SMC Update Week Ending 10-28-22 Recorded 10-29-22

10/29/2022


Comments (23)

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glennopps200
glennopps200

Thanks Peter for all your tireless work. You've made these difficult calls before when all were against you... and you were proved to be right. I think that will happen here again. Every newsletter writer I read is bullish (except you); I think that is bearish indicator.

DAV15J
DAV15J

So much for idiot Aaron Brickman, who was lauded and applauded by Peter, and the pathetic astrology. Peter was hugely bearish with no thought of any bullishness. It was a one way bet.
And indices are up 10%+. The market rose 5% and he just says it can go higher. Captain Obvious. He got it wrong. That is clear to me. Many of us got out of the market lower down because we trusted the software and the man. Now we have the inevitable “should we go back in or stay out”. In this business you can’t be unequivocal. After decades surely this is 101.

So every day it seems is a hugely important juncture. Monday will be useful, no doubt. The problem is close higher and we could be looking at 4100. It was 3450…

dinaxulu3391
dinaxulu3391

Very helpful analysis, thank you. I am still leaning towards next week being quite bullish, especially with how Friday didn't see any maintained selling of shares like it should have one a friday at such a critical point. I think most people are bullish before the midterms and cpi because it'll surely dump on the 9th and 10th

dinaxulu3391
dinaxulu3391

Very helpful analysis, thank you. I am still leaning towards next week being quite bullish, especially with how Friday didn't see any maintained selling of shares like it should have on a friday at such a critical point. I think most people are bullish before the midterms and cpi because it'll surely dump on the 9th and 10th

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Yadunath
Yadunath

Hi Peter - that was an interesting update. I appreciate you providing cross-reference to other technical indicators and studies like the one you mentioned early on today and the T-Line you'd mentioned few days earlier. At least I find those very interesting and giving a new perspective to those of us technically minded. Thanks...

eechentra2018
eechentra2018

DAV15J said:

So much for idiot Aaron Brickman, who was lauded and applauded by Peter, and the pathetic astrology. Peter was hugely bearish with no thought of any bullishness. It was a one way bet.
And indices are up 10%+. The market rose 5% and he just says it can go higher. Captain Obvious. He got it wrong. That is clear to me. Many of us got out of the market lower down because we trusted the software and the man. Now we have the inevitable “should we go back in or stay out”. In this business you can’t be unequivocal. After decades surely this is 101.

So every day it seems is a hugely important juncture. Monday will be useful, no doubt. The problem is close higher and we could be looking at 4100. It was 3450…

This market is manipulated. Fed, Treasury, Big Banks. How can best practices work in these conditions? Your frustration is shared, we who don't move the markets are at the mercy of those who do things behind the veil and cause unexpected behavior like we've been witnessing.

eechentra2018
eechentra2018

Head and Shoulders: Isn't Peter's definition a bit loose? Maybe my understanding needs an upgrade?

flippendales3072
flippendales3072

I am confused now Peter. The Web App confirmed projection 7/8 offset for the ES 3935 to 3972 for at least a week now.

Furthermore the 24.2/27.6 also shows a preliminary one of 4126.

seamus.ssoh3308
seamus.ssoh3308

flippendales3072 said:

I am confused now Peter. The Web App confirmed projection 7/8 offset for the ES 3935 to 3972 for at least a week now.

Furthermore the 24.2/27.6 also shows a preliminary one of 4126.

Indeed. I'm thinking NDX up to 12,000 first then if there is any more growth we can hit 12,600 at most in my opinion.

I just checked the NDX chart and there's projections in that direction too, so indeed we have to look at those considering we have crossed offsets here.

Keep in mind we will get daily updates so, on Monday Peter will likely discuss these.

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ryguy
ryguy

Thank you, Peter. Seriously, no need to apologize for the long updates because you teach us how to fish with the software. I wish they were longer covering more assets. Thank you for touching on Bitcoin. I love you to look at the big tech giants next week.

