SMC Update 5-22-23

05/22/2023


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brian1469
brian1469

Thanks Peter

I would like us to hit the upper projections tomorrow at 4233 and 4256 on the ES and 14012 on the NQ.

From Vix I think we hit a double bottom on it. It would tell me something if we can hit those projections so their would be no more upper ones on the daily and weekly's and if the VIX could stay up from crashing lower and the double bottom stay in place.

I also think we need a fast move back down none of the sideways into the projections that don't give us anything meaningful to the downside

If that doesn't work out I'm taking a break I have a big vacation coming up would like to get away from this nonsense

Edit: Looks like we got a new high that sold quickly in the NQ last night. Wonder if that will be it for this run up should know more by the end of the day.

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SOLO
SOLO

debt ceiling is holding the market up and then we get oversold condition i seen this situation before were market will keep going up and up , then down till MM stop the bleeding

the other senario is we at the left sholder and will rocket up ( head ) then right sholder and crash in slow motion

my point is we need oversold condition to buy in to , and we will get .

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dcarter8883312
dcarter8883312

Look at AAPL Gapped down 2 days 163.30 ALA 174.94 NT

Don’t get too bearish June should be big rally into July 7-11 peak final hurrah for Bulls. ~Dorothy

daniel039209
daniel039209

dcarter8883312 said:

Look at AAPL Gapped down 2 days 163.30 ALA 174.94 NT

Don’t get too bearish June should be big rally into July 7-11 peak final hurrah for Bulls. ~Dorothy

"dont get too bearish"? why not ? market may have just converted alot of bears to bulls

brian1469
brian1469

Nice got the start to a fast move down. Been saying it since last Friday we could be set up for some nice downside projections.

If we get follow through tomorrow it should be on the 100/110's could be hitting in all indices by the end of the week if we get lower projections and hit them even on just the 3/5 daily

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