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fast3777
Peter thanks, will tomorrow be the day? I think so.
daniel039209
The SPX HAS AN ATR of 39
And why would it be abnormal for it to decline 11 points on any given hour? Again, what is the “point of no return “ where we actually break an important level. I still will struggle to understand the faith you put in an UPtrending line as a “negative event” point of reference. (FEB2020 is an outlier- COVID.) Sample size is 1 after that. You posture that all the prices under that trend line are somehow negative. That’s illogical, they are rising for 40 years, with intermittent bear markets. That is the stock market./business cycle. Calling for a down market day in day out loses its level of importance. Not unlike the VIX for 4 months you talked about it. Now, it’s the “trend line “. I’m aware that the first 5% drop will feel like you “nailed it” meanwhile would still be out the 32% the market went up. Market will most likely be up most of week. Probabilities are high
jshemanski49196
daniel039209 said:
The SPX HAS AN ATR of 39
And why would it be abnormal for it to decline 11 points on any given hour? Again, what is the “point of no return “ where we actually break an important level. I still will struggle to understand the faith you put in an UPtrending line as a “negative event” point of reference. (FEB2020 is an outlier- COVID.) Sample size is 1 after that. You posture that all the prices under that trend line are somehow negative. That’s illogical, they are rising for 40 years, with intermittent bear markets. That is the stock market./business cycle. Calling for a down market day in day out loses its level of importance. Not unlike the VIX for 4 months you talked about it. Now, it’s the “trend line “. I’m aware that the first 5% drop will feel like you “nailed it” meanwhile would still be out the 32% the market went up. Market will most likely be up most of week. Probabilities are high
Well said, Daniel!
ericoh792283
Bears keep saying top is tomorrow too is tomorrow! For 9months now. Lol
daniel039209
jshemanski, thanks. I think we all just want some "intellectual honesty" , not a "hail mary" call every other day, if not, every day. trying to be a standout, make a hero 'crash call' is fools errand. Sometimes, the crowd, the trend is RIGHT. As has been since Jan 1. This week should provide some volatility with CPI, but probabilities of an up small week are very high. +1-2% not huge
ericoh792283
Crash today crash today!
ericoh792283
Market has been in rotation. Not crash. Bunch of bears getting crushed.
ericoh792283
Where does Peter’s imaginary line at today???
XXSPOWER127
jshemanski49196 said:
daniel039209 said:
The SPX HAS AN ATR of 39
And why would it be abnormal for it to decline 11 points on any given hour? Again, what is the “point of no return “ where we actually break an important level. I still will struggle to understand the faith you put in an UPtrending line as a “negative event” point of reference. (FEB2020 is an outlier- COVID.) Sample size is 1 after that. You posture that all the prices under that trend line are somehow negative. That’s illogical, they are rising for 40 years, with intermittent bear markets. That is the stock market./business cycle. Calling for a down market day in day out loses its level of importance. Not unlike the VIX for 4 months you talked about it. Now, it’s the “trend line “. I’m aware that the first 5% drop will feel like you “nailed it” meanwhile would still be out the 32% the market went up. Market will most likely be up most of week. Probabilities are high
Well said, Daniel!
