SMC Update 7-8-24

07/08/2024


Comments (3)
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daniel039209
daniel039209

Quick recap for me; on July 3rd ; we were informed we had reached the highest possible levels NDX , SPX( might have drop more but “not going to make it”). Fast forward July 8th NDX blowing through any and all “highest possible” levels( by 300 points) and now new one as go to log chart on SPX. At this moment , the NDX futures are up MORE THan they were today and it’s only 9:30 est ! Net net , same same.. none of the bearish engulfing candles have worked for 9 months. Now we go with a doji ? How are you helping subscribers ?

bobby4649
bobby4649

Hi All, hope you are feeling well Peter. The 100/110 weekly ES futures contract top of box log is 6060, still significantly higher. Can you reconcile with SPX please? thank you.

jeanrobert15225
jeanrobert15225

I will tell you, Biden reelection is at a critical point, so the federal reserve and it`s Plunge Protection Team ( PPT) have been doing all its power to push the market higher till it breaks by natural forces, against their will. I will be ready for it by tomorrow morning. I think we could go down till July 22, like in 2002. The market is at a critical point in time, so I will bet it will go down soon after the open tomorrow. Thank you, Peter, for your last update. It triggered for me a wake-up call for the exit before everything have started to fall apart big time. I am not ready to wait for the signal which is a 3% to 5 % downward move before to act.

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