This is such a manipulated market. Could this have any influence? https://news.yahoo.com/yellen-flags-potential-buybacks-treasury-171810077.html

Very nice job Peter. Always appreciate detail.

Peter thanks for the long update. I'm still cautious to get to super bearish because if the 7/8 projection is hit on the ES it will give another upside projection with the 24/27.

I believe all these could happen and all the downside still be in effect. Could see this lead up to the November election on the 8th.

Also the YM has already triggered the 24/27 upside projection to 33,000 area. It feels like the Dow has been leading this market on the counter trend rally. Also the YM met it's 48/55 on the down side and has given a Prelimanary upside on the 96/110 already to 33,634

Last updated 1 year ago

Great update Peter!!!

eechentra2018 said:

This is such a manipulated market. Could this have any influence? https://news.yahoo.com/yellen-flags-potential-buybacks-treasury-171810077.html

Always be prepared for a tape bomb by the powers that be like we got on Friday that started this up move.

Especially with a huge Election in two weeks

It sucks but we must be ready for it

Also I give Peter credit for making these videos in these situations it is nearly impossible to get it right when they are throwing crap at us every which way.

Last updated 1 year ago

brian1469 said:

Peter thanks for the long update. I'm still cautious to get to super bearish because if the 7/8 projection is hit on the ES it will give another upside projection with the 24/27.

I believe all these could happen and all the downside still be in effect. Could see this lead up to the November election on the 8th.

Here is my latest chart update, kinda gives you the same idea of another high into midterms if not earlier than that https://www.tradingview.com/chart/SPX/eQMeRMwZ-SPX-my-pathway-for-the-next-week-or-2/

Tima said:

brian1469 said:

Peter thanks for the long update. I'm still cautious to get to super bearish because if the 7/8 projection is hit on the ES it will give another upside projection with the 24/27.

I believe all these could happen and all the downside still be in effect. Could see this lead up to the November election on the 8th.

Here is my latest chart update, kinda gives you the same idea of another high into midterms if not earlier than that https://www.tradingview.com/chart/SPX/eQMeRMwZ-SPX-my-pathway-for-the-next-week-or-2/

A few analysts I follow, including Robert Kelley at Elliotwave, are calling for something similar. A pullback here to work off the overbought levels, to be followed by one last rise to around the 3900 level. That could match the 24/27 projections and last several more days at least.

Tima said:

brian1469 said:

Peter thanks for the long update. I'm still cautious to get to super bearish because if the 7/8 projection is hit on the ES it will give another upside projection with the 24/27.

I believe all these could happen and all the downside still be in effect. Could see this lead up to the November election on the 8th.

Here is my latest chart update, kinda gives you the same idea of another high into midterms if not earlier than that https://www.tradingview.com/chart/SPX/eQMeRMwZ-SPX-my-pathway-for-the-next-week-or-2/

I'm starting to wander if we could hit all the way up to the 4100 area of YTD VWAP

Regardless it is going to set up a nice short I believe.

Last updated 1 year ago

Much appreciated Peter and I greatly value your openness to interrogate the data using your huge experience and knowledge of markets

bcanary964 said:

Tima said:

brian1469 said:

Peter thanks for the long update. I'm still cautious to get to super bearish because if the 7/8 projection is hit on the ES it will give another upside projection with the 24/27.

I believe all these could happen and all the downside still be in effect. Could see this lead up to the November election on the 8th.

Here is my latest chart update, kinda gives you the same idea of another high into midterms if not earlier than that https://www.tradingview.com/chart/SPX/eQMeRMwZ-SPX-my-pathway-for-the-next-week-or-2/

A few analysts I follow, including Robert Kelley at Elliotwave, are calling for something similar. A pullback here to work off the overbought levels, to be followed by one last rise to around the 3900 level. That could match the 24/27 projections and last several more days at least.

I hope so then

While bounce-back and optimism is no doubt testing our patience, it doesn't lead us to think it's in a bull market by any stretch of imagination. All the key indexes are well below 200d EMA, while just about hugging and kissing 50d EMA, which is a crucial level. So, the markets continue to remain bearish unless they do something drastically different in the coming days.

I will also invite everyone to watch Robert Prechter's presentation hosted by FSC, which is available for free on YouTube. Prechter had been pessimistic on markets ever since I started following him but this time around he got it very accurate. He had predicted that the markets topped in Dec'21 in real-time and he got it right not only on stocks but also got remarkably accurate on commodities and interest rates. He has further said that the decline so far is just a blip in the radar and the markets have a long way to go down. So, I guess we have to wait and watch.

You had mentioned about this friend of yours, who is unfortunately no more. Can you be a bit more specific about what he found out or what type of analysis he used to do?

Love the Terry Laundry T-Theory shout out....I remember the day he passed, brilliant guy

so much for the Full Moon/Solar Eclipse crash predictions ... then again, one never knows how this all ends .... good luck to all ........... Thanks Peter for your effort

slvpredator3243 said:

ray586 said:

The NDX is up over 700 points since last week. I wish I never tuned in to the Aaron Brickman interview.

That is the problem. Aaron Brickman was everywhere. Everyone wanted to benefit by going shorts. Boat was fully loaded guaranteed to loose money. Easy money is never easy. Peter always looks for crash never look at short term signals. 60 min chart must be his first call. we all know SPX will hit sometime in future. in between and daily moves are more important

very