daniel039209 said:
The SPX HAS AN ATR of 39
And why would it be abnormal for it to decline 11 points on any given hour? Again, what is the “point of no return “ where we actually break an important level. I still will struggle to understand the faith you put in an UPtrending line as a “negative event” point of reference. (FEB2020 is an outlier- COVID.) Sample size is 1 after that. You posture that all the prices under that trend line are somehow negative. That’s illogical, they are rising for 40 years, with intermittent bear markets. That is the stock market./business cycle. Calling for a down market day in day out loses its level of importance. Not unlike the VIX for 4 months you talked about it. Now, it’s the “trend line “. I’m aware that the first 5% drop will feel like you “nailed it” meanwhile would still be out the 32% the market went up. Market will most likely be up most of week. Probabilities are high
daniel039209 said:
The SPX HAS AN ATR of 39
And why would it be abnormal for it to decline 11 points on any given hour? Again, what is the “point of no return “ where we actually break an important level. I still will struggle to understand the faith you put in an UPtrending line as a “negative event” point of reference. (FEB2020 is an outlier- COVID.) Sample size is 1 after that. You posture that all the prices under that trend line are somehow negative. That’s illogical, they are rising for 40 years, with intermittent bear markets. That is the stock market./business cycle. Calling for a down market day in day out loses its level of importance. Not unlike the VIX for 4 months you talked about it. Now, it’s the “trend line “. I’m aware that the first 5% drop will feel like you “nailed it” meanwhile would still be out the 32% the market went up. Market will most likely be up most of week. Probabilities are high
VERY WELL STATED AND TO THE #point
daniel039209
kwmurphy2939 said:
Looks like Nasdaq Composite needs another high tomorrow to finish this. Everything else should fail. 1987 to 2002 low = 3779 market day x 1.382 from 2002 = 12 July 2023. CPI awaits.
appreciate this work. thank you for sharing. i do work with Fibo price zones, im not that experienced with time zones, but between Gann and some Fibo levels, I think it is valuable.
XXSPOWER127
/NQ HAS HIGHER.. 7-8 projections
So does
/YM
So does
//RTY
Sooo why short ??
daniel039209
XXSPOWER127 said:
/NQ HAS HIGHER.. 7-8 projections
So does
/YM
So does
//RTY
Sooo why short ??
What is level in NQ_z that nullifies that upside. while this week is usually a positive, we are stretched in front of earnings. that is what i am trying to get Peter to put out there. " IF WE BREAK NDX level of 14940 then we can close gap at 14689 (6.26.23 close)" im saying that, i want HIM or anyone in this room to point out a legitimate level of tripping up the market. Versus, BTC-dead, (meanwhile up 6000). SPX going to 4000. "'Cascade, waterfall, snowfall, flash crash, COVID crash " on repeat-- IS not helpful at all. not including you in the "end of days" forecast, you have been generally looking thru the bearish bias correctly
Last updated
daniel039209
brian1469 said:
It's all on the bulls here 5th week in a row were it is simple to invalidate the long term bearish projections.
JP Morgan says it is like 1999 again
Thom Lee guarantees 100 point rally tomorrow on soft CPI
I'm tired of the talk lets see the bulls invalidate the long term projections and actually do something
1999 was a very frothy year. up so much you have no idea, unless of course you were involved in market
daniel039209
Brian1469--thank you for that level! And i agree with you, this is NOT 1999. The valuations went parabolic throughout the year, accelerating into Jan/Feb 2000. only comparison would be what happened to "COVID stocks"; PTON,ZM,CVNA, W, RIVN when they came out in 2021. That is the comparison. Peter, quoting Hussman( for long time now) has uttered " this is most expensive market ever" Fact check that one.
fast3777
There are about 4 Dow stocks in process of making or trying to make ATH's JPM,(Salesforce secondary top),Visa,and Mastercard. Most are buyback or "pool" stocks. The historic top continues to unfold here. Probably hours away from final tops. Dow in to the previous gap.
Last updated
fast3777
The SPX could be in a ending diagonal triangle pointing possibly to another run at 4461. Depending on the inflation numbers. A marginal new high would be limited but could fail. This has got to be the most fractured market in U.S. History. All of that Powell gift of 600 Billion went right into the trading desks of the Big Banks and greed is good until it is not.
Last updated
ericoh792283
Lol. Where’s the bear at.
XXSPOWER127
PETER
Remember, you said if we went above speed resistance lines, the only destination is at the highs
Well?? What do you say?
XXSPOWER127
Only 300 points now from ATH LMAO !!!
daniel039209
fast3777 said:
The SPX could be in a ending diagonal triangle pointing possibly to another run at 4461. Depending on the inflation numbers. A marginal new high would be limited but could fail. This has got to be the most fractured market in U.S. History. All of that Powell gift of 600 Billion went right into the trading desks of the Big Banks and greed is good until it is not.
spx 4461? a rally of another .67% lets see if that is all we rally on CPI number tomorrow. average true range is like 38? so, like one click away. Peter had a 4398 "87% probability of hit" and it didnt even downtick more than 1.33 points. good luck to all
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Peter thanks, will tomorrow be the day? I think so.