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brian1469
brian1469

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Last updated

MarketTiming01
MarketTiming01

I also saw a newer NDX higher projection, Daily 12.1/13.5 ....... up in the 12600-12400 range ..... quit a bit higher ..... only time will tell. Good luck to all.

m1.c70
m1.c70

Thanks Peter. A bear market fit for Halloween....trick or treat? I have asked before and will request again a look at that Uranium market either Cameco (largest cap miner in Canada) or the physical uranium trust Sprott Physical Uranium Trust Fund (U-UN.TO). The miners performance is very tied to what happens with the price of U with long term contracting just starting.

jshemanski49196
jshemanski49196

Peter, many of us are confused by the continuing bearish prognosis when your own Web App shows higher prices for the NDX, SPY & IWM on several offsets, including the 24.2/27.6 . It seems to me that the 48.4/55.3 downside projections that have been the cornerstone for the bearish case could also be invalidated if these higher projections are met. Could you please address this??

Last updated

whisper2000
whisper2000

DAV15J said:

So much for idiot Aaron Brickman, who was lauded and applauded by Peter, and the pathetic astrology. Peter was hugely bearish with no thought of any bullishness. It was a one way bet.
And indices are up 10%+. The market rose 5% and he just says it can go higher. Captain Obvious. He got it wrong. That is clear to me. Many of us got out of the market lower down because we trusted the software and the man. Now we have the inevitable “should we go back in or stay out”. In this business you can’t be unequivocal. After decades surely this is 101.

So every day it seems is a hugely important juncture. Monday will be useful, no doubt. The problem is close higher and we could be looking at 4100. It was 3450…

Aaron is just an novice who pulls others works and displays. He does not have anything of his own. He gave couple of armageddon Interviews and his twitter following went from 130 to 7000+ in one month. I agree lot of us fell into his trap.

dinaxulu3391
dinaxulu3391

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Nato bombing Russia? Say that again?

Tima
Tima

dinaxulu3391 said:

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Nato bombing Russia? Say that again?

dinaxulu3391 said:

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Nato bombing Russia? Say that again?

You can say the opposite? NATO and the US are the main problem of the World, creating wars and killing people! US killed over 20mil people after WW2, how many did Russia killed? Russia always play the defensive game when the US and Nato are those who are on the offensive side. Wake the fck up

dinaxulu3391
dinaxulu3391

Tima said:

dinaxulu3391 said:

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Nato bombing Russia? Say that again?

dinaxulu3391 said:

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Nato bombing Russia? Say that again?

You can say the opposite? NATO and the US are the main problem of the World, creating wars and killing people! US killed over 20mil people after WW2, how many did Russia killed? Russia always play the defensive game when the US and Nato are those who are on the offensive side. Wake the fck up

Being that rude I imagine you'll get yourself banned immediately.

dinaxulu3391
dinaxulu3391

Tima said:

dinaxulu3391 said:

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Nato bombing Russia? Say that again?

dinaxulu3391 said:

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Nato bombing Russia? Say that again?

You can say the opposite? NATO and the US are the main problem of the World, creating wars and killing people! US killed over 20mil people after WW2, how many did Russia killed? Russia always play the defensive game when the US and Nato are those who are on the offensive side. Wake the fck up

Being that rude I imagine you'll get yourself banned immediately.

dinaxulu3391
dinaxulu3391

Tima said:

dinaxulu3391 said:

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Nato bombing Russia? Say that again?

dinaxulu3391 said:

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

brian1469 said:

The news fits we fall from this week coming up. GS and Nick the Fed Whisperer changing their tune on the pivot.

This rally was orchestrated by Nick, FED, and White House to get a rally into midterms.

War getting worse with Nato causing a food crisis by bombing Russian ships should make commodities jump which will be bearish on the market.

We probably go up down into FED day but everything is setting up for continuation of bear market by the end of this week

Nato bombing Russia? Say that again?

You can say the opposite? NATO and the US are the main problem of the World, creating wars and killing people! US killed over 20mil people after WW2, how many did Russia killed? Russia always play the defensive game when the US and Nato are those who are on the offensive side. Wake the fck up

Being that rude I imagine you'll get yourself banned immediately.

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