SMC Update 5-25-26

05/25/2023


Comments (38)

You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members

MJMassens2570
MJMassens2570

thanks Peter!

BraVo
BraVo

Someone might be interested in completed 1-year long bearish triangle in W5000. https://twitter.com/BraVoOnTw

adwhartonmd232
adwhartonmd232

Peter Remember Monday Memorial Day market closed

XXSPOWER127
XXSPOWER127

HILARIOUS!!!

FANTASY WORLD CONTINUES

A) its Memorial Weekend - STONKS DONT GO DOWN ON HOLIDAY WEEKENDS B) DEBT DEAL - THIS WILL MAKE THE STONKS RALLY - COME ON JOIN IN THE FUN C) MOMENTUM - BLAST OFF D) THAT WEDGE YOU KEEP SHOWING - WILL BE BUSTED TO THE UPSIDE E) FORGET THE $VIX $VXX $UVXY
F) /NQ NEW 3/5 DAY TARGETS UP TO 14350 BUT YOU DONT MENTION THAT G) /NQ NEW 1.75 TO 2 TARGETS UP TO 14127 - 14138 BUT YOU DONT MENTION THAT H) IF WE HIT THOSE THEN WHAT ? OOHH TAKE A LOOK AT I) /ES 96 WHAT DO YOU SHEEP SEE ?

I SEE GREEN PROJECTIONS

XXSPOWER127
XXSPOWER127

ALSO yesterday we got up to /ES 4175 as a high + NOT 4153 .. So we should at least get back in that Look at the 60min chart on the 7/8 offset on the /NQ ITS BEAUTY ... why short it .. LOL SHEEP

YOU SLEEPING BRIAN ?

and its not a turn date.. yawn

XXSPOWER127
XXSPOWER127

ILL help you sheep out

.96 offset

30 min chart

4192 WATCH .. it will get it ...........

TODAY PROBABLY

HAPPY MEMORIAL DAY

srblack1960144
srblack1960144

Peter, I believe today is your birthday? Happy Birthday!
You'll get your market decline soon I believe, after just one last hurrah with the debt ceiling bill.

With the futures up this morning, it looks likely the market will reach current very short term projections. On the 65-minute chart, 10.5/12 offsets, there's a confirmed projection to 4197 - 4205 (it's 4194 to 4210 on the equivalent 30-minute chart). If that one is reached, and the market holds at those levels into Tuesday, the next 21/24 offsets should fire off a higher projection to around 4225 or so, a slight new rally high...the upper end of that projection could get to 4250-60.
Since I see no potential for higher projections on longer offsets, hat's where I'll be running deeper into the hills for cover.

Last updated

ericoh792283
ericoh792283

It’s funny how Peter had us in puts since October low and after 7 months of vix remaining below 20/19, still calling for a crash.

thomblas2051
thomblas2051

ericoh792283 said:

It’s funny how Peter had us in puts since October low and after 7 months of vix remaining below 20/19, still calling for a crash.

Sad to see..calling a top once again last week…this is what happens when dementia sets in. Old man wants to see the crash of the century..NOW.. and we’re all paying for it. With that said, keep in mind he’ll never talk a different ball game.

Last updated

andrewturchindmd379
andrewturchindmd379

Let's keep in mind that his software has been clear with upside projections all along. I highly recommend looking at the webapp for projections. So it might be easy to criticize Peter's bearish bias, but his projections and software are amazing. And we can be critical without being mean. Being wrong or biased doesn't suggest dimentia, its suggests being human. Have some respect. Happy birthday Peter, you are a wonderful human whom develeoped an amazing software that keeps hitting projections. You should be proud.

andrewturchindmd379
andrewturchindmd379

Let's keep in mind that his software has been clear with upside projections all along. I highly recommend looking at the webapp for projections. So it might be easy to criticize Peter's bearish bias, but his projections and software are amazing. And we can be critical without being mean. Being wrong or biased doesn't suggest dimentia, its suggests being human. Have some respect. Happy birthday Peter, you are a wonderful human whom develeoped an amazing software that keeps hitting projections. You should be proud.

thomblas2051
thomblas2051

andrewturchindmd379 said:

Let's keep in mind that his software has been clear with upside projections all along. I highly recommend looking at the webapp for projections. So it might be easy to criticize Peter's bearish bias, but his projections and software are amazing. And we can be critical without being mean. Being wrong or biased doesn't suggest dimentia, its suggests being human. Have some respect. Happy birthday Peter, you are a wonderful human whom develeoped an amazing software that keeps hitting projections. You should be proud.

