SMC Update 10-12-23

10/12/2023


Comments (4)
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jeanrobert15225
jeanrobert15225

Thank you Peter for the update. We are at war in the Middle East and it is only the beginning. So everything seems upside down. Markets are going up for a while and oil is going down, big time and bond markets, long term, going down also. That is contrary to intuition like usual. Plunge protection team from the federal reserve at work or simply the big financial entities going against the shorts, I do not know. But, with what is coming up, there is no way that it will be going tame . Iran, Turkey, Irak, Egypt , Saudi Arabia will be implicated big time and all the muslims in Europe too. So there is limited upside according to me.,too. Plus there is an eclipse of the Sun coming October 14 for those who believe in lunar cycles, so nevertheless, I think that fireworks are assured in Stock Markets, Bonds, Oil and Gold and Silver. But what is really distressing is too see that irrepressible clash between humans that is absolutely horrible and with great consequences for all of us.

MJMassens2570
MJMassens2570

This is a chart of the XLK tech sector relative to SPX, similar to your ndx Dow chart. I believe we will see a final push higher in XLK (AAPL MSFT leaders) to eclipse the dotcom high before the crash happens. We are close. The chart I provide is simply another way to view the scenario.

https://x.com/305CHARTING/status/1711580419911458972?t=DqID3qDtIZSEUVUWuZU1bw&s=08

dcarter8883312
dcarter8883312

ESZ Yesterday missed 4431.00 Target by .50 then reversed. I would use any rally today to go short. ~Dorothy

daniel039209
daniel039209

update today, i know how much work you are doing , but an update would be super helpful. As you are still allowing for big upside and simultaneously have levels that would break us down...... thank you !

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