SMC Update 12-14-22

12/14/2022


Comments (15)
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brian1469
brian1469

Thanks Peter for the update.

Should be an interesting end to the year. After taking some time off from the market the last month.

It feels like it is time to get back to work we should hopefully start getting resolution to the downside I believe

JCtrader
JCtrader

Thank you for the update; it's always a pleasure to gain some valuable insights into the market. I was wondering your thoughts on the $VIX having an upside projection on 12/1 and the $SPX having a downside projection on the same offset. If the VIX reaches its projection, it will trigger 24.2. This makes sense in light of our current circumstances.

thebigbluecheese
thebigbluecheese

Peter, when do you choose to use median versus closing price for projections?

jwkim33366
jwkim33366

Thank you so much Peter. This technical analysis is invaluable and adds real context to the projections. I think also its valuable to get a broader view of the patterns as you have done and have some patience and not get tricked into being reactive with these seemingly powerful rallies. Thank you!

thomblas2051
thomblas2051

Peter can you revisit nvda

dcarter8883312
dcarter8883312

Peter, SPX low so far 3903.68 pretty close to 3903.35 to 3819.97 projection window. 👍🏼 ~Dorothy

dcarter8883312
dcarter8883312

Peter, SPX low so far 3903.68 pretty close to 3903.35 to 3819.97 projection window. 👍🏼 ~Dorothy

dcarter8883312
dcarter8883312

kwmurphy2939 said:

Good call Peter. The next cycle of interest is a 16 trading day cycle on the Nasdaq due Dec 21 (started Sep 21). DIfficult to tell whether a high or low at this point. My works says final low is January 20 next year. That's for your work.

Kwmurphy I am also looking for December 20th for next low.

dcarter8883312
dcarter8883312

kwmurphy2939 said:

Good call Peter. The next cycle of interest is a 16 trading day cycle on the Nasdaq due Dec 21 (started Sep 21). DIfficult to tell whether a high or low at this point. My works says final low is January 20 next year. That's for your work.

Kwmurphy I am also looking for December 20th for next low.

arcon00224
arcon00224

Nothing from XXSPOWER today?...

dcarter8883312
dcarter8883312

dcarter8883312 said:

kwmurphy2939 said:

Good call Peter. The next cycle of interest is a 16 trading day cycle on the Nasdaq due Dec 21 (started Sep 21). DIfficult to tell whether a high or low at this point. My works says final low is January 20 next year. That's for your work.

Kwmurphy I am also looking for December 20th for next low.

kwmurphy2939 said:

Good call Peter. The next cycle of interest is a 16 trading day cycle on the Nasdaq due Dec 21 (started Sep 21). DIfficult to tell whether a high or low at this point. My works says final low is January 20 next year. That's for your work.

Actually the cycle turn comes in on December 21st after the close. Low can be 20, 21st Globex or 22nd. ~Dorothy

dcarter8883312
dcarter8883312

thomblas2051 said:

Peter can you revisit nvda

Tomblas2051 I shorted NVDA this morning & have several targets Minimum 109.37 then 108.76 as long as 174.20 isn’t touched. If 108.13 low is taken out 72.03. I will be curious if Peter’s projection window is near these targets.

dcarter8883312
dcarter8883312

Peter #Vindicated 👍🏼

arcon00224
arcon00224

XXSPower?... XXSPower?..... (Bueller? Bueller?)

Last updated

dcarter8883312
dcarter8883312

SPX gave me a Target today to 3262.68 As Long As 3965.65 isn’t touched. A prior target was given to 3209.76 same area makes it a high confidence target. Only time will tell. I’m looking forward to Peter’s update very curious if he got lower projections. ~Dorothy

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