SMC Update Week Ending 11-17-23 Recorded 11-19-23

11/19/2023


Comments (14)
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johngreen01554628
johngreen01554628

Look at GLD, How many missed projection were there, Secondary stocks don't lead anything. Main one are NDX, SPX and DOW. If Oil is going to go up then it's not bearish. NDX, SPX needs downside projection with 30-65 min. Otherwise no Bearmarket. Look again so many failed projection on charts you are showing. Bearish projection is one you like to go with, The Bullish one is ignored.

Have a look at CRB index. It's not looking good

XXSPOWER127
XXSPOWER127

@@@ Signs I have seen in the past lead to HIGHER prices

check out

Eliades' Cycle Price Projections Web App

check the VIX.X

48

SEE THE " UPSIDE" ? its lower ..

SEE the downside - 20% lower

oh and 1 more (*) I have not watched the video yet = not sure if he said anything about the 48 /ES

4900 !!!

THAT IS NOT B E A R

that would be NEW A T H

daniel039209
daniel039209

Can you explain that your bearish IWM projections at$164 are the same as the one at $178? Should we always expect a counter trend move when projections are confirmed? That was the trap last Oct/Dec- bearish trap. And got bullish trap when TSLA was high 280's- you had massive upside 325/265/675 targets? Should we always fade initial confirmed projection? I think we are at juncture in market similar to 2000 when the NDX underperforms the Russell. check that overlay over the decades.

Last updated

johngreen01554628
johngreen01554628

kwmurphy2939 said:

Seriously Peter? You can well cound the Russell IWM as a 5 wave drop from the August high to the October low. But the problem is you didn't seem to notice that the Russell and IWM went to a new low BELOW all of the lows of the past several months. That could easily and most logically be seen as a 5 wave "C" wave to complete the decline from the highs in 2021. Had the 5 wave drop NOT gone to new lows, the it could easily be interpreted negatively, but the fact that we did go to new lows means the entire decline could be over. Now, you may be fortunate becuase the rally off the low (from new lows) does not appear to be bullish or implusive, which does imply that we are going to new lows, meaning the Russell is a weak index, and the 5 wave drop is likely the first drop of a larger decline. But you're right, you really shouldn't be doing this. This is basic stuff you're getting wrong.

Most here are not for Ewave. Price projection. Short term is the way to go. Most likely loop projection on 15- 30-65 Min chart have more chance in picking the top. Without the top there isn't much point in looking at secondary indexes

Need to look at FAANG index. MSFT, Nvidia

Look where BTC is even with huge downside projection. Anyone shorting it will have been dead broke by now. Same goes for NDX. Tons of Money subscribers could have made.

Last updated

daniel039209
daniel039209

kwmurphy2939 said:

Seriously Peter? You can well cound the Russell IWM as a 5 wave drop from the August high to the October low. But the problem is you didn't seem to notice that the Russell and IWM went to a new low BELOW all of the lows of the past several months. That could easily and most logically be seen as a 5 wave "C" wave to complete the decline from the highs in 2021. Had the 5 wave drop NOT gone to new lows, the it could easily be interpreted negatively, but the fact that we did go to new lows means the entire decline could be over.

KWMurphy- i had same sense that it is possible the BEAR mkt in IWM already was. Not just beginning or continuing as Peter suggested Oct 26/27. He made a point to call it out somehow comparing it to GFC 2008-2009 huge SPX collapse. . I guess we will see.

daniel039209
daniel039209

johngreen01554628 said:

kwmurphy2939 said:

Seriously Peter? You can well cound the Russell IWM as a 5 wave drop from the August high to the October low. But the problem is you didn't seem to notice that the Russell and IWM went to a new low BELOW all of the lows of the past several months. That could easily and most logically be seen as a 5 wave "C" wave to complete the decline from the highs in 2021. Had the 5 wave drop NOT gone to new lows, the it could easily be interpreted negatively, but the fact that we did go to new lows means the entire decline could be over. Now, you may be fortunate becuase the rally off the low (from new lows) does not appear to be bullish or implusive, which does imply that we are going to new lows, meaning the Russell is a weak index, and the 5 wave drop is likely the first drop of a larger decline. But you're right, you really shouldn't be doing this. This is basic stuff you're getting wrong.