At no point in the 700+ point spy run up that last 7 months did he have a bullish outlook once(even short term) Until today 100% bearish. Call it what you like.

szulc2639
szulc2639

SPX terminal triangle thrust from wave e low on 5/4 (Island bottom) is in process, the low on 5/24 was either wave 2 or 4 of a 5th wave, the break in SPY of 417.35 (SPX 4179.68) this morning proves that a 3 wave countertrend correction ended on 5/24's low (another Island bottom). The thrust measurements from the widest part of the triangle added to 5/4's low are: 1x = 4215.89, @ 1.382 = 4256.38, @ 2x = 4321.89. The VIX is going higher from this morning's low (5/26) as the markets make new recovery highs. At any time if the SPX breaks under the 5/24's low 4103.98 or more aggressively 5/25's low 4129.73 a top may already be in place despite higher projections from the terminal thrust of a triangle, that would mean truncation though possible, shouldn't be counted upon.

Last updated

szulc2639
szulc2639

andrewturchindmd379 said:

Let's keep in mind that his software has been clear with upside projections all along. I highly recommend looking at the webapp for projections. So it might be easy to criticize Peter's bearish bias, but his projections and software are amazing. And we can be critical without being mean. Being wrong or biased doesn't suggest dimentia, its suggests being human. Have some respect. Happy birthday Peter, you are a wonderful human whom develeoped an amazing software that keeps hitting projections. You should be proud.

Well said.

andrewturchindmd379
andrewturchindmd379

thomblas2051 said:

andrewturchindmd379 said:

Let's keep in mind that his software has been clear with upside projections all along. I highly recommend looking at the webapp for projections. So it might be easy to criticize Peter's bearish bias, but his projections and software are amazing. And we can be critical without being mean. Being wrong or biased doesn't suggest dimentia, its suggests being human. Have some respect. Happy birthday Peter, you are a wonderful human whom develeoped an amazing software that keeps hitting projections. You should be proud.

At no point in the 700+ point spy run up that last 7 months did he have a bullish outlook once(even short term) Until today 100% bearish. Call it what you like.

did i ever say he had a bullish bias? no, i said he had a bearish bias and was wrong. sounds like we agree. I just don't condone people calling him names over being wrong and biased. Its called being human. And I pointed out that his software was correct all along. I and many others pointed this out along the way, but while some want to be rude because Peter is human, I prefer to have a polite discussion. I know how antiquated!

Last updated

brian1469
brian1469

Still short and added to my NQ short at 14210 for a daytrade

Still have SPX spreads also October is the earliest expiration so I am letting them ride for now.

Sounds like a lot of you guys are long so congrats and you should have a good long weekend

StevenTexas
StevenTexas

Ad hominem attacks are just disgusting.

stevepam307409
stevepam307409

HAPPY BIRTHDAY PETER !!! --- Enjoy Your Weekend -- See you Monday night.

ericoh792283
ericoh792283

Peter’s got to turn bull today!

XXSPOWER127
XXSPOWER127

brian1469 said:

Still short and added to my NQ short at 14210 for a daytrade

Still have SPX spreads also October is the earliest expiration so I am letting them ride for now.

Sounds like a lot of you guys are long so congrats and you should have a good long weekend

brian1469 said:

Still short and added to my NQ short at 14210 for a daytrade

Still have SPX spreads also October is the earliest expiration so I am letting them ride for now.

Sounds like a lot of you guys are long so congrats and you should have a good long weekend

brian1469 said:

Still short and added to my NQ short at 14210 for a daytrade

Still have SPX spreads also October is the earliest expiration so I am letting them ride for now.

Sounds like a lot of you guys are long so congrats and you should have a good long weekend

??? You don't see the projections ? Throwing your inheritance away

1-20 of 38