SMC Update 4-13-23

04/13/2023


Comments (16)
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brian1469
brian1469

Thanks Peter!

Still wouldn't be shocked if we hit some of those targets that are still there.

But it feels like a top I mean it feels like the market can never go down again which most likely feels like we are close to a top,

This is an abusive market which also still tells me we are not out of the woods for sustained higher prices.

Also I have a long term trendline on the vix at the 16.60 area wouldn't be surprised if we hit that and reverse from there.

m1.c70
m1.c70

Thanks for all the hard work Peter. I'd be grateful if you looked at oil as the picture is changing I believe.

escheuerman791
escheuerman791

Peter, could you kindly cover GDX and SLV in the weekend update. Happy Easter to you and your family

daniel039209
daniel039209

I just watched. This is first time i have heard a "more potential BULLISH' tone, but only if we rally up to SPX 4250 so only another 3%? on top of the 12% already. Problem has been, and i have said this before: this is NOT 2000-03 nor 2007-09. Not bear markets like that at all. Plus anchoring a whole belief on the VIX(which by design will go to zero over time,ever decreasing value as rolls take place) is very misguided. again , anchoring belief system that we r repeating old bear markets and missing some of the biggest moves in stocks is just flat out wrong. Cannot sugar coat it , and if/when we trade at 4250, suggestion i heard was " then it is an up market".?

brian1469
brian1469

Bearish Clusters on the Market Forecast on the ES and YM should see a reversal soon

I went ahead and took a short on the YM for a trade

Also closed out my long es hedge I had all week against my SPX spread

Also want to bring up that as far as the projections go. I believe yesterday helped in making it easier to get bigger projections for the downside. If we would of crossed the 3/4 and the 7/8 from where we were yesterday it would have been very minimal downside.

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volfgang
volfgang

We are gearing up for a grind higher across indexes, if you don't believe me check the projections..

SPX DAILY - [24/27] ➡️ 4230 - 4330 [48/55] ➡️ 4460 - 4650 [96/110] ➡️ 4230 - 4590 SPX WEEKLY [5] ➡️ 4230 - 4320

NQ DAILY [24/27] ➡️ 13.4k - 13.7k [98/110] ➡️ 13.6k - 14.9k NQ WEEKLY [20] ➡️ 14k - 14.7k

Barely any confirmed downside projections across the board.

AND DXY projections pointing lower...

DXY DAILY [24/27] ➡️ 101.2 - 100.2 [48/55] ➡️ 101 - 99 [96/110] ➡️ 99 - 95 DXY WEEKLY [5] ➡️ 100.6 - 101.5 [20] ➡️ 100.1 - 96.8


With all due respect to Peter, the projection system has helped lead me to amazing success over the past 2 years and I have huge admiration for your work but pinning your entire strategy on a vix breakout is a recipe to get your ass handed to you day after day.

All this being said, I sure am bearish on the markets going into the second half of the year, but trying to catch tops while there are multiple confirmed projections to the upside goes against everything Peter taught us about how his own system works.

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David.R
David.R

Just when everyone got bullish, Boom 💥. The market is down 😂

David.R
David.R

Just when everyone got bullish, Boom 💥. The market is down 😂

David.R
David.R

Just when everyone got bullish, Boom 💥. The market is down 😂

David.R
David.R

Just when everyone got bullish, Boom 💥. The market is down 😂

David.R
David.R

When I said “everyone”, I meant everyone out there and the trolls over here got bullish. Not Peter… But bulls are fighting it pretty well today. I am pretty sure it’s all related to options expiration next week. Bulls May hold the line or advance towards the end of next week, and then I think we’ll get a nice correction to the down side…

Last updated

elchico714622
elchico714622

RIP bears

daniel039209
daniel039209

VIX @ 17.19 is that a buy???????

XXSPOWER127
XXSPOWER127

let me guess - he talked about the $VIX ? AMIRIGHT ? OR AMIRIGHT ?

LOL !!!!!!

HAVE A NICE WEEKEND SHEEP

XXSPOWER127
XXSPOWER127

volfgang said:

We are gearing up for a grind higher across indexes, if you don't believe me check the projections..

SPX DAILY - [24/27] ➡️ 4230 - 4330 [48/55] ➡️ 4460 - 4650 [96/110] ➡️ 4230 - 4590 SPX WEEKLY [5] ➡️ 4230 - 4320

NQ DAILY [24/27] ➡️ 13.4k - 13.7k [98/110] ➡️ 13.6k - 14.9k NQ WEEKLY [20] ➡️ 14k - 14.7k

Barely any confirmed downside projections across the board.

AND DXY projections pointing lower...

DXY DAILY [24/27] ➡️ 101.2 - 100.2 [48/55] ➡️ 101 - 99 [96/110] ➡️ 99 - 95 DXY WEEKLY [5] ➡️ 100.6 - 101.5 [20] ➡️ 100.1 - 96.8


With all due respect to Peter, the projection system has helped lead me to amazing success over the past 2 years and I have huge admiration for your work but pinning your entire strategy on a vix breakout is a recipe to get your ass handed to you day after day.

All this being said, I sure am bearish on the markets going into the second half of the year, but trying to catch tops while there are multiple confirmed projections to the upside goes against everything Peter taught us about how his own system works.

HER HERE !!!! BRAVO @!!!!!!!!!!!!!!!!!!!! EXACTLY WHAT I BEEN SAYING !!! PREACH !!!

XXSPOWER127
XXSPOWER127

WEEKLY close is GREEN what is bearish ?

Look at the 30min and 60min projections on the 24 offset on /ES lol ! who cares about the $VIX !! ITS DEAD !!! $UVXY PROJECTION SAYS SO

HE HAS THE PROJECTION FOR THE $VIX AND $VXX $UVXY AND EVEN DOUBLE CHECK WITH $SVXY

BUT HE NEVER SHOWS IT

WHAT KIND OF CRAZY ????????

JUST ALWAYS $VIX $VIX $VIX $VIX $VIX $VIX $VIX $VIX $VIX $VIX $VIX EVERY DAY LIKE A MANIAC !!!

/NQ NOW ANOTHER HIGHER PROJECTION FOR MONDAY 13300 1.5 /NQ NOW ANOTHER HIGHER PROJECTION FOR MONDAY 13400 3.5-4 /NQ NOW ANOTHER PRELIMINARY HIGHER PROJECTION FOR MONDAY 13380 7-8 /NQ NOW ANOTHER HIGHER PROJECTION FOR MONDAY 13700-800 FOR 24

LOOK AT @RTY WOW

LOOK AT @EMD WOW

BUT YOU SHEEP SIT HERE AND TALK ABOUT 4180 AND 4185 LIKE ITS A DOROTHY TURN DATE

WHERE IS SHE ? LOL

PLEASE.

BEEN SHOWING YOU WHATS UP

BAKLAVA DONT LISTEN

brian1469 said:

Thanks Peter!

Still wouldn't be shocked if we hit some of those targets that are still there.

But it feels like a top I mean it feels like the market can never go down again which most likely feels like we are close to a top,

This is an abusive market which also still tells me we are not out of the woods for sustained higher prices.

Also I have a long term trendline on the vix at the 16.60 area wouldn't be surprised if we hit that and reverse from there.

FEEL???? FEELS ?????

GET OUT OF THE MARKET

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