SMC Update Week Ending 11-11-22 Recorded 11-12-22

Sun, 11/13/2022 Sunday, 11/13/2022 1:30 AM PST


Comments (29)
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m1.c70
m1.c70

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

seamus.ssoh3308
seamus.ssoh3308

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

You've been falsely informed about Hunan, take it from me I know people there and nothing abnormal is happening.

m1.c70
m1.c70

seamus.ssoh3308 said:

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

You've been falsely informed about Hunan, take it from me I know people there and nothing abnormal is happening.

Ok, (I don't have any direct contact with people there, however the measures being taken in various parts of China are reminiscent of Mao' actions) but I was making the point there are plenty of other events going on around the world not the least Russia, Iran, riots and protests in many countries not being widely reported.

thomblas2051
thomblas2051

These 100 week/4 years offset you review frequently, also daily are great but more emphasize should be focused on short term projections. No ones account will survive when these are finally reached if you continue to on like you did in the last four weeks.

DAV15J
DAV15J

MarketTiming01 said:

timsc4301671 said:

With the projections for the $ on the downside the S&P 500 could rally until early March.

timsc4301671 said:

With the projections for the $ on the downside the S&P 500 could rally until early March.

Fair point, I was thinking the same. But Peter also showed Bonds could go further down, which means higher interest rates, and markets (especially NDX) does not like higher rates. Its a whipsaw market for sure, tricking both Bulls and Bears. Safe trading to all. Thanks Peter for your work. You provide a lot of information and that is appreciated.

But there are few short term Bond projections, before the projected crash. $80 TLT suggests 5% TNX. If 43% recently isn’t the high then expect 5. I’d be v interested in what happens shorter term, given $90 projection reached.

ChuckG
ChuckG

Peter, I wonder if the 48.4 downside on the S&P daily has been met on a log basis. Also, please look at the recently confirmed upside projection 48.4 on @ym, daily chart

seamus.ssoh3308
seamus.ssoh3308

defwin33481 said:

m1.c70 said:

seamus.ssoh3308 said:

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

You've been falsely informed about Hunan, take it from me I know people there and nothing abnormal is happening.

Ok, (I don't have any direct contact with people there, however the measures being taken in various parts of China are reminiscent of Mao' actions) but I was making the point there are plenty of other events going on around the world not the least Russia, Iran, riots and protests in many countries not being widely reported.

China opening up drove price up. If the News is right then gap down will happen. Does the market go down and make new low or just another round trip. So far there has been 3 round trips since low with slightly higher high. 3800 need to be taken out>MarketTiming01 said:

timsc4301671 said:

With the projections for the $ on the downside the S&P 500 could rally until early March.

timsc4301671 said:

With the projections for the $ on the downside the S&P 500 could rally until early March.

Fair point, I was thinking the same. But Peter also showed Bonds could go further down, which means higher interest rates, and markets (especially NDX) does not like higher rates. Its a whipsaw market for sure, tricking both Bulls and Bears. Safe trading to all. Thanks Peter for your work. You provide a lot of information and that is appreciated.

Those projection will be come in, meanwhile your accounts may be Negative. Which is more important? Short term or long term we know that Bearmarket has a long way to go. Those rally's will kill you first

VIX can still touch 22 before we start going down again, whatever happens on monday I am still bullish for another few days until I see something convincingly bearish (just a few down days aren't necessarily enough)

spencerdavis2000
spencerdavis2000

hey Peter thanks for the update. If we do hit the upside projections at what point would it invalidate the ES downside projection from around 3219 to 3479 ? I think this one was hard to invalidate as it allowed a huge retracement. But the continuum is moving lower by Nov 30. At some point it could get invalidated. I am estimating that if we trade greater than 4100 on ES and remain high beyond Nov 30 then this one will get invalidated. However, if we hit 4100 satisfying the 7/8 but invalidating the controversial one but as you said the latter one could have happened around 4100 depending on the cross. We will see what happens. I am not sure if the FTX thing could carry over to all crypto triggering BTCUSD and somehow this could be connected to affecting stock market similar to 2008 banking crises carrying over to the stock market

dumbchristine3486
dumbchristine3486

seamus.ssoh3308 said:

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

You've been falsely informed about Hunan, take it from me I know people there and nothing abnormal is happening.

