SMC Update 10-27-22

10/27/2022


Comments (27)
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spencerdavis2000
spencerdavis2000

hey Peter thanks for great info

brian1469
brian1469

Agree Peter we are definitely in a bear market because it is absolutely exhausting

ryguy
ryguy

Thanks Peter. I look forward to these updates every night. Seems like we're turning over into the loop set up for more downside. The S&P 24.2D is another glimmer of hope for bulls.

MJMassens2570
MJMassens2570

I was not an investor in 2000. Did the DOW and NDX exhibit similar behavior back then?

brent3287
brent3287

spencerdavis2000 said:

hey Peter thanks for great info

Spencer, I'm not sure if you saw my comment yesterday. Thanks for the commentary. When we break the lows what kind of plays are looking at to capitalize on the crash? Also, what is your downside projection for the spy on the 3rd wave?

brent3287
brent3287

Peter, thanks for all the awesome information. Very interesting on GLD. A week ago, I was doing some technical analysis on XAUUSD and I saw that we would have a small rally and then we possibly would go down to around the 1440 area. I really couldn't believe it, so seeing your analysis kind of confirmed my analysis. We shall see what the future holds :) Keep up the great work!!

MJMassens2570
MJMassens2570

Statistically, we are entering the most bullish 5 day span of the year, going back to 1950. Something to be aware of.

curtis.hanover158
curtis.hanover158

We’ll done, Peter. I would appreciate a look back at NVDA if you have the time.

franks115267
franks115267

Thank you Peter, have a great weekend

yrobert20211736
yrobert20211736

Peter, thanks for the information. Please do not feel too much stress. Time will tell the value of your cycle analysis projection.

m1.c70
m1.c70

Thank you Peter. Please don't feel stressed, our investment decisions are our own not yours. Significant bear markets (plus inflation) are the most difficult to manage. Imagine if investors had had your software in 1928/29! Significant geo-political risks over the coming months with Ukraine and Taiwan. Your work as been valuable for me in helping me manage the risk of having large portfolio.

Yadunath
Yadunath

Gold left behind the 200d EMA back in Aug'22 and has been hovering below its 50d-EMA for a while now. Gold is clearly bearish unless it proves otherwise, which is unlikely in the near to medium term. The lower targets are to be expected. A friendly suggestion, in my opinion, it might be a good idea to alternatively look at GC1 or MGC1 Gold Futures rather than GLD ETF.

seamus.ssoh3308
seamus.ssoh3308

Peter, I believe and trust your calls, but nothing is 100%. These videos are immensely helpful and I hope they continue every day! Thank you

seamus.ssoh3308
seamus.ssoh3308

Peter, I believe and trust your calls, but nothing is 100%. These videos are immensely helpful and I hope they continue every day! Thank you

mahesh28k2207
mahesh28k2207

Thank you for giving your time everyday Peter . Don't stress your self .. Relax Refresh Recharge . have great weekend !!

Ken12341429
Ken12341429

frustration is a hallmark of every bear market I have traded since the 1970's. they have to beat you up and wear you down before they kick the legs out. it feels close

Ken12341429
Ken12341429

frustration is a hallmark of every bear market I have traded since the 1970's. they have to beat you up and wear you down before they kick the legs out. it feels close

Matt
Matt

Doesn't the DOW lead the NDX and SPX? I am wondering if the dollar topping is creating this as well. When the dollar falls the market rises. Lots of stress for sure. Getting crushed on NVDA shorts.

Last updated

flippendales3072
flippendales3072

NDX has a confirmed projection up to 12.6 k, SPX over 4,1 k. It is time to ride the way long gentlemen.

jshemanski49196
jshemanski49196

flippendales3072 said:

NDX has a confirmed projection up to 12.6 k, SPX over 4,1 k. It is time to ride the way long gentlemen.

Yep, another bad day for the bears.

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