SMC Update 7-6-23
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Comments (19)
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World markets would have to reverse Strongly tonight. Japan and Germany have made significant tops here. July has a record of bullishness,but cycles can invert. As far as Gann the only person who has a forecasting ability to be precise with accurate predictions is Peter. I have followed everyone in my lifetime and nobody comes close. IMHO
One of the main reasons I'm so bearish is the JNK chart which completed a 11 month long B triangle and this week started to thrust down in it's C wave collapse. The only reason the JNK does this type of pattern is a banking credit crisis. We're headed for financial crisis worse than 2008 and the JNK is sounding the alarm.
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Markets are pretty weak here and could start another leg down sometime today or Monday.
The NFP more Stagflation a head. Bad for the economy and did states just raise the minimum wage? If so will continue to produce a inflationary recession or worse. You can't fix economic policy that is bad,these band aids will drag the economy down.
The Dow is a Zombie market and the NDX is in hospice. Only a matter of time that they both expire.
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Where’s the bears at? Only here Fast and Peter! Lol
I'll say it again totally fractured markets like this waterfall down. Next on tap is a 3rd wave and many Dow stock will be in the most powerful part of this 3rd wave. The Harmonic Butterfly top measures down to the October Low and it will be quick. This market is ready to be marked down. Exhausted.
Your crash won’t come. People who bought the bottom are taking profits. Smart People who missed out, buying that dip. Real dumb money-you Fast is still shorting.
I expect to make 7 figures on this drop. Made 5 figures yesterday. Don't worry about me sonny. Going short now
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/NDX IS IN HOSPICE? LOL
RESEARCH WALEYS BREADTH THRUST RESEARCH ZWEIG 3% RULE WE HAD 3 X ALREADY
/NQ HAS HIGHER PROJECTIONS = MUCH HIGHER
GO TO MONTHLY, THEN CLICK 60 MIN, THEN CLICK WEEKLY
16636 FIRST THATS ANOTHER ONE THOUSAND 300 POINTS ILL BANK WHEN IT GETS THERE
ALL YOU BEARS JUST KEEP SINGING THE SAME TUNE ...........
WE ARE GOING OVER /ES 4500
@RTY 2100 @RTY 1942 FIRST, THEN 1955 , THEN 2100
LOL SILLY BEARS
WHY DO YOU @FAST3777 THINK YOU CAN PICK A TOP IF ELIDES WHO HAS 70 YEARS IN THE MARKET CANNOT EVEN SEE, AFTER ALL THIS TIME THAT THE THINGS HE SAID
A) SPEED RESISTANCE LINES ........ THEY HAVE BEEN PASSED SO THAT MEANS WE GO BACK TO ATH
HE WONT TALK ABOUT IT
B) VXX IS DEAD- LOWER PROJECTIONS - MEANS .............. HIGHER MARKETS
C) DOLLAR IS DEAD NOW = MEANS -------- HIGHER MARKETS
D) HIGHER PROJECTIONS ON /NQ /RTY /YM /ES ( 100 PRELIMINARY TO 4546 )
MICROSOFT ALONE UPGRADE TO 3 TRILLION MARKET CAP WILL BE A 400++ STOCK EASY NVDA IF THEY GUIDE UP = 500++++= YOU KEEP SAYING THE SAME THING ...
I AM SHOWING YOU THE WAY SINCE /NQ 10000 !!! 53 % HIGHER !!! LOL
look like we will get a HIGHER 1.75 TO 2 PROJECTION on the /NQ and we already have a HIGHER 7/8 PROJECTIONS
SO WHY ARE WE SAYING WATERFALL FOR /NQ? WHEN WE HAVE SEVERAL HUNDRED POINTS HIGHER POSITIVE PROJECTIONS?
HMMMM? NOT SURE THE LOGIC
@RTY HAS HIGHER AND WILL INVALIDATE LOWER
THIS IS NOT MARKET MATH THIS IS JUST VOODOOO GARBAGE BELOW The June 30 S&P high at 4458.48 divided by 2 = 2229.24. Add 22292 calendar days to the June 25, 1962 low and you arrive at July 7, 2023. ^^^ HOGWASH THAT IS STUFF @szulc2639 READS
LMAO
Things can stay hot for long time. ATH coming.
OK FAST IS SHORT @ES 4474
RIGHT ? LETS GET IT
JNK HAS HIGHER PROJECTIONS TO 92/93
I hate to burst the bull bubble but a zillion flies have been unleashed....pucker up Bulls.
Bulls it's time for some reality here. This was never a Bull market. It was a B wave fueled by the Buy Back Mafia who stuck it to the Big Banks in deep. You will find the truth of this in the coming weeks and months as the criminal syndicate pull their bids and Humpty Dumpty comes tumbling down. Party like its 1929 only worse. Good Luck
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Another good day as Peter points the way. Today in my estimation points to a very bearish next week. Today's close was very bearish and that German grenade candle closed right on the upper TL of the SPX cash...looking for a big gap down Monday. Have a great weekend and of course you too Peter,thank you.
Classic Lmao!
My target for the SPX cash next week is 4050 to 4000.
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