Most here are not for Ewave. Price projection. Short term is the way to go. Most likely loop projection on 15- 30-65 Min chart have more chance in picking the top. Without the top there isn't much point in looking at secondary indexes

Need to look at FAANG index. MSFT, Nvidia

Look where BTC is even with huge downside projection. Anyone shorting it will have been dead broke by now. Same goes for NDX. Tons of Money subscribers could have made.

hard truth. think how much individual stocks are up this year, forget the QQQ SPY BTC moves. Jim Chanos- biggest short seller on street hanging it up. I remember when there was that technical analysts get together in NYC in ? April? and Larry Williams asked Peter " when are you going to STOP BEING SO BEARISH" answer i guess is , not yet! can use SMC tactically.

XXSPOWER127
XXSPOWER127

PETER

A) don't follow your own projections that show much higher weekly projections for /NQ /ES /YM /RTY ALL INDICIES !!

B) your EW synopsis is lacking - if people want EW analysis go to Twitter look up panda poo poo and follow his EW analysis at least his right 50% of the time

C) at the end of this month the monthly NASDAQ will have a new monthly higher projection. Why don't you tell your listeners about that? It's very big YUGE 18000 +++

D) /ES 4900 weekly

NEWS DOESNT MOVE MARKETS RIGHT? Let's see What happens at 1pm with the bond market and subsequent news about it.

ericoh792283
ericoh792283

Can’t believe I’m still paying for this…lol

johngreen01554628
johngreen01554628

ericoh792283 said:

Can’t believe I’m still paying for this…lol

. showing 2 years projection on secondary market, which was a give away that market was going to go up, No bearish short term projection

Should do 30min NDX and 65 min. Which is more accurate. Without the selloff, there won't be any new bearish projection.

XXSPOWER127
XXSPOWER127

What's another 2-300 points amongst friends?

I KNOW

THE RATIO !!!

/NQ/Ym

U know how I knew it was flawed??

I told you in the VERY BEGINNING

DO XLK/NQ but u don't read or respond

Sad TSK TSK TSk ...

XXSPOWER127
XXSPOWER127

@@@@@ ATTENTION NON TRADE STATION USERS

Preliminary /NQ IS NOW 19716.00 ON THE WEEKLY

YES... THATS RIGHT

/ES PRELIMINARY IS 4900 ++++

THE 20 WEEK IS CROSSING THIS WEEK

WOW THE MONTHLY /ES WILL BE NEAR 5000 !!!!

CHECK IT !!

XXSPOWER127
XXSPOWER127

ANOTHER way you can DO YOUR DUE DILIGENCE and see we are going higher

a) SH HAS LOWER PROJECTIONS B) VXX HAS LOWER C) UVXY HAS LOWER D) RTY HAS HIGHER E) IWM HIGHER F) DIA HIGHER G) SVXY HIGHER H) TLT HIGHER

WHAT ELSE DO YOU NEED ???????

daniel039209
daniel039209

XXSPOWER127 said:

ANOTHER way you can DO YOUR DUE DILIGENCE and see we are going higher

a) SH HAS LOWER PROJECTIONS B) VXX HAS LOWER C) UVXY HAS LOWER D) RTY HAS HIGHER E) IWM HIGHER F) DIA HIGHER G) SVXY HIGHER H) TLT HIGHER

WHAT ELSE DO YOU NEED ???????

i was under impression, the market doesnt go higher with the ratio at .45 we are only up 11%!!? Its one of the biggest rallies in years. The next 2 days are going to be more important than any of the other "next 2 days" counting the last 380 days. I think peter will either turn bullish ( ie, "there must be something else going on") or he will retire within 3 months if NDX is 19000. Its actually astounding to watch.

XXSPOWER127
XXSPOWER127

daniel039209 said:

XXSPOWER127 said:

ANOTHER way you can DO YOUR DUE DILIGENCE and see we are going higher

a) SH HAS LOWER PROJECTIONS B) VXX HAS LOWER C) UVXY HAS LOWER D) RTY HAS HIGHER E) IWM HIGHER F) DIA HIGHER G) SVXY HIGHER H) TLT HIGHER

WHAT ELSE DO YOU NEED ???????

i was under impression, the market doesnt go higher with the ratio at .45 we are only up 11%!!? Its one of the biggest rallies in years. The next 2 days are going to be more important than any of the other "next 2 days" counting the last 380 days. I think peter will either turn bullish ( ie, "there must be something else going on") or he will retire within 3 months if NDX is 19000. Its actually astounding to watch.

Lol there is always the 45 trading days, the Puetz crash window, the moons , the eclipses and news does not move mkts. ( tomorrow fed min let's see )

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