SMC Update 10-9-23

10/09/2023


Comments (9)
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daniel039209
daniel039209

Happy Anniversary !!

So a flattish to up NDX will project up to 15,300-15330. Okay. Got it

Last updated

brian1469
brian1469

If you are looking for something to short into this strength

RTY has hit all upside of the upper projections on 30, 65 and hit its daily 1.75 and 3 to the top end here at 1793

costello.mb233
costello.mb233

HAPPY ANNIVERSARY, PETER... YOU MUST HAVE MARRIED AT WHAT, 14?

daniel039209
daniel039209

brian1469 said:

If you are looking for something to short into this strength

RTY has hit all upside of the upper projections on 30, 65 and hit its daily 1.75 and 3 to the top end here at 1793

this is exactly zone in SPY i spoke of yesterday. i am short SPY day 3 of this rally hopefyully it peters out No pun intended !

Last updated

brian1469
brian1469

daniel039209 said:

brian1469 said:

If you are looking for something to short into this strength

RTY has hit all upside of the upper projections on 30, 65 and hit its daily 1.75 and 3 to the top end here at 1793

this is exactly zone in SPY i spoke of yesterday. i am short SPY day 3 of this rally hopefyully it peters out No pun intended !

All targets hit to the max on 65 minutes and daily's up through the 7/8 on the SPY

I do feel like we need some type of reversal by the end of the day or we could have trouble with the next step up projections tomorrow

It also might be a situation like we got a month ago were all the indices got the 12/13 but didn't reach them

One other thing you have to think we close the gap now that we are in it on the SPY up to the 438.40 area. If we can close back below it before the close that would help. One thing I have noticed so far on this down draft is we have not been closing the gaps

Also the ES still has room to run up into 4424 on the 65 minute 72/82. Kind of mad at myself for taking the hedge off to early I had my eye on this are on Friday as a spot to ride the hedge to but I let all the WW3 talk think it wasn't going to happen. Projections were right again

Last updated

daniel039209
daniel039209

brian1469 said:

daniel039209 said:

brian1469 said:

If you are looking for something to short into this strength

RTY has hit all upside of the upper projections on 30, 65 and hit its daily 1.75 and 3 to the top end here at 1793

this is exactly zone in SPY i spoke of yesterday. i am short SPY day 3 of this rally hopefyully it peters out No pun intended !

All targets hit to the max on 65 minutes and daily's up through the 7/8 on the SPY

I do feel like we need some type of reversal by the end of the day or we could have trouble with the next step up projections tomorrow

It also might be a situation like we got a month ago were all the indices got the 12/13 but didn't reach them

Yeah, should always wait for some weakness to short against levels. There is NOTHING but huge buying everywhere. Kinda fighting the trend thus far( i am)

jackwaterman224588
jackwaterman224588

I like the way Peter looks at how big the drop will be, market goes the other ways. Hope it's not like last October. Then Crash will evaporate, Just like last year

daniel039209
daniel039209

jackwaterman224588 said:

I like the way Peter looks at how big the drop will be, market goes the other ways. Hope it's not like last October. Then Crash will evaporate, Just like last year

its called " bearish bias" since last October lows. unfortunately. No way will he change his tune anytime soon

XXSPOWER127
XXSPOWER127

WHAT IS THE BEARISH BEAR SUIT DOING TODAY?

WATCHING OLD RERUNS OF WALL STREET WEEK WITH LOUIS ?

WHERE IS FAST ? UNH LOOKS RIPPYGOD

CPI PPI FED

MY FAV TIME OF THE MONTH

WHERE IS THAT OTHER SCHMUCK BLAH BLAH BLAH

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