SMC Update 8-29-23

08/29/2023


Comments (19)
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ericoh792283
ericoh792283

Lol. This is so funny. We are almost at ATH. Peter’s been saying we are going lower since October lows. Do you bears really think this is bear market? We just had less than 6-8% health correction. There’s no more bear market folks. Give it up!

brian1469
brian1469

Thanks for all your work Peter!

If we do get the upper projection it would lead to filling the gap left by the Fitch downgrade gap

So wouldn't be surprised if we rally through the first week of September and get in that area

Should know more tomorrow

daniel039209
daniel039209

I’m confused. So are you suggesting shorting because they “should stop “ at .618? And if they do continue are you suggesting you should be long ( after being short) for a run to recent highs ?
What happthe DJIA? What happened to your “85% hit rate of lows to 32,900-33,100? “ you don’t mention? Just like VXX just like Hussman collapse. Just , let’s forget about it . My suggestion ; since you can’t see the upside of markets ( includes gold BTC bonds - all rallying) you should have videos on stocks UNDER the 200 dma . There you will find you bearish field of dreams. The rest of your picks have a very poor record DESPITE the projections always “nailing every move” I didn’t make 2% today that’s for sure Anyone else ? Except XXSpower ?

fast3777
fast3777

There is always the UST which has a major impact on stocks. Today the 30 year also rallied to a 62 pct retrace. Japan and Germany also retraced tonight and BTC retraced. Going forward how can the U.S fund its Trillion $ debt service with declining tax receipts and a growing war in Ukraine? Another one day wonder?

brian1469
brian1469

daniel039209 said:

I’m confused. So are you suggesting shorting because they “should stop “ at .618? And if they do continue are you suggesting you should be long ( after being short) for a run to recent highs ?
What happthe DJIA? What happened to your “85% hit rate of lows to 32,900-33,100? “ you don’t mention? Just like VXX just like Hussman collapse. Just , let’s forget about it . My suggestion ; since you can’t see the upside of markets ( includes gold BTC bonds - all rallying) you should have videos on stocks UNDER the 200 dma . There you will find you bearish field of dreams. The rest of your picks have a very poor record DESPITE the projections always “nailing every move” I didn’t make 2% today that’s for sure Anyone else ? Except XXSpower ?

I believe he is saying all upper projections have been met. The 12/13 is giving one on a closing but not on intraday yet. But if we even go sideways today it should be given.

In defense of Peter he did give us the 7/8 projections the night before and if you would have bought the open yesterday you would have been close to making a lot of the 2%.

Let's face it this is an extreme market and everybody is getting torn up.

You should really just go long and quit complaining about the bearish calls if you want to make money when the market goes up. We should have a good target today in the 12/13 to look for if it hits today

XXSPOWER127
XXSPOWER127

Nina from PasAdena just told me 4532

U know these algos they use PRIOR sequences and the last sequence they used .... ummmm what FIB ratio was it? was it .618

nahhhhh

but wait how do I find it?

daniel039209
daniel039209

brian1469 said:

daniel039209 said:

I’m confused. So are you suggesting shorting because they “should stop “ at .618? And if they do continue are you suggesting you should be long ( after being short) for a run to recent highs ?
What happthe DJIA? What happened to your “85% hit rate of lows to 32,900-33,100? “ you don’t mention? Just like VXX just like Hussman collapse. Just , let’s forget about it . My suggestion ; since you can’t see the upside of markets ( includes gold BTC bonds - all rallying) you should have videos on stocks UNDER the 200 dma . There you will find you bearish field of dreams. The rest of your picks have a very poor record DESPITE the projections always “nailing every move” I didn’t make 2% today that’s for sure Anyone else ? Except XXSpower ?

I believe he is saying all upper projections have been met. The 12/13 is giving one on a closing but not on intraday yet. But if we even go sideways today it should be given.

In defense of Peter he did give us the 7/8 projections the night before and if you would have bought the open yesterday you would have been close to making a lot of the 2%.

Let's face it this is an extreme market and everybody is getting torn up.

You should really just go long and quit complaining about the bearish calls if you want to make money when the market goes up. We should have a good target today in the 12/13 to look for if it hits today

i tend to want to be long, its just incongruent in my brain when most of what i see on video updates is SELL, GOING LOWER, "targets are way way down". my brain doesnt flip that fast to " oh i will buy everything even though there are 34 reasons NOT to"! and i do think peter should follow up on his prognostications: all disaster in makings when they DO NOT come even close to fruition( VIX < HUSSMAN< DJIA -85% correct calls,BTC 8000 GOLD way lower)

fast3777
fast3777

It is pretty common for retracements to stop at a 66 or 5/8 retracements. A little quiz what helped Paul Tudor Jones and Marty Zweig spot a crash coming in 1987? The same thing happened in 1929.