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

https://twitter.com/WallStreetSilv/status/1591762808315645957

daniel039209
daniel039209

Nothing is the same but there was a very negative, bearish bias from March 2021 as the market climbed almost non stop. i think we are definitely in a bear market, whereas March 2021 we were in a bull market. even so, it is difficult for anyone trading with downside targets and have the SPX rally close to 500 points That is a year maker, stocks have moved 10-20-40%. As an investor, if you miss those,and even are short you have lost significant money and compounding.. lets see when this rally fails how far down we go

daniel039209
daniel039209

4200, say it aint so.. i will be crying.

dcarter8883312
dcarter8883312

Thanks Peter I hope you’ve had a relaxing weekend. Looking Good Gap down on Globex open has bulls on their heals. Bloomberg: Fed Governor Chris Waller said stocks getting ahead of data they won’t make a decision after 1 weaker datapoint. There’s a ways to go before central banks stop raising rates. Dorothy

daniel039209
daniel039209

dcarter8883312 said:

Thanks Peter I hope you’ve had a relaxing weekend. Looking Good Gap down on Globex open has bulls on their heals. Bloomberg: Fed Governor Chris Waller said stocks getting ahead of data they won’t make a decision after 1 weaker datapoint. There’s a ways to go before central banks stop raising rates. Dorothy

Emini's rallied some 230 points from Thursday until Friday. when they are down 13-14 points, i dont think the bulls are on their heels yet. just an observation

wegir532863435
wegir532863435

dumbchristine3486 said:

seamus.ssoh3308 said:

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

You've been falsely informed about Hunan, take it from me I know people there and nothing abnormal is happening.

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

https://twitter.com/WallStreetSilv/status/1591762808315645957

No offence but you have to be stupid to post this. Armed vehicle? Not armed at all. When several people in a neighbourhood record positive, the neighbourhood is on lockdown and workers are paid for their time away from work. This is the case in every city in China, if cases get bad in an area the area is locked down. Not the whole damn country like western countries did.

dcarter8883312
dcarter8883312

daniel039209 said:

dcarter8883312 said:

Thanks Peter I hope you’ve had a relaxing weekend. Looking Good Gap down on Globex open has bulls on their heals. Bloomberg: Fed Governor Chris Waller said stocks getting ahead of data they won’t make a decision after 1 weaker datapoint. There’s a ways to go before central banks stop raising rates. Dorothy

Emini's rallied some 230 points from Thursday until Friday. when they are down 13-14 points, i dont think the bulls are on their heels yet. just an observation

daniel039209 said:

dcarter8883312 said:

Thanks Peter I hope you’ve had a relaxing weekend. Looking Good Gap down on Globex open has bulls on their heals. Bloomberg: Fed Governor Chris Waller said stocks getting ahead of data they won’t make a decision after 1 weaker datapoint. There’s a ways to go before central banks stop raising rates. Dorothy

Emini's rallied some 230 points from Thursday until Friday. when they are down 13-14 points, i dont think the bulls are on their heels yet. just an observation

daniel039209 said:

dcarter8883312 said:

Thanks Peter I hope you’ve had a relaxing weekend. Looking Good Gap down on Globex open has bulls on their heals. Bloomberg: Fed Governor Chris Waller said stocks getting ahead of data they won’t make a decision after 1 weaker datapoint. There’s a ways to go before central banks stop raising rates. Dorothy

Emini's rallied some 230 points from Thursday until Friday. when they are down 13-14 points, i dont think the bulls are on their heels yet. just an observation

daniel039209 said:

dcarter8883312 said:

Thanks Peter I hope you’ve had a relaxing weekend. Looking Good Gap down on Globex open has bulls on their heals. Bloomberg: Fed Governor Chris Waller said stocks getting ahead of data they won’t make a decision after 1 weaker datapoint. There’s a ways to go before central banks stop raising rates. Dorothy

Emini's rallied some 230 points from Thursday until Friday. when they are down 13-14 points, i dont think the bulls are on their heels yet. just an observation

daniel039209 said:

dcarter8883312 said:

Thanks Peter I hope you’ve had a relaxing weekend. Looking Good Gap down on Globex open has bulls on their heals. Bloomberg: Fed Governor Chris Waller said stocks getting ahead of data they won’t make a decision after 1 weaker datapoint. There’s a ways to go before central banks stop raising rates. Dorothy

Emini's rallied some 230 points from Thursday until Friday. when they are down 13-14 points, i dont think the bulls are on their heels yet. just an observation

Daniel, I had a COT date on Friday that has been reliable in the past. So far so good—only time will tell. Gaps are important. IF Not filled still negative. On 60 min chart IF gap is Not filled short term ESZ 3928.75 is possible. Lower targets can be given if met. Good Luck 🍀 in your trading this week. ~Dorothy

dumbchristine3486
dumbchristine3486

wegir532863435 said:

dumbchristine3486 said:

seamus.ssoh3308 said:

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

You've been falsely informed about Hunan, take it from me I know people there and nothing abnormal is happening.

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

https://twitter.com/WallStreetSilv/status/1591762808315645957

No offence but you have to be stupid to post this. Armed vehicle? Not armed at all. When several people in a neighbourhood record positive, the neighbourhood is on lockdown and workers are paid for their time away from work. This is the case in every city in China, if cases get bad in an area the area is locked down. Not the whole damn country like western countries did.

fcuk off dick head .

dumbchristine3486
dumbchristine3486

dumbchristine3486 said:

wegir532863435 said:

dumbchristine3486 said:

seamus.ssoh3308 said:

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

You've been falsely informed about Hunan, take it from me I know people there and nothing abnormal is happening.

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

https://twitter.com/WallStreetSilv/status/1591762808315645957

No offence but you have to be stupid to post this. Armed vehicle? Not armed at all. When several people in a neighbourhood record positive, the neighbourhood is on lockdown and workers are paid for their time away from work. This is the case in every city in China, if cases get bad in an area the area is locked down. Not the whole damn country like western countries did.

fcuk off dick head .

my faimly in china. u know dart farts

seamus.ssoh3308
seamus.ssoh3308

dumbchristine3486 said:

seamus.ssoh3308 said:

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

You've been falsely informed about Hunan, take it from me I know people there and nothing abnormal is happening.

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

https://twitter.com/WallStreetSilv/status/1591762808315645957

You following that twitter account and trusting what it posts...? Honestly speechless. R/Wallstreetbets is a cesspool of gambling addicts and bad investment decisions. You can't even argue that's not the case, it so clearly is the case.

and you, dumbchristine3486, you calling me a 'dickhead' because what? Did you even see the post? Kid says 'crying emoji omg martial law in china!!!1! look at this ARMED VEHICLE PATROLLING THE STREETS' meanwhile it's a police van asking people to stay home due to quarantine. Get a life loser, spreading propaganda like that is pathetic.

Last updated

dumbchristine3486
dumbchristine3486

seamus.ssoh3308 said:

dumbchristine3486 said:

seamus.ssoh3308 said:

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

You've been falsely informed about Hunan, take it from me I know people there and nothing abnormal is happening.

m1.c70 said:

Thanks Peter your work is appreciated in difficult markets. Hard to know where to look right now. How will market react to the huge FTX ponzi scheme folding, and of course the ongoing world events such as Hunnan province in China where marshall law has been declared.

https://twitter.com/WallStreetSilv/status/1591762808315645957

You following that twitter account and trusting what it posts...? Honestly speechless. R/Wallstreetbets is a cesspool of gambling addicts and bad investment decisions. You can't even argue that's not the case, it so clearly is the case.

and you, dumbchristine3486, you calling me a 'dickhead' because what? Did you even see the post? Kid says 'crying emoji omg martial law in china!!!1! look at this ARMED VEHICLE PATROLLING THE STREETS' meanwhile it's a police van asking people to stay home due to quarantine. Get a life loser, spreading propaganda like that is pathetic.

f off arsh hole. low life POS. you nd your buddy go f each other american pigget

dcarter8883312
dcarter8883312

I have no interest being the hall monitor— But let’s stick to market comments— Not name calling & Ad hominem attacks. 🙃🙂📈📉

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