SMC Special Update 1-27-23 9am Pacific

01/27/2023


Comments (16)
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daniel039209
daniel039209

sounds like "sell more"!

jshemanski49196
jshemanski49196

Peter, I guess I need some clarification. You indicated "no higher projections" for the S & P in this video, but the web app from your home page shows much higher on the 48.4/55.3 daily offset. Could you please address this? Link is copied below. It does seem to me like you keep drawing lines in the sand that are exceeded, time to move on from the bearish case & just let the projections guide you?? https://www.stockmarketcycles.com/indicators/eliades-cycle-price-projections-web

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ryguy
ryguy

Peter, please capitulate and go bullish so we can finally go down :)

srblack1960144
srblack1960144

For the 30-minute chart you were showing, for $NDX.X if you go to the very longest offsets (629.2/716.8), there's still a valid projection to 12,510 to 13,690; and for $SPX.X on the same offsets the projection is to 4334 to 4570. That matches up with similar projections on the daily and hourly charts, and Elliott wave guys I follow that are now all unanimous that we're headed to 4300+ in the next few months as this bear market rally concludes.

franks115267
franks115267

Thank you Peter

ericoh792283
ericoh792283

I think at some point you have to hang your bear suit out the door

max.ship3821
max.ship3821

There is already a confirmed projection for the NDX now 12.7 to 13 k. Based on the Web App we most likely have an even higher one for the 48.4 after today´s close.

Luckily I did stop listening to the bearish bias and just looked at the given projections1-2 weeks ago. The October fear monger calls were putting a huge dent in my portfolio. I am not even talking about the opportunity costs. 1-2 months too late, it was my fault falling for it, I guess I had to learn it the hard way.

Ps: This could still be a BMR, though as long as the projections are pointing up, do not fight it. Do not wreck your portfolio until they turn bearish again. FYI if we go above 13.9 k in the NDX next month, ALL long term short projections will be invalidated, DOW & SPX already been, then it is a full on bull again. Stay nimble and be open minded. Position yourself accordingly.

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XXSPOWER127
XXSPOWER127

LET ME GUESS AGAIN BEFORE I WATCH THE VIDEO. We are at an important juncture and speed resistance lines and 47 trading days and the moon and the 200 day and Charlie Brown 3rd anniversary's video happened 33 years ago this day so BE A BEAR.. right? OR RIGHT? WHAT I TELL ALL YOU SHEEP?? Lmao ...

brian1469
brian1469

Just looking at the structure of the projections if we can hit the 3.5/4 on the ES at 4112. I actually believe you can look at it as a decent shot of a top. All the weekly projections that will be hit look like we could already be reaching them today.

Market is screaming divergences all over the place. Fear-Greed index solidly in the greed section.

Not saying I'm right because I have been wrong tons lately but just the way the projections and market are set up here if you can get a FED move to the extreme on the downside the projections are set up all of a sudden for a big fall that could lead the ES getting to the 100/110 and below.

Also looking at the date of 2/1 FED day into 2/2 on the projections if you can end the day below 4000 on the ES you will trigger the 7/8, 12/13, and more importantly negate the 48/55 on the daily's. That would flip this market quickly to the downside.

Edit we just got to 4109 wish we could reach it I think this is great spot to look at the downside for the reasons I said above.

Edit: Good close for the scenerio above for next week. Almost got the Dow negative which has been underperforming

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XXSPOWER127
XXSPOWER127

Ok look it's the same thing all over since Oct.. he has been saying blood and down since 3575 come on.. 500 S&P handles and THOUSANDS OF QQQ POINTS. proper looking at the projections could have stopped this. @27 min charts .. $Es.D // 65 min @/NQ. MEANWHILE Back at the ranch it's the same thing every day with speed resistance, lines and 45 days from here and 75 days from there He didn't even mention Marty's ZWEIG 4% rule. What about that? JUST a bear in a suit.

brian1469
brian1469

XXSPOWER127 said:

Ok look it's the same thing all over since Oct.. he has been saying blood and down since 3575 come on.. 500 S&P handles and THOUSANDS OF QQQ POINTS. proper looking at the projections could have stopped this. @27 min charts .. $Es.D // 65 min @/NQ. MEANWHILE Back at the ranch it's the same thing every day with speed resistance, lines and 45 days from here and 75 days from there He didn't even mention Marty's ZWEIG 4% rule. What about that? JUST a bear in a suit.

Why didn't you share Marty Zweig's 4% rule with us? I would like to learn about it.