alangr2269
alangr2269

This has been the most disappointing service. I thought the projection would be a nice adjunct to spectral analysis. Even if the market goes down (in the near future) does not mean Eliades is right. The probability of market reversal is inevitable. Using S/R lines are not reliable, Markets can be over valued for a long time (ask Peter Lynch). One day no more upside projections, then oh they magically appear. Everyone knows the market can go up or down, but I was hoping projections would give situations where the probability would increase. First it was resistant lines, then it was Vix, now it is ratio, all failures. Previous ideas are not even talked about. I am so frustrated with this service. Very close to stopping

fast3777
fast3777

Supercycle tops, having lived through the topping process for the last 2 years and multiple tops. So many you can't make any rhyme or reason. Even today multiple stocks are making ATH's ie NVDA and MA

srblack1960144
srblack1960144

Barring a collapse this afternoon, the SPX median price daily chart projection to 4593 will be confirmed today. I'm not sure why anyone would use Peter's video-only service. Get the software people and stop complaining! It's fantastic, and in combination with other techniques it's a money printing machine. Edit...the statistics on this projection, going back 4 years, are 83%, 25 of the last 30 upside projection have been met on the 12.1/13.8 offsets, daily median chart.

Last updated

XXSPOWER127
XXSPOWER127

OOOOOOOOOOOOH yeah look at them GREEN 12.1

WHERE IS THAT YOU TUBE GUY WITH THE MONKEYS @ericoh792283 hahahaa he is in his moms basement

NINA FROM PASADENA TOLD YOU 4523 DAYS AGO

WHAT WE GOT LEFT ?

WOW

/NQ 12.1 LETS HEAR IT

/ES 12.1 WOW ES LETS HEAR IT PETER GIVE IT

/RTY 96 WOW LETS HEAR IT

/YM // DIA WOW

VXX LOWER !!!!!!!!!!!!!

XXSPOWER127
XXSPOWER127

srblack1960144 said:

Barring a collapse this afternoon, the SPX median price daily chart projection to 4593 will be confirmed today. I'm not sure why anyone would use Peter's video-only service. Get the software people and stop complaining! It's fantastic, and in combination with other techniques it's a money printing machine. Edit...the statistics on this projection, going back 4 years, are 83%, 25 of the last 30 upside projection have been met on the 12.1/13.8 offsets, daily median chart.

CHECK OUT /ES AND /NQ back to 16000

WHERE IS FAST ??????

XXSPOWER127
XXSPOWER127

/NQ WEEKLY DOWNSIDE(s) WILL BE INVALIDATED waaaa waaahhhhh

5.5 and 10

poor bears are weak and need sleep and honey

WE COULD HAVE A SIGNIFICANT ... SIGNIFICANT RALLY HERE AND HAVE SIGNIFICANT CAPITULATION

DRINK UP

SIGNIFICANT

XXSPOWER127
XXSPOWER127

the issue is PETER does not check /NQ COMPARED TO $NDX.X
I DO /NQ HIT the 24 $NDX.X BASICALLY DID but he calls it NO why ? who knows?

its a goner for sure

XXSPOWER127
XXSPOWER127

13/30 gonna cross above the 50dema heheheee nice little cup of tea with handle

OMG !! MASTERCARD IS AT A HIGH !!!!!! RUN !!!!!!!

arcon00224
arcon00224

Now, pull up your charts folks. Choose your poison, whichever index you choose. I personally am looking at the Nasdaq Comp here.

April 3rd 2022 to Now, Aug 30 2023. Look at the closing high then. Zoom out. Make it a daily bar chart. Markets were higher then than they are now.

Now, link is posted below, but here's some snippets from the comments section on that day. A pic is worth a thousand words so make sure you reference the daily bar charts between then and now. He was probably loaded up with call options that all expired worthless long ago.

He was really working his baboon call muscles that day. Check out his comments on the update, link posted below. He was manic that day and posted an oddly high number of comments in one evening. https://www.youtube.com/watch?v=orHpQPZiIlc

XXsmallPenis Power On SMC Update Week Ending 4-1-22 Recorded 4-3-22:

" @@@ LOOK AT NASDAQ on the projections either QQQ OR /NQ weekly 5/5.01 381 ON THE QQQ 10/10.2 411 !!! ON THE QQQ WITH A 80% +++ HIT RATIO , 90% IF YOU GO TO 70% ATR !!!! BUT !!!! DONT LISTEN TO PETER E'S PROJECTIONS THAT HE MADE !!! UNREAL !!!!! 15760 //NQ 7/OUTTA 10 LMAO !!! ITS LIKE THIS GUY WHO MADE THE SOFTWARE DOES NOT BELIEVE HIS OWN STUFF THAT IS LIKE .. LETS SEE UMMMMMMMM THAT IS LIKE A GREEK ORTHODOX PASTOR SAYING DON'T BELIEVE IN THE CHURCH .. "

" @ES continuum on the 3/5 day is 4600 @ES 24.2 DAILY .. YOU SEE IT check it . @ES 24.2 60mm HAS AN UPSIDE PROJECTION TO 4592-4604 You do the math @NQ 24.2 60mm UPSIDE // QQQ TO 379 !!!! BUT WE ARE AT A VERY IMPORTANT TIME IN THE MARKET YOU KNOW WHY ????????? APRIL IS ALWAYS BULLISH "

" QQQ NOW thousands +++ points blasted out from the low ... but we are still at an important point right? MARTY ZWEIG ANYONE?? Crickets ... "

Reference Link, Folks: https://www.stockmarketcycles.com/services/daily-video-commentary/v/smc-update-week-ending-4-1-22-recorded-4-3-22#comments

XXsmallPenisWithnoPOWER: A challenge for you. Post a few simple trades and lets see how you do. Something simple like " shorting YM futures here with a stop loss at xx" and lets see if you actually have had any winning trades. Because, I did a quick search in the past comments sections and you've actually been quite wrong, quite often.

