SMC Update 11-21-23

11/21/2023


Comments (11)
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alexfalet513
alexfalet513

'très intéressant' Yes indeed ! Love your french accent Peter !

Happy Thanksgiving to you and your family !

jjay636
jjay636

How about mentioning about ES futures invalidating all downside projections as long as it does not drop substantially below 4500 in next two days. Think much more detrimental information to overall bearish twist on this site. Oil probably suggesting wars are coming to end - another potential reason for equities to rip higher.

johngreen01554628
johngreen01554628

Remind me what happened in 2008? Everything went down, Only DXY went up TLT went up. TLT made Low with 5% yeild? Why are we not Looking at CRB index? Why are we Not looking at those Magnificent 7 Stocks Why are we not looking at FAANG Why are we not looking at SMH ETF. We are looking at epic top in all assets could be about 1-2 weeks away. Early December once distribution is over. That is why 30 Min Globex chart is Must

https://stockcharts.com/h-sc/ui?s=smh&p=w&yr=27&mn=0&dy=0&i

https://stockcharts.com/h-sc/ui?s=$CRB&p=w&yr=27&mn=0&dy=0&i

Last updated

daniel039209
daniel039209

Happy Thanksgiving!

daniel039209
daniel039209

was that nq_z print of 16,173 meaningful pausing point> or are we still looking for 17000?

XXSPOWER127
XXSPOWER127

What's another 150 points up amongst friends

LOL WITH TSLA DOWN AND NVDA DOWN !!! Lol

johngreen01554628
johngreen01554628

XXSPOWER127 said:

What's another 150 points up amongst friends

LOL WITH TSLA DOWN AND NVDA DOWN !!! Lol

Look at the weekly candle. Top is not done.

johngreen01554628
johngreen01554628

ON NQ low projection is gone, SPX will be next. Bearish case is evaporating fast. Why not check out Magnificent 7 stocks? Could it be that you already have? they all Bullish? It does not fit your crash narrative? Best to look at FAANG and Magnificent 7 stocks, 30/65 Min. Projection met or failed?

johngreen01554628
johngreen01554628

ON NQ low projection is gone, SPX will be next. Bearish case is evaporating fast. Why not check out Magnificent 7 stocks? Could it be that you already have? they all Bullish? It does not fit your crash narrative? Best to look at FAANG and Magnificent 7 stocks, 30/65 Min. Projection met or failed?

johngreen01554628
daniel039209
daniel039209

johngreen01554628 said:

ON NQ low projection is gone, SPX will be next. Bearish case is evaporating fast. Why not check out Magnificent 7 stocks? Could it be that you already have? they all Bullish? It does not fit your crash narrative? Best to look at FAANG and Magnificent 7 stocks, 30/65 Min. Projection met or failed?

The SPX is up 19% I think NDX ~37%? THe Big 7 are up +71% Peter was bearish Jan 1 and has never waivered. No matter what price action and trends developed. Its rare to see a professional like Peter be unwilling to admit he was wrong. All he says is " this could be like Covid high or the 2000 bubble high. And we are going down 50-70%" .When you hear any stock market advice or projection, it affects how you start to see things. Just being very measured and tactical with the "growling bear/ bear horns growing bigger"

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