SMC Update 7-26-23

Wed, 07/26/2023 Wednesday, 07/26/2023 5:54 PM PDT


Comments (21)
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ericoh792283
ericoh792283

Bear 🤡

ericoh792283
ericoh792283

Vix below 13 again. What a crash! Black Monday Tuesday Wednesday Thursday Friday! Vix, imaginary trend line, resistance line, 69 days top! Lol

XXSPOWER127
XXSPOWER127

How can bears have any expectations while this impressive Earning Seasson is overlaping with the low liquidity projections. LOL PETER does not talk about these things that are PERTINENT NOW A DAYS

SPX getting close to the 4600 strong resistance

(negative vanna for dealers) that will be a level to watch.

JPM sell calls are sitting right above,

4665 that is also a strong resistance level.

@@@ ALERT !!! szulc2639 szulc2639szulc2639szulc2639szulc2639szulc2639szulc2639szulc2639 szulc2639

HE WILL NOT TRADE TODAY CAUSE HIS BUDDY HUNTER BIDEN DID NOT GET A PLEA DEAL SO HE IS SAD !!!

LMAO

SMALLHANDS

REMEMBER TO HAVE YOUR MOMMY WASH YOUR UNDIES szulc2639

ericoh792283
ericoh792283

All of Peter’s downside about to get invalidated!

dcarter8883312
dcarter8883312

6/13/23 Target on ESU 4625.69 Met 7/27/23 should reverse over next 3 trading days and it’s possible to reverse today & tomorrow is acceleration to downside! Otherwise 🚀To The Moon 🌝? SPX Stretch Target 4716.20. Watch AAPL 5/30 Target 197.61.
SPY Target 463.30 or 463.48 ~Dorothy

dcarter8883312
dcarter8883312

kwmurphy2939 I’m curious whose work this is the squaring of numbers and logic behind going from 55 squared to 60 squared to 70 squared?

I’ve long had a Turn date August 2-3 but felt it would be a low. Profiles can flip. Thanks ~Dorothy

We hit a target Tuesday and exceeded it yesterday. Wrong. The most import cycle is the 70 week cycle from 1929. 9/3/1929 + 55 x 55 weeks x 7 days = 21175 days = 25 Aug 1987 high. 60 x 60 x 7 = September 1, 1998 LTCM panic low. 70 x 70 x 7 = August 1, 2023. That may be what is driving things here. John Hussman ain't looking good.

XXSPOWER127
XXSPOWER127

szulc2639 said:

XXSPOWER127 said:

How can bears have any expectations while this impressive Earning Seasson is overlaping with the low liquidity projections. LOL PETER does not talk about these things that are PERTINENT NOW A DAYS

SPX getting close to the 4600 strong resistance

(negative vanna for dealers) that will be a level to watch.

JPM sell calls are sitting right above,

4665 that is also a strong resistance level.

@@@ ALERT !!! szulc2639 szulc2639szulc2639szulc2639szulc2639szulc2639szulc2639szulc2639 szulc2639

HE WILL NOT TRADE TODAY CAUSE HIS BUDDY HUNTER BIDEN DID NOT GET A PLEA DEAL SO HE IS SAD !!!

LMAO

SMALLHANDS

REMEMBER TO HAVE YOUR MOMMY WASH YOUR UNDIES szulc2639

Such infantile behavior, you're an embarrassment to your family.

SMALLHANDS

democrack

ericoh792283
ericoh792283

I think as long as bears continue to fight this, we have much higher to go. Obviously ATH next and probably QQQ 500

ericoh792283
ericoh792283

Peter must be sweating 😅 right now….all his calls have been wrong.

dcarter8883312
dcarter8883312

ESU Target met indices rolling over.

That could be it❗️  Stick a fork in it🍴 IF reverses today & looking like it could.   Possible Escalation to downside tomorrow for a “flash crash” low Aug 1-3?  We’ll have to see.   Lots of planets Rx so Profile flipped/skewed.  The  individual Targets have worked better than Profile recently.   Looks Like Very Low Risk Timing For Shorts or Puts to me. ~Dorothy

daniel039209
daniel039209

brian1469 said:

Same script they have been running all year big up day after the FED announcement day.