The SPX HAS AN ATR of 39 And why would it be abnormal for it to decline 11 points on any given hour? Again, what is the “point of no return “ where we actually break an important level. I still will struggle to understand the faith you put in an UPtrending line as a “negative event” point of reference. (FEB2020 is an outlier- COVID.) Sample size is 1 after that. You posture that all the prices under that trend line are somehow negative. That’s illogical, they are rising for 40 years, with intermittent bear markets. That is the stock market./business cycle. Calling for a down market day in day out loses its level of importance. Not unlike the VIX for 4 months you talked about it. Now, it’s the “trend line “. I’m aware that the first 5% drop will feel like you “nailed it” meanwhile would still be out the 32% the market went up. Market will most likely be up most of week. Probabilities are high
Well said, Daniel!
Bears keep saying top is tomorrow too is tomorrow! For 9months now. Lol
jshemanski, thanks. I think we all just want some "intellectual honesty" , not a "hail mary" call every other day, if not, every day. trying to be a standout, make a hero 'crash call' is fools errand. Sometimes, the crowd, the trend is RIGHT. As has been since Jan 1. This week should provide some volatility with CPI, but probabilities of an up small week are very high. +1-2% not huge
Crash today crash today!
Market has been in rotation. Not crash. Bunch of bears getting crushed.
Where does Peter’s imaginary line at today???
VERY WELL STATED AND TO THE #point
appreciate this work. thank you for sharing. i do work with Fibo price zones, im not that experienced with time zones, but between Gann and some Fibo levels, I think it is valuable.
/NQ HAS HIGHER.. 7-8 projections So does /YM
So does
//RTY
Sooo why short ??
What is level in NQ_z that nullifies that upside. while this week is usually a positive, we are stretched in front of earnings. that is what i am trying to get Peter to put out there. " IF WE BREAK NDX level of 14940 then we can close gap at 14689 (6.26.23 close)" im saying that, i want HIM or anyone in this room to point out a legitimate level of tripping up the market. Versus, BTC-dead, (meanwhile up 6000). SPX going to 4000. "'Cascade, waterfall, snowfall, flash crash, COVID crash " on repeat-- IS not helpful at all. not including you in the "end of days" forecast, you have been generally looking thru the bearish bias correctly
Last updated
1999 was a very frothy year. up so much you have no idea, unless of course you were involved in market
Brian1469--thank you for that level! And i agree with you, this is NOT 1999. The valuations went parabolic throughout the year, accelerating into Jan/Feb 2000. only comparison would be what happened to "COVID stocks"; PTON,ZM,CVNA, W, RIVN when they came out in 2021. That is the comparison. Peter, quoting Hussman( for long time now) has uttered " this is most expensive market ever" Fact check that one.
There are about 4 Dow stocks in process of making or trying to make ATH's JPM,(Salesforce secondary top),Visa,and Mastercard. Most are buyback or "pool" stocks. The historic top continues to unfold here. Probably hours away from final tops. Dow in to the previous gap.
Last updated
The SPX could be in a ending diagonal triangle pointing possibly to another run at 4461. Depending on the inflation numbers. A marginal new high would be limited but could fail. This has got to be the most fractured market in U.S. History. All of that Powell gift of 600 Billion went right into the trading desks of the Big Banks and greed is good until it is not.
Last updated
Lol. Where’s the bear at.
PETER
Remember, you said if we went above speed resistance lines, the only destination is at the highs
Well?? What do you say?
Only 300 points now from ATH LMAO !!!
spx 4461? a rally of another .67% lets see if that is all we rally on CPI number tomorrow. average true range is like 38? so, like one click away. Peter had a 4398 "87% probability of hit" and it didnt even downtick more than 1.33 points. good luck to all
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