SMC Update 10-20-21

10/20/2021


Comments (13)

You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members

RichB
RichB

Corporate earnings have been favorable. Tops seldom occur when earnings outlooks are strong .

spytrader24
spytrader24

For whatever it means my geometric levels on the daily have been calling a top at 4600 on SPX for over a year. Getting close, we shall see…..

brad.jenson120
brad.jenson120

Hi Peter, thanks for this. A very powerful argument for a turn-down in the NAS 100. I noticed that TSLA beat on revenue and earnings and the stock is down 1.6% as I right. Very interesting. If the NAS 100 leads to the downside the SPX will likely follow. We could have seen a "sucker's rally" of some significance. We'll wait and see what Mr. Market has to say as to whether or not this is is the case. And sorry about the flowers problem! You are a good husband!

rickjendz64
rickjendz64

Tell your wife happy birthday from all of us!!!!!

spencerdavis2000
spencerdavis2000

Happy Birthday to your wife Peter. thanks :-)

Jon
Jon

Thanks Peter and Happy Birthday to your wife!

rkautry584
rkautry584

Peter!, why are you such a bear? You have been calling a "possible potential important top" for months now. I would guess that if the upside targets are confirmed, you will quit fighting it for a few weeks.

markanderson22111352
markanderson22111352

Thank you Peter for a very educational and insightful presentation. The question I have is in regard to the significantly higher projections that show on the 65-minute chart on the $NDX.X offsets of 145.2/165.6 and on the 27-minute chart on the @NQ.D 363/414 offsets. Can you please address these in your next video? Also...Happy Birthday to your Wife!

daniel039209
daniel039209

rkautry584 said:

Peter!, why are you such a bear? You have been calling a "possible potential important top" for months now. I would guess that if the upside targets are confirmed, you will quit fighting it for a few weeks.

Far More Money Has Been Lost By Investors Preparing For Corrections, Or Trying To Anticipate Corrections, Than Has Been Lost In Corrections Themselves.” – Peter Lynch

Peter Eliades
Peter Eliades

rkautry584 said:

Peter!, why are you such a bear? You have been calling a "possible potential important top" for months now. I would guess that if the upside targets are confirmed, you will quit fighting it for a few weeks.

And an important top has been forming "for months now," rk! The Russell 2000 topped in March of this year, the Dow Transports topped in May. The Dow Utilities topped last year in February. Do you get the point? Today, the DJIA closed 1.5% higher than it was on May 10 of this year. That's how important tops are formed. Do you get the point? Just what do you accuse me of fighting?

Peter Eliades
Peter Eliades

RichB said:

Corporate earnings have been favorable. Tops seldom occur when earnings outlooks are strong .

You are way off on that one, Rich. That's just when tops occur...when everything looks great and will never end. Please don't make statements like that unless you have charts or data to back them up.

daniel039209
daniel039209

What “top” ? There are big stocks having big upside moves all year long. No body really just trades the UTIL index or just the IWM. People own stocks. That’s where %age gains are not in the TRAN average. I think the point people are making here is that the SMC bias is bearish. And warning since mid March or imminent top. So , far , and all of the 150day or 150 month inflection points haven’t “topped” the market . We are close to ATH, so does it really count if market dropped 10-14% in 2018 only to go up 30-40 % and stocks go up 100-200-300%? Can’t call any of those “tops”. Doesn’t make sense

daniel039209
daniel039209

What “top” ? There are big stocks having big upside moves all year long. No body really just trades the UTIL index or just the IWM. People own stocks. That’s where %age gains are not in the TRAN average. I think the point people are making here is that the SMC bias is bearish. And warning since mid March or imminent top. So , far , and all of the 150day or 150 month inflection points haven’t “topped” the market . We are close to ATH, so does it really count if market dropped 10-14% in 2018 only to go up 30-40 % and stocks go up 100-200-300%? Can’t call any of those “tops”. Doesn’t make sense

1-13 of 13