SMC Special Update 11-10-22 9-30am Pacific

Thu, 11/10/2022 Thursday, 11/10/2022 9:33 AM PST


Comments (44)
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m1.c70
m1.c70

Thanks Peter. Much appreciated. Tough bear market indeed!

xkatehis1458
xkatehis1458

Very nice of you to address the situation and hear your thoughts, Peter!

minglei982
minglei982

Thanks for guiding us through this volatile market. Appreciate your knowledge & experience

ryguy
ryguy

Thanks Peter for the special update!

admin3430
admin3430

Thank you, could you provide an Update on Gold too?

MJMassens2570
MJMassens2570

Peter, the Bond Market yield curves are telling us an even bigger bear is fattening up before coming out to play again. In due time, big drop. Hard to nail timing as we know. Thanks for your timely update.

seamus.ssoh3308
seamus.ssoh3308

Thanks for the update Peter, I am still learning the software so your explanation on what to look for next has been extremely helpful. See you soon

mikepowell.vietnam107
mikepowell.vietnam107

Peter, if you have time you might want to take a look at SQQQ daily close price chart 12.1 / 13.8 offset. I think it might be the perfect set up today as long as price closes above 49.11 it also has a really nice upside projection and the statistics are good too. Thanks

spencerdavis2000
spencerdavis2000

thanks for the clarity Peter and the quick update with insights.

volfgang
volfgang

Nasdaq 50 Day EMA is resting at 11480 On the 12th Sep high we broke above it by 1.5% before a 15% decline

Gives us a range of 11480 > 11550 to short. Invalidated with daily closure above 11700

carrleon20002206
carrleon20002206

Thanks Peter, really appreciate the special update

thomblas2051
thomblas2051

Thank you Peter for this extremely timely update

ryguy
ryguy

there she goes. wave up to the projections.

seamus.ssoh3308
seamus.ssoh3308

Well this is unbelievable. Why is nobody selling on these resistance lines? Broke through absolutely everything with ease. What now?

XXSPOWER127
XXSPOWER127

HEY MR. E = Please say news does not drive markets - REMEMBER 2 days ago you said that with the FED? Today seals that deal. Also, MARTY ZWEIG - you remember him right? I TOLD you this before - the 4% rule. Its back on again. Do you remember that? Looks like AGAIN .. AGAIN... your buddy Larry Williams is going to SkooL you as he says you keep your bear suit on too long. Unreal.

XXSPOWER127
XXSPOWER127

brian1469 said:

Some Random Thoughts

Could the Nov 2022 be 1842 bottom, 1932 bottom, 2022 Top

The YM is getting a getting a projection right up to the top on the Daily 48 today

Vix has a gap to fill below at 21.20 vix gaps always get filled since it is an oscillator

ES has weekly projections on the 5 and the 20 both to the 4070 level. Feel like we hit these now Could hit them and still not invalidate the 10 if we get there and reverse

LOOK AT THE $DIA WEEKLY 20/20.01 PRELIMINARY IS 360 IS THAT A BEAR MARKET IF WE HIT IT ?

IF THAT HITS THEN LOOK AT 39/40

YOU GUYS ARE DREAMERS

@ES WEEKLY HAS A PROJECTION TO 4132 LOOKS VALID TO HIT TOMORROW

THEN LOOK AT THE 10/10

THAT WOULD BE HIGHER

IS THAT THEN A BEAR? HMMMMM?????

XXSPOWER127
XXSPOWER127

/NQ 11650 . ABOVE AND BEYOND. Look at weekly also. /YM WEEKLY. /RTY WEEKLY

Look AT ALL OF THEM

stop cherrypicking.

seamus.ssoh3308
seamus.ssoh3308

XXSPOWER127 said:

/NQ 11650 . ABOVE AND BEYOND. Look at weekly also. /YM WEEKLY. /RTY WEEKLY

Look AT ALL OF THEM

stop cherrypicking.

Do bear markets not have rallies occasionally?

jhomann821223
jhomann821223

ES 24/27 projection is the elephant in the room …

dcarter8883312
dcarter8883312

Thanks Peter. I have a Trend Change that comes in tomorrow before the NYSE opening. It’s normally reliable. We shall see. Hard to believe there won’t be Contagion with FTX SBF’s Crypto Blowup. SBF needs $8B to prevent bankruptcy. Tomorrow is Veterans Day so bonds won’t be trading for indices to react to. Thanks To Any Veterans in the group! 🙏🇺🇸

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