Put a ES hedge on after the close yesterday thinking it could happen.

Market Forecast formations are strange would thinking they would all three be pointing up but near term is still pointing down. Have never really seen this formation before. This is a super rare market.

If anybody has the software and can let us know if the 3/4 get hit to the upside were we are?

Said it last night it would be good to fill the NDX gap at 15780-15820 area

Edit got the gap fill on minimal basis. Could that be it?

Also META finally filled gap from 2/2/22 at 323 today.

my comment yesterday to pivot,do something other than short every day was so dumb, huh??? how about a close under a 8 or 10 day move average? that is when i will lay into shorts. i want to hear how peter spins this, he should do intraday update, did we just invalidate all his NDX 15300-15050 downside?

XXSPOWER127
XXSPOWER127

/NQ 16666 I wait ...

XXSPOWER127
XXSPOWER127

daniel039209 said:

brian1469 said:

Same script they have been running all year big up day after the FED announcement day.

Put a ES hedge on after the close yesterday thinking it could happen.

Market Forecast formations are strange would thinking they would all three be pointing up but near term is still pointing down. Have never really seen this formation before. This is a super rare market.

If anybody has the software and can let us know if the 3/4 get hit to the upside were we are?

Said it last night it would be good to fill the NDX gap at 15780-15820 area

Edit got the gap fill on minimal basis. Could that be it?

Also META finally filled gap from 2/2/22 at 323 today.

my comment yesterday to pivot,do something other than short every day was so dumb, huh??? how about a close under a 8 or 10 day move average? that is when i will lay into shorts. i want to hear how peter spins this, he should do intraday update, did we just invalidate all his NDX 15300-15050 downside?

^^^^ exactly ^^^^

Or you can do Elliot wave synopsis and not know which way to go maybe might could perhaps if then there alternatively then.. says SZULTZZZ6669

daniel039209
daniel039209

brian.... okay , fair enough. I just am so shocked that Peter has done his new shiny object of the day bearish bias for so long. He also has done this in past, so , maybe i shouldnt have been so surprised. Was negative from March 2021 all the way up until Jan2022 when we had a month of divergences. Tops take time.

fast3777
fast3777

The real deal?? Yes I think so. Japan completed a expanding triangle,now in wave 3 down. Germany also in 3 down...Hang on Bulls,that heat will BBQ you.

daniel039209
daniel039209

fast3777 said:

The real deal?? Yes I think so. Japan completed a expanding triangle,now in wave 3 down. Germany also in 3 down...Hang on Bulls,that heat will BBQ you.

hey Fast ! welcome back. Today is the FIRST DAY that the market has shown extreme buying/capitulation. Period. Down Thursday leads to down Fridays Finally short and not against me 779 points

fast3777
fast3777

daniel039209 said:

fast3777 said:

The real deal?? Yes I think so. Japan completed a expanding triangle,now in wave 3 down. Germany also in 3 down...Hang on Bulls,that heat will BBQ you.

hey Fast ! welcome back. Today is the FIRST DAY that the market has shown extreme buying/capitulation. Period. Down Thursday leads to down Fridays Finally short and not against me 779 points

Good luck and I hope both us clean up! Down Friday down Monday is a old Wall Street maxim. Gann always said 3 down bars off a top means change of trend. We have 5 down off the top in the S&P,which means I'm wondering about Peter's August 9th date. Cheers

Last updated

fast3777
fast3777

Btw the JNK is signaling a banking crisis. Don't know when but it's coming.

dcarter8883312
dcarter8883312

kwmurphy2939 said:

The squaring of calendar time is a Gann Technique.

kwmurphy2939 said:

The squaring of calendar time is a Gann Technique.

KWMurphy Yes, I knew that about Gann. Did you know James Brock RIP? He also did work similar to what you posted. Just curious. Thanks 🙏 ~Dorothy

arcon00224
arcon00224

" From the wave 2 high on 3/29/22 to today’s 4634.50 high on 7/27/23, the market has made a net gain of 3.5 points in the span of 16 months "

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