SMC Update 8-23-23

08/23/2023


Comments (10)
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ericoh792283
ericoh792283

Lol. Now russel 2000 is leading index??? Whatever Peter wants to show to get his point of view which is bear bear bear. Laughable to keep pushing your subscribers to bear slaughter house.

brian1469
brian1469

Thanks Peter! Got the right shoulder we were looking for in the indices.

Powell Friday could be all she wrote.

Looking to short NQ tomorrow on extended strength

John_cash9154493
John_cash9154493

have we stop looking at NQ? does it have higher projection? does not fit narrative. What about the Ai leader Nvidia

daniel039209
daniel039209

When on earth did you “suggest” we had a 3/4 day projection to 15,100 on NDX? You make it sound like projection “nailed it” while your commentary is all lower, lower, lower. and you know the NQ_z is up another 1.2% while shooting video. And still expecting “ possible immediate turn down”? Okay got it

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ericoh792283
ericoh792283

See he doesn’t talk about real index that matters esp day like today. He now talks about how important russel 2000 is. This is just laughable. I’m sure most of your subscribers know that you like to pick and choose that fits your bear scenario

ericoh792283
ericoh792283

See he doesn’t talk about real index that matters esp day like today. He now talks about how important russel 2000 is. This is just laughable. I’m sure most of your subscribers know that you like to pick and choose that fits your bear scenario

John_cash9154493
John_cash9154493

NQ, SPX Update before market open?

brian1469
brian1469

LOL right shoulder collapse!

Also you guys are giving Pete a lot of slack what he described to look for in the video is pretty spot on so far

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brian1469
brian1469

Peter I'm going to start marketing and selling:

The Stock Market Cycles Comments Section Sentiment Indicator™

I joked last week when Fast and I were the only ones in here it made me feel like I should go long.

Then yesterday when everybody was up in arms and saying we are going to new highs it made me want to go short.

You should at least say it is an added bonus to the projections lol

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srblack1960144
srblack1960144

Big red bearish engulfing candle today. Can Jay save the day tomorrow? Maybe, but it looks like this typical fall bearish seasonality has at least another month to go. Perhaps a rally into early/mid-September, then down to a lower low than the recent lows. Who knows...

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