SMC Update 7-6-23

Thu, 07/06/2023 Thursday, 07/06/2023 3:40 PM PDT


Comments (19)
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fast3777
fast3777

kwmurphy2939 said:

WWGD, what would Gann do? 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. If it rounds over to 22293 it hits Monday the 10th which is 9000 market days from the 10/19/1987 crash. Only the Nasdaq should be making one final push. Dow and S&P should be done. May fill part of the gap today as the Nas drags the S&P higher for one final gasp.

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

fast3777
fast3777

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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fast3777
fast3777

Markets are pretty weak here and could start another leg down sometime today or Monday.

fast3777
fast3777

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.

fast3777
fast3777

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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ericoh792283
ericoh792283

Where’s the bears at? Only here Fast and Peter! Lol

fast3777
fast3777

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.

ericoh792283
ericoh792283

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.

fast3777
fast3777

ericoh792283 said:

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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XXSPOWER127
XXSPOWER127

fast3777 said:

The Dow is a Zombie market and the NDX is in hospice. Only a matter of time that they both expire.

/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

XXSPOWER127
XXSPOWER127

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

XXSPOWER127
XXSPOWER127

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

ericoh792283
ericoh792283

Things can stay hot for long time. ATH coming.

XXSPOWER127
XXSPOWER127

fast3777 said:

ericoh792283 said:

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

OK FAST IS SHORT @ES 4474
RIGHT ? LETS GET IT

fast3777 said:

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.

JNK HAS HIGHER PROJECTIONS TO 92/93

fast3777
fast3777

I hate to burst the bull bubble but a zillion flies have been unleashed....pucker up Bulls.

fast3777
fast3777

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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fast3777
fast3777

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.

fast3777
fast3777

brian1469 said:

Just got some bad news the Bulls got lured into Bidenomics and cocaine and went into Cardiac arrest at 12:29 pm July 7th 2023

So far all attempts of being brought back to life have failed

Classic Lmao!

fast3777
fast3777

My target for the SPX cash next week is 4050 to 4000.

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