SMC Update 6-27-23

Tue, 06/27/2023 Tuesday, 06/27/2023 5:04 PM PDT


Comments (23)
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dcarter8883312
dcarter8883312

Thanks Peter, I hope No one is Long NVDA or AMD. Both are down in after hours on Biden Chip Ban. ~Dorothy

fast3777
fast3777

Peter thanks, "Those downside projections still in force." The NQ's,Bitcoin,and Japan look bearish tonight.

daniel039209
daniel039209

daniel039209 said:

I think it would be helpful if once there is a new index or a new focus on one day, then completely ignored the next day; for example, on 6-26 update, whole bearish case on XLK. did it invalidate big downside? and then we had huge rally yesterday, right through the 10 dma which were huge focus yesterday. Now, with sample size of 2 in 23 years, the NDX when compared to DJIA is "overvalued". You have quoted Hussman over the months, years about how "this market" is the most overvalued as part of bearish bias. I also heard " cascading, snowballing" in todays video. after a pullback, 1-3 day rally expected, yesterday was day 1. End of quarter, beginning of new quarter, usually NOT cascading down environment. Yesterday we did halt around NDX 14960. support 14830/14800 today/tm highly unlikely collapse imminent

fast3777
fast3777

Buy the dip....I dare ya...lol

fast3777
fast3777

If the powers that are, still have Bitcoin tied to the futures hang on.

fast3777
fast3777

AAPL support 186 and 180

fast3777
fast3777

Japan futures at 33,370 a .618 retracement

Last updated

fast3777
fast3777

5 up in AAPL

daniel039209
daniel039209

fast3777 said:

Buy the dip....I dare ya...lol

got close to 14830- missed by 35 pts- only to rally 160 points you should have bought the dip, my friend! one question; are you Peter's nom de plume?>??

fast3777
fast3777

Possible flat for a wave 2 finishing in the NDX. Japan possible reversal at .618 and AAPL extending it's final push.

fast3777
fast3777

YM's can't rally. Wave 3 down in the Dow.

XXSPOWER127
XXSPOWER127

Bitcoin will go higher ..37000

Cosmic
Cosmic

XXSPOWER127 said:

Bitcoin will go higher ..37000

Any reason why?

dcarter8883312
dcarter8883312

szulc2639 Szulc2639 I shouldn’t even dignify your lame comment! Anyone but a novice investor knows every stock doesn’t peaks on the same day! 🧐 My Profile is SPX Based Not NAZDAQ. Thank You Very Much! We will see several days of chop before last push up into July 7, 10, or 11th peak.

Elliott Wave is a joke. NVDA broke last night the minute the news came out. I await your revised wave count as ALL Elliott Wave Technicians do!
~Dorothy

dcarter8883312 said:

Thanks Peter, I hope No one is Long NVDA or AMD. Both are down in after hours on Biden Chip Ban. ~Dorothy

dcarter8883312 said:

Thanks Peter, I hope No one is Long NVDA or AMD. Both are down in after hours on Biden Chip Ban. ~Dorothy

But you announced you went long today and predicted a top into 7/7-7/11. Politics or news doesn't determine the market direction, the market sets up beforehand. Neither AMD or NVDA broke their trading range today albeit to the lower end. If a top today then the market setup an X wave for another ZigZag down, not news.

fast3777
fast3777

Wild day so far and I think it is just the start. Japan went back up and tested the .618 and failed. Should start down in it's 3rd wave. UNH is a Dow candidate for a steep decline. Is AAPL finished? A break below 186 maybe,180 for sure.

fast3777
fast3777

Break of SPX cash 4360 to 4350 might see a acceleration downward.

dcarter8883312
dcarter8883312

szulc2639 said: CEO NVDA DISAGREES NO WHERE DID HE BLAME ELLIOTT WAVE LOL

Nvidia stock falls back after CFO says no ‘immediate material impact’ from wider China AI chip ban, but warns of ‘permanent loss of opportunities’

~Dorothy

dcarter8883312 said:

Thanks Peter, I hope No one is Long NVDA or AMD. Both are down in after hours on Biden Chip Ban. ~Dorothy

dcarter8883312 said:

Thanks Peter, I hope No one is Long NVDA or AMD. Both are down in after hours on Biden Chip Ban. ~Dorothy

But you announced you went long today and predicted a top into 7/7-7/11. Politics or news doesn't determine the market direction, the market sets up beforehand. Neither AMD or NVDA broke their trading range today albeit to the lower end. If a top today then the market setup an X wave for another ZigZag down, not news.

fast3777
fast3777

Cosmic Consciousness said:

XXSPOWER127 said:

Bitcoin will go higher ..37000

Any reason why?

Bitcoin has tracked the SPX/NDX since the October low. If the market has topped for good,I expect Bitcoin to decline in unison.

XXSPOWER127
XXSPOWER127

Cosmic Consciousness said:

XXSPOWER127 said:

Bitcoin will go higher ..37000

Any reason why?

Sure Look at the projections. The lower got invalidated and we have

HIGHER !! to go

XXSPOWER127
XXSPOWER127

Re: BITCOIN

a) projections are higher b) GBTC is higher projections also c) Mara has higher d) coin has higher e) bITO HAS HIGHER

37000 is target

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