SMC Update 6-12-23

06/12/2023


Comments (28)
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Peter Eliades
Peter Eliades

My apologies for the tardy update. I had a dental appointment this afternoon that took longer than anticipated and two hours round-trip driving caused a late start on the update. I sincerely apologize...

johanan.earnest4402
johanan.earnest4402

why do you try and make projection fit your views? All charts must be done with logs. Just look at Nvidia. Do you remember what happened with DXY top? Lets have what market is telling us.

https://stockcharts.com/h-sc/ui?s=$NYA&p=D&yr=3&mn=0&dy=0&id=p83733137120

Look at Summation Index which need to stay below Zero for Bearmarket to happen. so far it's not staying below Zero. soon will on the next down leg.

dcarter8883312
dcarter8883312

Peter: Thank you for showing highest price in projection window. Very Helpful. Is there a margin of error? Historically is there a % that targets can overshoot? The reason I ask is your Log projections are very close to the highest Targets I have on AAPL: 193.41 As Long As 167.04 Not Touched 197.61 As Long As 175.77 Not Touched. ~Dorothy

dcarter8883312
dcarter8883312

Sometimes Time Is More Important Than Price.
June 21st July 11th likely lower Peak ~Dorothy

ericoh792283
ericoh792283

News does move the market. Only market cyclist want to believe it isn’t. Another up day today Peter. You have really killed your bear followers.

daniel039209
daniel039209

of course we will pull back. gapping 150 pts on NQ_z and after a more that 2000 point ramp up in 6 weeks OF COURSE we will have a pull back. but you need to see that and then a re rally to higher highs that causes divergence or just a lower high.. good luck everyone!

brian1469
brian1469

SPY weekly 10 upper projection was 436.60 and todays high so far was 436.57 also would satisfy the 48 daily that was invalidated at 436.98.

Now satisfied both getting above $437. That was what I was looking for to top out today

Looks like that is all she wrote now the bear market can resume

Last updated

dcarter8883312
dcarter8883312

Let’s Act like Adults Take Responsibility for your trades. IF Short you should have used tight stops! It Is So childish to blame Peter for being wrong on your trades. Follow the projections! ~Dorothy

dcarter8883312
dcarter8883312

Let’s Act like Adults Take Responsibility for your trades. IF Short you should have used tight stops! It Is So childish to blame Peter for being wrong on your trades. Follow the projections! ~Dorothy

dcarter8883312
dcarter8883312

Let’s Act like Adults Take Responsibility for your trades. IF Short you should have used tight stops! It Is So childish to blame Peter for being wrong on your trades. Follow the projections! ~Dorothy

ericoh792283
ericoh792283

Peter obviously has no skin in the game. He can call bear market however long he wants

XXSPOWER127
XXSPOWER127

dcarter8883312 said:

Let’s Act like Adults Take Responsibility for your trades. IF Short you should have used tight stops! It Is So childish to blame Peter for being wrong on your trades. Follow the projections! ~Dorothy

I THINK THERE IS A TURN DATE IN .....NOVEMBER

IS HE DONE TALKING BOUT DA VXX???

What's another 150 points on /NQ when you got speed resistance lines!!!

It means you GO TO ALL TIME HIGHS

BET HE IS NOT TALKING FIBANNACHHHIII NO WHY?? Cause 68.1 got bye bye

XXSPOWER127
XXSPOWER127

small

hands

What a rip

Only 400 points to

ATH

elchico714622
elchico714622

dcarter8883312 said:

Let’s Act like Adults Take Responsibility for your trades. IF Short you should have used tight stops! It Is So childish to blame Peter for being wrong on your trades. Follow the projections! ~Dorothy

Yeah let’s act like adults… because Peter obviously has been going against his own software. I feel bad for the people who have been listening to him instead of following the projections.

XXSPOWER127
XXSPOWER127

I been telling everyone 👀 AT THE PROJECTIONS

IF YOU HAD $10 every time Peter said I DONT THINK THAT WILL HIT OR I DONT THINK THAT WILL DO THAT U would have bazillllll WHAT SUPPORT OF YOUR OWN SOFTWARE YOU MADE!!!

boggles

napolean

mind

Let's go SMALL CAPS NEXT !!!

srblack1960144
srblack1960144

I see one more good chance for the bears. I've been following the projection on the Daily - Median price chart, 48.4/55.3 offsets. Way back in November it gave a projection to 4369 - 4563. Using a Nick Filter of just one, it's still there, and today it's been hit. If I draw in a trend line connecting the 12/1/2022 and 2/2/2023 tops, it's at about 4400 today and tomorrow. I'd live to see another spike up tomorrow with the Fed pause news, to over 4400...seems like that would be a great low-risk spot to short. If it gets above 4400 and holds, then the melt-up continues probably... the CNN Fear/Greed meter is now at 80! It's only been that high one other day in the last year, on 2/1/23, the day before the 2/2/23 high.

Last updated

brian1469
brian1469

srblack1960144 said:

I see one more good chance for the bears. I've been following the projection on the Daily - Median price chart, 48.4/55.3 offsets. Way back in November it gave a projection to 4369 - 4563. Using a Nick Filter of just one, it's still there, and today it's been hit. If I draw in a trend line connecting the 12/1/2022 and 2/2/2023 tops, it's at about 4400 today and tomorrow. I'd live to see another spike up tomorrow with the Fed pause news, to over 4400...seems like that would be a great low-risk spot to short. If it gets above 4400 and holds, then the melt-up continues probably... the CNN Fear/Greed meter is now at 80! It's only been that high one other day in the last year, on 2/1/23, the day before the 2/2/23 high.

Was talking about this above the SPY hit the same one and also hit the 10 weekly. No more to hit seems like a decent spot for a pull back

ericoh792283
ericoh792283

Pull back pull back pull back. That’s what she said. No that Ms what he’s been saying since October.

daniel039209
daniel039209

ericoh792283 said:

Pull back pull back pull back. That’s what she said. No that Ms what he’s been saying since October.

ericoh792283 said:

Pull back pull back pull back. That’s what she said. No that Ms what he’s been saying since October.

N>ericoh792283 said:

Pull back pull back pull back. That’s what she said. No that Ms what he’s been saying since October.

NQ_z did pull back about 160 from pre opg highs. That might have been THEE pullback Peter was waiting for. Until we rallied back about 115 of the 160. So, net -net, shorts still dead

ericoh792283
ericoh792283

It’s grinding higher rotating bull market.

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