SMC Update 7-5-23

07/05/2023


Comments (20)
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jshemanski49196
jshemanski49196

The IWM (Russell) is showing higher projections on the Web App as is the QQQ on the 7/8 offsets, so am not sure why the call for a top here, yet again? The VIX is showing a lower projection on the 3.5/4, as well.

XXSPOWER127
XXSPOWER127

/ES AND /NQ snd /RTY call for HIGHER !!!

fast3777
fast3777

Thanks Peter and it does look toppy.

dcarter8883312
dcarter8883312

I will probably go long SPY Tomorrow near open depending on set up. I’m long TSLA & loved how it acted today! There should be one more run up 📈 watch ES23 4625.00. Bears 🐻 Our Time starts next Week IF I AM Correct. ~Dorothy

fast3777
fast3777

Japan 200 pts off the low. Now in a 3rd wave of Super cycle "C" wave down. SPX key support at 3390

Last updated

fast3777
fast3777

Key support on the Dow is about 33,270 not saying we will get there today but that is the lower TL on the Harmonic Butterfly.

fast3777
fast3777

Nearing SPX 4390 key support

fast3777
fast3777

Leverage can be a killer if your in the wrong direction. When you are right you can be profitable in one day.

Last updated

fast3777
fast3777

Should get a bounce soon. Could be brief and another leg down. YMMV

ericoh792283
ericoh792283

Yawn…. Spy down1% today??? That’s it? Where’s the crash?

fast3777
fast3777

ericoh792283 said:

Yawn…. Spy down1% today??? That’s it? Where’s the crash?

Lmao....fool

ericoh792283
ericoh792283

fast3777 said:

ericoh792283 said:

Yawn…. Spy down1% today??? That’s it? Where’s the crash?

Lmao....fool

Man, you’ve been shorting a bull market. Lol. Who is real fool? 🤔

ericoh792283
ericoh792283

It’s a crash! Market is dumping 1%! After it went up 20-30% up. If I was Fast, I’d stop trading after losing his hard earned retirement. Lol

fast3777
fast3777

You could drive a semi truck through the island reversal gaps created today in the SPX cash.

ericoh792283
ericoh792283

Bears can’t even get 1% down day. Lol. Feel so sorry for ya

ericoh792283
ericoh792283

Buy the dip! These bears will be wiped out by the time we hit ATH!

elchico714622
elchico714622

brian1469 said:

ericoh792283 said:

Yawn…. Spy down1% today??? That’s it? Where’s the crash?

Why don't you at least tell us what you are doing on the long side.

You guys sit around and whine all day about the bears but never say anything about what you are actually doing. It gets tiresome to hear it with no idea what you actually doing.

Just complaining all the time helps nobody

I just got out of my ES hedge here on the pop back up. Will still put it on back in some fashion before tomorrow

There is higher projections to the upside.

ericoh792283
ericoh792283

Most excellent and reputable technicians say buy the dip in a bull trend. Peter and his bear cubs are the only ones advocating for a crash.

ericoh792283
ericoh792283

Bears only win in bear market and it passed in 2022. This is 2023 and it’s bull market. Don’t follow these clowns like fast trying to short the market

fast3777
fast3777

ericoh792283 said:

Bears only win in bear market and it passed in 2022. This is 2023 and it’s bull market. Don’t follow these clowns like fast trying to short the market

I like the short side, Wait till the bulls get trapped like tomorrow and then TSLA fills it's gap @163. Anyway it will be a joy to see this market fall faster than it rose. Listen 5 figure days in bear markets are nothing to sneeze at and there's a long way down to the October lows and it will be fast pun intended. Good luck to all.

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