We have requested for you to look at TSLA, esp with earnings and now the down turn on it. Please consider adding stocks like Tesla, Apple, Nvidia to the web chart to help us navigate the market, especially for people who can't access the software. I live in Canada and don't have access to Tradestation.

Cosmic Consciousness said:

We have requested for you to look at TSLA, esp with earnings and now the down turn on it. Please consider adding stocks like Tesla, Apple, Nvidia to the web chart to help us navigate the market, especially for people who can't access the software. I live in Canada and don't have access to Tradestation.

Agree 100% heavy market movers such as Apple, nvidia, Tesla at the very least should be in the web apps

Last updated 1 year ago

Thanks Peter have a safe trip!

Looking like last week was the turn but still can't rule out a pop if earnings somehow surprise on the upside.

Still Just think we get a slow decent to hell for a couple years to come.

Edit: Looking at NQ we have hit 3/4, 7/8, 12/13 downside targets. That doesn't give me comfort of a whole lot more downside. We still have the 24 to the upside that is not invalidated.

Edit: Looks like it was the right call to cautious about more downside in the NQ with MSFT and GOOGL. Looks like we get a relief rally to sell into. The mood has changed and between FRC going under and the Debt ceiling nonsense I don't think anybody feels like there is good answers out there.

Last updated 1 year ago

TO : szulc2639:

My dear Sir, Start a newsletter on your own instead of hijacking Peter’s work. We all know how smart you are — what’s your lifetime track record.

Thanks Peter and hope you are having a safe easy(ish) trip across the country. A 6 hour flight is not fun, no matter how you slice it.

The long-standing upside SPX projections over 4300 are teetering on the brink of invalidation today.

SPX daily median price chart, 48.4/55.3 offsets. There has been an upside projection to 4369 since November. If we get a daily bar with a median price below 4077.57 over the next few days, that will be gone.

SPX hourly (65-minute) median price chart, 290/331 offsets. This is the equivalent hourly bar chart and has had a projection to 4339 since November. That projection will be invalidated this week with any hourly bar with a median price below 4071.35.

So I’d say the next few hours/days are critical whether you are bullish or bearish.

srblack1960144 said:

The long-standing upside SPX projections over 4300 are teetering on the brink of invalidation today.

SPX daily median price chart, 48.4/55.3 offsets. There has been an upside projection to 4369 since November. If we get a daily bar with a median price below 4077.57 over the next few days, that will be gone.

SPX hourly (65-minute) median price chart, 290/331 offsets. This is the equivalent hourly bar chart and has had a projection to 4339 since November. That projection will be invalidated this week with any hourly bar with a median price below 4071.35.

So I’d say the next few hours/days are critical whether you are bullish or bearish.

The ES is on the brink of extinction for the 48/55 also midpoint under 4117 as I type this we are at 4104.

This would be a big deal that thing has been a huge thorn in our bear case

brian1469 said:

srblack1960144 said:

The long-standing upside SPX projections over 4300 are teetering on the brink of invalidation today.

SPX daily median price chart, 48.4/55.3 offsets. There has been an upside projection to 4369 since November. If we get a daily bar with a median price below 4077.57 over the next few days, that will be gone.

SPX hourly (65-minute) median price chart, 290/331 offsets. This is the equivalent hourly bar chart and has had a projection to 4339 since November. That projection will be invalidated this week with any hourly bar with a median price below 4071.35.

So I’d say the next few hours/days are critical whether you are bullish or bearish.

The ES is on the brink of extinction for the 48/55 also midpoint under 4117 as I type this we are at 4104.

This would be a big deal that thing has been a huge thorn in our bear case

Invalidating the 48/55 would be a big deal, on the other hand I don't see how it's possible to get big downside projections on the S&P, at least not in the near term.

srblack1960144 said:

The long-standing upside SPX projections over 4300 are teetering on the brink of invalidation today.

SPX daily median price chart, 48.4/55.3 offsets. There has been an upside projection to 4369 since November. If we get a daily bar with a median price below 4077.57 over the next few days, that will be gone.

SPX hourly (65-minute) median price chart, 290/331 offsets. This is the equivalent hourly bar chart and has had a projection to 4339 since November. That projection will be invalidated this week with any hourly bar with a median price below 4071.35.

So I’d say the next few hours/days are critical whether you are bullish or bearish.

4093.41. That's where SPX needs to get above today in order to keep the daily chart projection to 4369 alive. >bcanary964 said:

brian1469 said:

srblack1960144 said:

The long-standing upside SPX projections over 4300 are teetering on the brink of invalidation today.

SPX daily median price chart, 48.4/55.3 offsets. There has been an upside projection to 4369 since November. If we get a daily bar with a median price below 4077.57 over the next few days, that will be gone.

SPX hourly (65-minute) median price chart, 290/331 offsets. This is the equivalent hourly bar chart and has had a projection to 4339 since November. That projection will be invalidated this week with any hourly bar with a median price below 4071.35.

So I’d say the next few hours/days are critical whether you are bullish or bearish.

The ES is on the brink of extinction for the 48/55 also midpoint under 4117 as I type this we are at 4104.

This would be a big deal that thing has been a huge thorn in our bear case

Invalidating the 48/55 would be a big deal, on the other hand I don't see how it's possible to get big downside projections on the S&P, at least not in the near term.

By my calculation, SPX needs to get above 4093.41 today in order to keep the 48/55 projection to 4369 alive on the daily chart.