SMC Update 5-23-23

05/23/2023


Comments (8)
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m1.c70
m1.c70

Thanks Peter the problem is fixed now.

brian1469
brian1469

Thanks Peter

I thought the VIX breaking out crashed your website good to see it survived.

I agree with you the set up is there. If we do go straight down it would screw a ton of bulls which is a reason I could see it happen.

dcarter8883312
dcarter8883312

NVDA Gapped down on Open leaving Island Reversal and a downside target. Minimum Target 254.25 as long as (ALA) 306.31 Is not touched (NT). Tricky given Earnings come out after close today. My bet it will be sell the news. I’m curious if Peter gets a similar downside target. ~Dorothy

ericoh792283
ericoh792283

This is bull market behavior! Lol

ericoh792283
ericoh792283

This is bull market behavior! Lol

daniel039209
daniel039209

good levels identified today, but alas, no "waterfall, snowfall, tumble" So, your projections were great support, 275 point rally in NQ_z .

Last updated

psa
psa

NVDA had a target of up to 368 based on log scale. Peter, appreciate if you can review NVDA as it is now at 392 and even with a log scale, the max daily/weekly target is not more than 368. Does that mean that we need to configure manually a different cycle in the software?

ericoh792283
ericoh792283

Nasdaq up like 2%. So much bears getting mulled tomorrow

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