This is an open forum to share ideas. Peter's opinion is just one person on here

XXSPOWER127
XXSPOWER127

What about simple STATS? like HIGHS HAVE BEEN OUTNUMBERING LOWS for 16-17 days now ?
That has not happened since June 2021

Anyone look at SIMPLE STUFF . INSTEAD OF " 3 LINES FROM A TOP TO A BOTTOM TO A TOP " that OF COURSE HAVE BEEN BUSTED

Peter, you even said if they get broken, they head BACK TO THE ORIGINAL AREA. The speed lines have been BUSTED BROTHA !

how about the BREADTH THRUST everyone talking about? No comment here

VIX AND VXX AND UVXY .. I met the guy who designed UVXY guess what? he said UVXY AND VXX ARE DESIGNED TO GO TO ZERO Sure, they can pop = but they are designed to always head towards zero. They pop. THEY DROP.

Oh.. we broke above 200 day Moving average on the /NQ ON HIGHER VOLUME. u want to get in front of that train?

I used to put pennies on the LIRR tracks.. Sheep.

Yeah pullbacks are gonna happen.. ILL ADD ON MONDAY IF WE GET A PULLBACK I'M LONG AND STAYING LONG until I see the projections say OTHERWISE THAT'S WHAT THIS SERVICE IS ABOUT ISN'T IT? To have him show some other things about the PROJECTIONS maybe we dont know? NOT GO AGAINST THE SOFTWARE we are having installed on our SYSTEMS. LOL !!!! UNREAL

How can you be short yesterday with a 3-5 offset saying 4100 ? HOW? cause Peter says so? OK.. got it.

thomblas2051
thomblas2051

Peter just be honest with yourself and your members and admit since October your a complete failure in all your calls. You are however a great storyteller always finding some chart to fuel your case.

dcarter8883312
dcarter8883312

I’m curious about the age of the bulls badgering Peter? My guess this is their first Bear Market many have experienced and don’t realize that THE SHARPEST RALLIES APPEAR In Bear Markets. We have not seen capitulation rather the buy the dip FOMO crowd are back. I would also suggest you look at the QUALITY OF THIS RALLY: It’s like the Dogs of the Dow but January 2023 it’s been the Dogs Of NAZDAQ that have rallied the most. No one Rings A Bell at bottoms or tops. You have to look at everything which is why Peter doesn’t just go 100% with projections around near peaks or lows—they can be canceled. I have a Turn 1/27 - 1/30 - 1-31. I expect Fed Chair Powell to hike 50 BPS to send a message to Markets “You Aren’t Listening”— I’ve seen every bear market including 1974.

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dcarter8883312
dcarter8883312

brian1469 said:

Just looking at the structure of the projections if we can hit the 3.5/4 on the ES at 4112. I actually believe you can look at it as a decent shot of a top. All the weekly projections that will be hit look like we could already be reaching them today.

Market is screaming divergences all over the place. Fear-Greed index solidly in the greed section.

Not saying I'm right because I have been wrong tons lately but just the way the projections and market are set up here if you can get a FED move to the extreme on the downside the projections are set up all of a sudden for a big fall that could lead the ES getting to the 100/110 and below.

Also looking at the date of 2/1 FED day into 2/2 on the projections if you can end the day below 4000 on the ES you will trigger the 7/8, 12/13, and more importantly negate the 48/55 on the daily's. That would flip this market quickly to the downside.

Edit we just got to 4109 wish we could reach it I think this is great spot to look at the downside for the reasons I said above.

Edit: Good close for the scenerio above for next week. Almost got the Dow negative which has been underperforming

Brian1496: Thank you for constructive & helpful comment for those of us who don’t have software yet. You comment about Feb 1 potential down day and projections. ~Dorothy

dcarter8883312
dcarter8883312

Bloomberg: Pension Funds in Historic Surplus Eye $1 Trillion of Bond-Buying 

Corporate plans ending years of shortfalls want to derisk

For some of America’s biggest bond buyers, the soft-versus-hard-landing debate on Wall Street might be a sideshow. They’re getting ready to swoop in with as much as $1 trillion, no matter what happens.

“The pensions are in good shape. They can now essentially immunize — take out the equities, move into bonds and try to have assets match liabilities,” Mike Schumacher, head of macro strategy at Wells Fargo, said in an interview. “That explains some of the rallying of the bond market over the last three or four weeks.”

https://www.bloomberg.com/news/articles/2023-01-28/pension-funds-with-a-historic-surplus-eye-1-trillion-of-bond-buying

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