SMC Update 5-18-23

05/18/2023


Comments (14)
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jeanrobert15225
jeanrobert15225

Thank you Peter, you are always very interesting but I really liked the last 2 updates, a lot of research and perseverance goes into them.

MJMassens2570
MJMassens2570

Thanks for continuing to give guidance on those downside projections!

MJMassens2570
MJMassens2570

Thinking out loud, wonder if there's a way to put a small description next to each video... For example, Bitcoin upside projections met. Or NDX 4yr downside projection still confirmed. Or perhaps even simply the Tickers covered...NDX, VIX.

spencerdavis2000
spencerdavis2000

thanks Peter. Larry Williams is awesome of course, but also remember he was bullish in Sept of 2008 right before the market fell off a cliff. I think that is his nature though since he is a super positive guy and very likeable he tends to favor the upside in terms of recognizing cycles, and therefore doesn't see the extreme downside cycles in terms of crashes.

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ericoh792283
ericoh792283

Why is Peter comparing where we are now to April or three months ago? Didn’t he say we are going far down during October bottom? Lol from October bottom, NDX is up like 30%. Come on man.

brian1469
brian1469

Peter I do have a question because I think I learned something about your system the past couple days. My concern going short when I did on the NQ was it was really hard for us to get decent downside projections when we have been right over the continuum grinding higher slowly for months.

MY question is have you noticed that you need a big move up from the continuum to then give you a shot for much lower projections on the down side. Because now when I look at it if we do reverse from here we have a shot to get the down side projections that we want now that we are further away from the continuum? The thing that would negate this is if you just go sideways into the continuum.

I'm looking at the NQ and the 12/13, 24/27, 48/55 they all can give really big downside if we can reverse from here. Which wasn't that possible before the move of the last couple days.

Edit: Also I would like us to go ahead and get to ES 4256 and NQ 14012 here so we can satisfy all upside targets. Would be nice to go ahead and hit them today

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daniel039209
daniel039209

I’m traveling , didn’t see video yesterday or today- yet. Is the them still ; “ the market isn’t UP that much”? Or “we are turning down immediately”? Or the market is overvalued? Or the VIX sell signals are working ? I’m actually shocked at the unwavering bearish stance. What have you been short , Peter? Anything ?

brian1469
brian1469

daniel039209 said:

I’m traveling , didn’t see video yesterday or today- yet. Is the them still ; “ the market isn’t UP that much”? Or “we are turning down immediately”? Or the market is overvalued? Or the VIX sell signals are working ? I’m actually shocked at the unwavering bearish stance. What have you been short , Peter? Anything ?

He actually explained his position really good in this video. Why don't you have the balls to make your own call and say we are going up from here instead of ragging on Peter. What is your model saying for how high we go?

daniel039209
daniel039209

brian1469 said:

daniel039209 said:

I’m traveling , didn’t see video yesterday or today- yet. Is the them still ; “ the market isn’t UP that much”? Or “we are turning down immediately”? Or the market is overvalued? Or the VIX sell signals are working ? I’m actually shocked at the unwavering bearish stance. What have you been short , Peter? Anything ?

He actually explained his position really good in this video. Why don't you have the balls to make your own call and say we are going up from here instead of ragging on Peter. What is your model saying for how high we go?

I think since that March 17th bullish candle convinced me we going higher. I don’t know how high , NOONE does. I do subscribe to Peter because I want to know what cycles say, they have an influence. I expect that it would be given with intellectual honesty. Not like you, “I’m short here, here, here” parroting Peter- why? He has been dead to rights wrong. Period. I have seen the “fear of down 36% imminent” before. It’s a fear call and you and others join in echo chamber

brian1469
brian1469

daniel039209 said:

brian1469 said:

daniel039209 said:

I’m traveling , didn’t see video yesterday or today- yet. Is the them still ; “ the market isn’t UP that much”? Or “we are turning down immediately”? Or the market is overvalued? Or the VIX sell signals are working ? I’m actually shocked at the unwavering bearish stance. What have you been short , Peter? Anything ?

He actually explained his position really good in this video. Why don't you have the balls to make your own call and say we are going up from here instead of ragging on Peter. What is your model saying for how high we go?

I think since that March 17th bullish candle convinced me we going higher. I don’t know how high , NOONE does. I do subscribe to Peter because I want to know what cycles say, they have an influence. I expect that it would be given with intellectual honesty. Not like you, “I’m short here, here, here” parroting Peter- why? He has been dead to rights wrong. Period. I have seen the “fear of down 36% imminent” before. It’s a fear call and you and others join in echo chamber

Well we are on a site that tries to figure out projections that is why asked. I to was on here and was not bearish at the March lows. We had hit all immediate downside targets. I own it that I have been early this week but we don't have any any upside projections except less than .5% above us. So I don't understand why all you guys are super bullish here. I'm trying to figure out what is making you bullish here because the Peter's system don't give us a reason to be super bullish here. Just trying to figure out what your are looking at that makes you bullish here.

daniel039209
daniel039209

Brain- I’m less bullish now after a monstrous rally. Will wait as stocks exhaust self and or get a DeMark signal I think Peter has just been stuck in his bias and I do sign up for a service for guidance/ additional to my work. His has been , save for BTC, mostly not worth a lot. Giving me little confidence as he will stay bearish , almost guaranteed

mindo694366
mindo694366

Should look at projection for all FANG stocks and MSFT during weekends updates. TIA

ericoh792283
ericoh792283

Everyone should watch this. https://youtu.be/-dbqYzk0fQE

brian1469
brian1469

I personally think we are not paying attention to the projections enough.

If we can get to 4256 on the ES and 14012 on the NQ for the first time in 2023 we will have no upper projections on the web app. I really hope we can get there early next week.

Because we are now set up for the lower projections we need to actually fall somewhere.

If the ES can get to 4256 next week we will close all upper projections but the real thing to look for is the 100/110 weekly projection can be confirmed by a mid spot weekly close below 4170 for the next 5 weeks until the beginning of July. The 3.5/4 daily continuum is going to be below that level next week.

I wish I had been more patient because the projections are setting up for the dang fall we have all been talking about for months.

I also wish I had been patient because the projections have been dead on, on this rally.

Also want to bring up the YM it is in the same positions as the ES it should get a confirmed 100/110 on the next pull back.

We would them have the NQ,YM,ES, IWM all with 100/110 confirmed lower projections. I believe that will tell us the next leg down is here.

Moral of the story just watch the projections and tune everything else out.

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