart, 189/194 offsets, will have a CONFIRMED projection to 4586, and the SPX median price chart, 189/194 offsets, will have a CONFIRMED projection to 4663. Just sayin'. :) Shorter term things should be running out of gas soon. Oh...and after this week is over, the weekly chart, 39/40 offsets, should confirm a projection to 4728, wow.
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We have 2 closes above the exponential 10 day MA on the major indexes (Peter's favorite short-term timing indicator), by the way.
Welcome Home Peter, Looking Forward to your update this evening especially on ESH & SPX. ~Dorothy
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