SMC Update 8-16-23

08/16/2023


Comments (14)
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Peter Eliades
Peter Eliades

Apologies for the soft focus on my webcam, but the important thing is the charts and they are crystal clear in more ways than one. By the way, Peter was on Fox Financial today with Neil Cavuto. Here is the link for the interview... https://www.foxbusiness.com/video/6333849680112

dcarter8883312
dcarter8883312

INTC
8/16/23 Target 27.30 ALA 34.75 Is NT. INTC 8/1/23 Target 29.10 was Cxld on 8/4. Now that a new Target to a lower price has been given the 29.10 Target is reinstated.

Once 29.10 is met the following 3 trading days are key for a reversal, a new Target or indication INTC is heading to 27.10.

ALA: As Long As

NT: Not Touched ~Dorothy

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fast3777
fast3777

Peter thanks, This market sells off in the cash and resets in the futures. Same as 2008 as the situations are the same only worse. The UST is at 118 and just off the low, I believe now the markets are in wave C down. The JNK junk bond index now in a cycle C wave down. Nobody can stop what's coming as interest rates will rise at a time of historic leveraged debt. Consumer,Corporate,Buyback,Sovereign,Student,Credit card,Car loan,Mortgage,Commercial RE,ect at ATH's and make no mistake the Piper will be paid....soon. The upside down pyramid will come down.

Last updated

fast3777
fast3777
fast3777

BTC right at the lower support line. Today could get ugly.

fast3777
fast3777

Some of the big boys have started down UNH,AZO,BKNG,MA Unlimited downside.

fast3777
fast3777

Buffett and AAPL corporate dumping stock again.

fast3777
fast3777

We have the dark side of the moon all this week. IF this market starts to implode,the Federal deficit will start to explode.

arcon00224
arcon00224

It's comical how quiet the bull trolls have gotten in these comment threads over the past few days of a relatively small sell-off. You guys better be so busy buying up this dip that you haven't had a chance to comment on this down move. Because you sure have a lot of time to leave trolling messages commenting on any up move.

fast3777
fast3777

They are pumping the Bank stocks...Lol. They can't save it.

fast3777
fast3777

The Bond rallies and major support for the SPX futures is 4388. It could be broken today or tomorrow. I expect the flood gates to open if it is decisively.

fast3777
fast3777

If BTC starts to implode....watch out below. Target 20,000

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fast3777
fast3777

This dead cat bounce in the NQ NDX does not bode well for the rest of today's session. IMHO

fast3777
fast3777

The market should give us a break away gap down tomorrow. Looking for a target at the 200 DMA. Some say we are in 5 of 1...I think 1 of 3 fits a lot better given the big boys have just started down.

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