SMC Update 9-28-23

09/28/2023


Comments (9)
We welcome all comments related to market timing. We do not welcome political and insulting comments, however, and comments of a political nature belong elsewhere and could lead to removal and blocking the originator of such political comments.

You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members

brian1469
brian1469

Thanks Peter! Could we see a Harvest Moon Panic to finally capitulate this down move.

They have lulled everybody into thinking it is over the last couple days I could see people not expecting it here

David.R
David.R

" Hello Peter, as I've been closely monitoring the web software, it appears that all the anticipated downside projections have materialized. This trend is evident across various time frames and indices, including TLT. The last time we experienced a similar scenario was last October, and it resulted in a significant and sustained upward movement that continued until around February. However, I'd like to hear more about the downside projections you mentioned. The web version isn't reflecting them, so could you please review them again this weekend?

brian1469
brian1469

David.R said:

" Hello Peter, as I've been closely monitoring the web software, it appears that all the anticipated downside projections have materialized. This trend is evident across various time frames and indices, including TLT. The last time we experienced a similar scenario was last October, and it resulted in a significant and sustained upward movement that continued until around February. However, I'd like to hear more about the downside projections you mentioned. The web version isn't reflecting them, so could you please review them again this weekend?

I believe Peter is counting on a bounce here to get loop projections up and then come back down for further downside.

On the SPY and QQQ 100/110 weekly we should get a decent downside target after tomorrow

It is a good spot to take a long and see were it ends up as there is not much downside left on the projections. Not much for upside yet except very short term but that can change if upside projections are triggered

jshemanski49196
jshemanski49196

Could anyone provide the statistics on the 4 year downside projections that Peter was discussing a few nights ago on the Russell (IWM), please? I do not have the software, thanks.

pknizhnik215
pknizhnik215

Hi Peter, like other I stopped receiving email notifications from your service. Could you possibly fix the glitch.

brian1469
brian1469

jshemanski49196 said:

Could anyone provide the statistics on the 4 year downside projections that Peter was discussing a few nights ago on the Russell (IWM), please? I do not have the software, thanks.

Peter I just got the software and I have been meaning to ask how do you pull up the statistics. If you can pull them up this weekend in your update so I can watch you do it that would be great.

brian1469
brian1469

I shorted RTY again this morning at 1823 as it had hit all top ranges of 65 minute projections and hit it's daily's 1.75/2 and 3/5.

Still have my hedge on for my SPX Put spreads from earlier this week. Will probably leave that on through the weekend

JohnCrash54549
JohnCrash54549

Need to have a look again with NDX/Dow ratio charts. Dow is weak means ratio is going up. Need to look at YM, NQ and spx on 60 min charts

mikepowell.vietnam107
mikepowell.vietnam107

Thanks Peter. After the close on Friday the QQQ daily median price chart is showing a confirmed upside projection to just above the gap fill area.

1-9 of 9