Folks, he appeared to have gone bipolar manic that day based on all his comments and loaded up with call options the next day, leveraged his government cheese blocks and van down by the river and God knows what other possessions he has, in an All-In-Long-Call position right at the high. No wonder he's disgruntled in these comment sections day after day, week after week, month after month, complaining and bitching nonstop with vague references to higher numbers that anybody with the web software or TradeStation Platform could figure out for themselves with a few clicks.

https://youtu.be/Xv2VIEY9-A8?si=VjS-wCKHSugKkz6r

Last updated

XXSPOWER127
XXSPOWER127

arcon00224 said:

Now, pull up your charts folks. Choose your poison, whichever index you choose. I personally am looking at the Nasdaq Comp here.

April 3rd 2022 to Now, Aug 30 2023. Look at the closing high then. Zoom out. Make it a daily bar chart. Markets were higher then than they are now.

Now, link is posted below, but here's some snippets from the comments section on that day. A pic is worth a thousand words so make sure you reference the daily bar charts between then and now. He was probably loaded up with call options that all expired worthless long ago.

He was really working his baboon call muscles that day. Check out his comments on the update, link posted below. He was manic that day and posted an oddly high number of comments in one evening. https://www.youtube.com/watch?v=orHpQPZiIlc

XXsmallPenis Power On SMC Update Week Ending 4-1-22 Recorded 4-3-22:

" @@@ LOOK AT NASDAQ on the projections either QQQ OR /NQ weekly 5/5.01 381 ON THE QQQ 10/10.2 411 !!! ON THE QQQ WITH A 80% +++ HIT RATIO , 90% IF YOU GO TO 70% ATR !!!! BUT !!!! DONT LISTEN TO PETER E'S PROJECTIONS THAT HE MADE !!! UNREAL !!!!! 15760 //NQ 7/OUTTA 10 LMAO !!! ITS LIKE THIS GUY WHO MADE THE SOFTWARE DOES NOT BELIEVE HIS OWN STUFF THAT IS LIKE .. LETS SEE UMMMMMMMM THAT IS LIKE A GREEK ORTHODOX PASTOR SAYING DON'T BELIEVE IN THE CHURCH .. "

" @ES continuum on the 3/5 day is 4600 @ES 24.2 DAILY .. YOU SEE IT check it . @ES 24.2 60mm HAS AN UPSIDE PROJECTION TO 4592-4604 You do the math @NQ 24.2 60mm UPSIDE // QQQ TO 379 !!!! BUT WE ARE AT A VERY IMPORTANT TIME IN THE MARKET YOU KNOW WHY ????????? APRIL IS ALWAYS BULLISH "

" QQQ NOW thousands +++ points blasted out from the low ... but we are still at an important point right? MARTY ZWEIG ANYONE?? Crickets ... "

Reference Link, Folks: https://www.stockmarketcycles.com/services/daily-video-commentary/v/smc-update-week-ending-4-1-22-recorded-4-3-22#comments

XXsmallPenisWithnoPOWER: A challenge for you. Post a few simple trades and lets see how you do. Something simple like " shorting YM futures here with a stop loss at xx" and lets see if you actually have had any winning trades. Because, I did a quick search in the past comments sections and you've actually been quite wrong, quite often.

Folks, he appeared to have gone bipolar manic that day based on all his comments and loaded up with call options the next day, leveraged his government cheese blocks and van down by the river and God knows what other possessions he has, in an All-In-Long-Call position right at the high. No wonder he's disgruntled in these comment sections day after day, week after week, month after month, complaining and bitching nonstop with vague references to higher numbers that anybody with the web software or TradeStation Platform could figure out for themselves with a few clicks.

https://youtu.be/Xv2VIEY9-A8?si=VjS-wCKHSugKkz6r

hahahah !!!!!!!!!

SMALLHANDS

thats funny

You sheep are silly rabbits

I have stated and said waaaaayyy more things RIGHT then most on here calling for CRASHES and death spirals and immediate declines and all this and that for OVER 2 YEARS!! I HAVE not seen you post 1 thing of interest
I have helped U sheep I told u whats up no pun intended I said no no no no no ... oh no oh no ho no no no no crashy .. only green hulk YUGE green bars BUT then you say I live in a van HAHAHA funny Lets just say I dont own a Prius like you DEMORAT

ericoh792283
ericoh792283

Xxspower, you were right all along, Peter and his bear lovers just kept pushing bearish crash narrative the whole time! Ignore these idiots, they are probably super mad that they lost they arm and leg shorting the market from October lows. I on the other hand quickly pivoted from bearish narrative away from Peter and bears crash and burn narrative.

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