SMC Update 6-21-23

06/21/2023


Comments (5)
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daniel039209
daniel039209

market is down over 68% of time from end week of june to end July/beg of august. i have posted in here June 21 might change trend. NOT a forecast of a collapse, but a time to be defensive. Will be interesting to see if we get " a sharp rally back to 4407". All the while up, since Jan, March, i dont ever recall seeing a warning of a "sharp rally could ensue". It was the opposite. NOW, after first 2.5% decline in NDX, and less in SPX, there is 'look out for rallies" " no further downside can be generated as we hit these projections" . The market has flipped the bear psychology to a LESS BEARISH, almost, ready for the NEXT RALLY mentality. there is4 very good chance , videos will not be bearish enough on way down, after being on wrong side for ? 4400 NDX points, 450 SPX points. impossible to recoup those losses. do alot of your own work, use projections as suggestions. unless you run a 15-30 min trading screen then, they prob hit all the time, it seems Two(2) mentions of "possible RALLY" if we get near projections. INteresting

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ericoh792283
ericoh792283

Lol. Bears…pathetic. Buy the dip. We r going to all time high soon

daniel039209
daniel039209

szulc.... Im using a diff cycle guys "look" on seasonals. Not the Traders Almanac.

Also, if anyone in this comment section, including ME, recommends some bullish VXX trade, tell them to "use your inside voice" ! Completely, structurally faulty product unleashed to retail. it goes down- decreases in value daily-UNLESS there is a real panic after sustained sell off. Neither of which has been present since COVID panic.

ericoh792283
ericoh792283

Bears being wiped out. We go higher

ericoh792283
ericoh792283

. Peter vix is 12 handles. Don’t tell me we are still in bear market rally.

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