SMC Update 5-11-23

05/11/2023


Comments (6)
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brian1469
brian1469

Thanks Peter we are getting close still feels like we need to hit these targets right above us before we turn.

Looking for a Free Money Friday with a Vix Melt sponsored by our Fed.

If we get the opposite a gap and trap I think that would be telling today

srblack1960144
srblack1960144

Regarding VIX, Milton Berg discusses a different technical approach using VIX that suggests this bear market rally has topped or is very close to topping in this great interview: https://www.youtube.com/watch?v=2NXDHLRbMQs The VIX discussion starts at 8:40, but the entire interview is stuffed full of great technical charts and discussion.

brian1469
brian1469

srblack1960144 said:

Regarding VIX, Milton Berg discusses a different technical approach using VIX that suggests this bear market rally has topped or is very close to topping in this great interview: https://www.youtube.com/watch?v=2NXDHLRbMQs The VIX discussion starts at 8:40, but the entire interview is stuffed full of great technical charts and discussion.

This was a great video this guy agrees with Peter. Also I thought it was funny he was using the 1930 rally that we all had a big discussion about on here last month

daniel039209
daniel039209

"we are ready to turn down immediately" also "if we are up 4142-44( thats 12 points,) we could go 100 higher" thats my takeaway from this video.
also, I saw the day before mothers day weekend, up about 83% of time. the Monday after , has been negative 8/12 years. So, to all the bears in comment room, might as well wait to short later Friday afternoon. Or if you believe Peters projections dont short at all might have shot to 4245

danizh53
danizh53

Thanks for the good video structure, ~10 minutes or less, starting with the long-term overall market projections (most relevant to me), then shorter projections, followed by individual stocks/commodities/crypto. This is perfect!

Cosmic Consciousness
Cosmic Consciousness

Wow will we hit the bottom of the BTC projection at 24 756?

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