SMC Update 2-2-23

02/02/2023


Comments (16)
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brian1469
brian1469

dcpavement242377 said:

I told ya on the last video comment section the high would be 4207 where the reversal pivot is located, take that along with this marvelous commentary we get here and you've got yourselves one hell of a short. so far 40 points. Puke baby puke...

I remember you saying that hell of a call.

Thanks for all your work Peter also

Just saw 40 million calls bought today largest amount ever

the Schiller PE 30.36 is at 1929 levels

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mahesh28k2207
mahesh28k2207

Thank you peter 🙏🏻 could you also look at russel and dow please . Thank you.

mfdalton418
mfdalton418

Thank you Peter, God bless you.

Optimus
Optimus

Thank you, Peter. Appreciate it. Also, could you please take a look at the good old A/D line; some folks are saying we are seeing a strength in the AD which may imply that we won't go straight down but dance around recent levels. I might have old info; but, can you please review the NDX AD line. It's been a while since you have shown us your version of it. Thanks.

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spencerdavis2000
spencerdavis2000

thank you Peter

jwkim33366
jwkim33366

Peter, you showed us the Global Dow chart last week ($GDOW). I'm sure you saw this but this week, the 189/194 offset confirmed a super high projection at 4750.

danizh53
danizh53

Kudos to you for sticking to your guns despite all the aggressive comments. Can you do an update on TSLA? Are the downside projections invalidated?

Tima
Tima

Thanks, Peter; I appreciate your updates! People are in a panic only because they are either over-leveraged or have short-dated puts! I do agree with your analysis and this Fakeout move was expected, look what they have done with people's emotions, only perma-bullz are so loud now when they were quite through the most of 2022

DAV15J
DAV15J

Aggressive comments? 🤣 While mkt soared, practically every day he said it’s imminent the market will crash. He’s been bearish since October practically every day. Then he says he’s been bearish the last couple of weeks. Some people love FURUs.

orentsion3965
orentsion3965

How was your prediction on 3/20?

kasparbredahl2595
kasparbredahl2595

Fear & Greed index was at 80 today! Extreme Greed!

brian1469
brian1469

Sold some short dated Bear call spreads on this pop back up on the long term QQQ and IWM I opened yesterday

Crazy market most of the shorts I'm in are stretched 10% above their 10day but they don't want to die

Also I think this payrolls has a lot with people finally going back to work. I hear from a lot of my customers that it is easier to find people now.

This thing still feels like a manipulated market terrible to trade

I'm actually surprised that the market isn't reacting to China blatantly making us look weak. By spying on us and we can't do anything about it. It is about 2 hours north of me close to Kansas City Mo. Knob Knoster Mo Air Force Base is in the pathway were we keep a lot of our nukes. I guess if the FED keeps pumping money into the market like they have all week that will keep the sheeple happy

Here is the picture of the spy balloon moving slowly through Missouri https://twitter.com/JLinvilleFert/status/1621559843302658048

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kasparbredahl2595
kasparbredahl2595

It’s starting to look like the Bears are back.

kasparbredahl2595
kasparbredahl2595

On the daily candlestick we have the same look as the august top. If we follow that pattern we could have a little tick up and then down for several days.

noxz3972
noxz3972

Not enough pain for the bears yet... a little pullback here and up we go for a few more weeks to 4400+. Look at the confirmed projections.

kasparbredahl2595
kasparbredahl2595

Not every projection is met. I am open for a move up but i do favor more downside right now at least the next couple of Days.

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