SMC Update 7-19-23

Wed, 07/19/2023 Wednesday, 07/19/2023 4:46 PM PDT


Comments (16)
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daniel039209
daniel039209

hope you are close. but honestly, in last 8 days, SPX is up 190 points. Today, SPX closed 13 points off new highs and is down approximately 9.8 points after NFLX drops 8% , TSLA 4%. E minis are down .23 %. Very bold to have special breaking update showing "nailing the top" its going to take more than 2 hours to make a top, thats all i know. And it is a valid point you make; this is where we are now. But you know in your heart how large the SPX gain(760?) NDX gain(3977?) has been. That is a once in a 5-10 year event. And you cannot say you nailed it. Its not intellectually honest.
I would expect a garden variety 3-5% pullback ( gets you all the way back to late June ! woo-hoo) before a secondary rip rally that either fails or double tops .That is the most bearish case to make in next 6-8 weeks.

adwhartonmd232
adwhartonmd232

So Peter with this once in life time to invest and in this case it’s to short the market so with your money how are you shorting the market what instrument? QQQ put options, SPY put options, VIX calls or otherwise please tell us Thanks

spencerdavis2000
spencerdavis2000

Thanks Peter. I think you are correct. Looking to see how this plays out.

ericoh792283
ericoh792283

Lol. Afterhour volume is terrible. I’d bet buy the dip tomorrow comes back again. NQ is down .47% bro. Where’s the crash that you’ve been waiting for 8 months. Lol.

ericoh792283
ericoh792283

I bet this happens. We get 3-5% correction, Peter goes “see I nailed the top”, next day or week, ATH! Let’s do it!

ericoh792283
ericoh792283

Such a big crash! 💥

ericoh792283
ericoh792283

Every dip bought up!

dcarter8883312
dcarter8883312

TSLA Gives Minimum Target to 201.00 ALA 289.52 Is Not Touched ~Dorothy

Cosmic
Cosmic

dcarter8883312 said:

TSLA Gives Minimum Target to 201.00 ALA 289.52 Is Not Touched ~Dorothy

Does anyone know if any downside projections are given for TSLA on LTF?

dcarter8883312
dcarter8883312

QQQ Minimum Target 353.60 As Long As 384.30 is Not Touched. Will finalize Target After the close. ~Dorothy

dcarter8883312
dcarter8883312

NDX Minimum Target 14,528.06 As Long As 15781.96 Is Not Touched. I will finalize Targets after the close. ~Dorothy

dcarter8883312
dcarter8883312

NFLX Minimum Target 327.34 ALA 470 is NT Will finalize After The Close. ALA: As Long As NT: Not Touched ~Dorothy

neo
neo

At this rate we're going to have to open a GoFundMe for the bears.

dcarter8883312
dcarter8883312

Neo IF you had paid attention to my AAPL & TSLA & ESU23 UpsideTargets you would have made tons of $.
🙃🙂

neo said:

At this rate we're going to have to open a GoFundMe for the bears.

neo
neo

dcarter8883312 said:

Neo IF you had paid attention to my AAPL & TSLA & ESU23 UpsideTargets you would have made tons of $.
🙃🙂

neo said:

At this rate we're going to have to open a GoFundMe for the bears.

I haven't touched stocks since exiting my TSLA puts in December last year. Been taking long positions on Bitcoin, XRP and Gold since Feb/March and feeling good about it.

Lost a decent chunk of my account ($10k) in October > November following Peter's doomsday predictions, luckily I made it back on the TSLA puts - and thankfully i learned my lesson and avoided shorting the market since then.

dcarter8883312
dcarter8883312

neo said:

GOLD & Possibly WTI Crude should rally into August 2-3rd. Possible War saber rattling over the weekend.

dcarter8883312 said:

Neo IF you had paid attention to my AAPL & TSLA & ESU23 UpsideTargets you would have made tons of $.
🙃🙂

neo said:

At this rate we're going to have to open a GoFundMe for the bears.

I haven't touched stocks since exiting my TSLA puts in December last year. Been taking long positions on Bitcoin, XRP and Gold since Feb/March and feeling good about it.

Lost a decent chunk of my account ($10k) in October > November following Peter's doomsday predictions, luckily I made it back on the TSLA puts - and thankfully i learned my lesson and avoided shorting the market since then.

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