SMC Update 2-16-23

02/16/2023


Comments (19)
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MJMassens2570
MJMassens2570

Last year, we had a major bottom on 2/24.

On 2/22/22 at 2:22pm, Biden announced Russia sanctions.

Now, Peter Eliades has a 57 trading cycle that expires Feb 22.

It would make absolute sense to me to have a cycle inversion and get a significant market top circa Feb 22-23. Feels like time to watch extra carefully

brian1469
brian1469

Thanks for all your work Peter it has really helped.

We might putter around but I think the market would like to not give that many people a chance to get short. I feel like most people were still pretty bullish up until the last hour today.

adwhartonmd232
adwhartonmd232

Peter

I think looking at your VIX analysis it’s time to purchase VIX call options If I did buy on opening in the morning Friday 2/17 then where would you place a stop I am thinking purchase March or April monthly at the money VIX 20s

Risk should be minimal base on all your history of past 23 years

Last updated

dcarter8883312
dcarter8883312

Thanks Peter, Stay healthy don’t allow trolls to upset or stress you. Some of these folks are holding their chart upside down. ~Dorothy 🙃🙂

mahesh28k2207
mahesh28k2207

Finally after long time the wheel have turn . Thank you Peter .

dcarter8883312
dcarter8883312

Peter If Lower SPX targets given please post in chat if can’t do Intraday update. Or anyone with software. Thanks 🙏 ~Dorothy

dcarter8883312
dcarter8883312

I’m not an Elliott expert by long shot. Some say SPX below 4060 suggest Wave 3 of 3 started.

hbout562256
hbout562256

Lars from foundation for stock market cycles had us topping in mid March? Perhaps a couple of loops before we top also can you update natural gas looks like an important bottom soon

dcarter8883312
dcarter8883312

Worth noting: AAPL 6.7% #1 highest weighted stock in SPX Gapped down Friday giving a target to 130. Only closing gap would cancel that target. Curious if Peter shows downside projections on APPLE. This isn’t good for a renewal of bullish trend in SPX.

Last updated

brian1469
brian1469

The set up is there after looking at the updated web app on the ES. We now have lower targets on the 3/4 and 7/8 on the daily's which should take us lower to trigger the 12/13. Which has a preliminary already down to 3967.

This would invalidate all the upper projections on the ES. This is the scenario I have been talking about the last couple weeks. Now we just need to see if it happens

dcarter8883312
dcarter8883312

I just noticed what could be a Potential Reversal in Bitcoin. It dropped $900+ in 2 hrs on large volume. Could be an indication of Risk Off for this week.

dcarter8883312
dcarter8883312

Peter: Please cover ESH & SPX in today’s update. Brian1469 posted ES Preliminary projection to 3967. What price would ES have to hit to confirm this downside projection. Thanks 🙏 ~Dorothy

dcarter8883312
dcarter8883312

Bloomberg: MS Mike Wilson Sunday Evening Note Summary 2-19-23

“The bear market rally that began in October from reasonable prices and low expectations has morphed into a speculative frenzy based on a Fed pause/pivot that isn’t coming.” He added S & P 500 could fall 26% to 3,000 during the first half of 2023.

~Dorothy

brian1469
brian1469

dcarter8883312 said:

Peter: Please cover ESH & SPX in today’s update. Brian1469 posted ES Preliminary projection to 3967. What price would ES have to hit to confirm this downside projection. Thanks 🙏 ~Dorothy

Dorothy we need to get the midpoint below 4049 on the ES today to trigger the 12/13 that has a preliminary down to 3967

dcarter8883312
dcarter8883312

Thanks 🙏 Brian ~ Dorothy

brian1469 said:

dcarter8883312 said:

Peter: Please cover ESH & SPX in today’s update. Brian1469 posted ES Preliminary projection to 3967. What price would ES have to hit to confirm this downside projection. Thanks 🙏 ~Dorothy

Dorothy we need to get the midpoint below 4049 on the ES today to trigger the 12/13 that has a preliminary down to 3967

dcarter8883312 said:

Bloomberg: MS Mike Wilson Sunday Evening Note Summary 2-19-23

“The bear market rally that began in October from reasonable prices and low expectations has morphed into a speculative frenzy based on a Fed pause/pivot that isn’t coming.” He added S & P 500 could fall 26% to 3,000 during the first half of 2023.

~Dorothy

brian1469 said:

dcarter8883312 said:

Peter: Please cover ESH & SPX in today’s update. Brian1469 posted ES Preliminary projection to 3967. What price would ES have to hit to confirm this downside projection. Thanks 🙏 ~Dorothy

Dorothy we need to get the midpoint below 4049 on the ES today to trigger the 12/13 that has a preliminary down to 3967

stevepam307409
stevepam307409

Peter -- Praying for you & your Health, right now. Hoping your non post is because of circumstances other than your health...You are a Faithful man. ThankYou.. Blessings for You & Your Family.. Steve

dcarter8883312
dcarter8883312

Thank You StevePam I’ve also been concerned & Praying for Peter’s well being. 🙏 ~Dorothy

stevepam307409 said:

Peter -- Praying for you & your Health, right now. Hoping your non post is because of circumstances other than your health...You are a Faithful man. ThankYou.. Blessings for You & Your Family.. Steve

j.ruizevelddewinter2840
j.ruizevelddewinter2840

Hopefully, everything goes well, Peter. Best wishes.

TC
TC

Hi guys, Could someone please enlighten me on what is happening with Peter/update. I did not get/see anything. Thanks so much. Tamara

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