SMC Update Week ending 3-31-23 Recorded 4-1-23

04/01/2023


Comments (13)
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danizh53
danizh53

StevenTexas said:

52 minutes will enjoy thanks Peter!

I hope you're joking. Even at 2x speed, I am paying to basically waste time when a textual summary could be provided for those who just need an overall outlook. I am cancelling.

dcarter8883312
dcarter8883312

Bye danizh53 I Love long Updates Thanks Peter

treyrhodes51591
treyrhodes51591

I agree…love the long update with all the information…Thank you Peter

daniel039209
daniel039209

Is it really a bearish update? As in resistance at 4135, 4167, 4204,4275,4328,4400, with trend lines drawn and trading days counted? I find watching the updates prior to market opening, definitely influences my positioning. Versus; Actually WATCHING THE TAPE. When NDX a is up 20% in a quarter( again, in old days , that was a heck of a year). We are above 200 dma way more than anytime in the Bear markets Peter refers to( I have held this is NOT those ; a tech bubble nor Financial crisis. Down 20-30% is a severe market downturn but not a knockout blow)So if you eve been short & negative for 20% move , it becomes either ; digging heels in even more or you just put a stop in.

Hussman( bear since |2013/14) has a new”dire predictions “ for SPX & NDX. Wonder how Peter combines Hussman with his own beliefs ? I like long updates, I like that Friday was one of first days Peter pointed to upside potential. There has to be tactical decisions in market not just “ we are about to fail/fall & if we break SPX 3750- it will be bad. “ only to lose for 3 solid months- almost impossible to come back from strategy like that in my opin

thomblas2051
thomblas2051

Ndx 20% up this quarter, Apple confirmed new all time highs, Peter BEAARISHHH from the October lows until now…🤪🤪🤪

Guido van Schagen
Guido van Schagen

Thank's again for the update Peter. Safe travels to you and enjoy your time in Arizona. I'm a subscriber already for 3 years now and I have never regretted it for one day. Yes you are bearish to the bone, and since October prematurely, but you are with a reason. Thank's again.

helene3835
helene3835

Note that SPX 4150 =50% Fib retrace of decline from Jan 2022 peak. 61.2% retrace takes it to the lower edge of the 48/4 price zone.

arcon00224
arcon00224

Thanks Peter, yes agreed here as well with the other positive and appreciative comments in here. I'm a long time subscriber, I subscribed when you switched over from the free YouTube updates to this paid website. And, I appreciate your long in-depth updates. All these complainers lately: I must have missed the part where you were forced to enter a paid subscription contract with a gun to your head.

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daniel039209
daniel039209

So, to be clear: youre saying that SPX 4126 is the lower side of projection, 4150 is that uptrend line that should "stop the advance". No mention of the hi side of projection 4234? And how it is "only 17 points away or only another 1% away". No mention of the 6% MOVE up in front of this. What will you say when we trade SPX 4165? or 4225 ? and its another 1.5%, 2%? It seems like you are absolutely forcing what you want to see happen in the market versus what IS HAPPENING in the market. You dont even show the NDX anymore. Since that bullish engulfing candle ( WEEK ending March 15 ~ 12,520, market has exploded higher) that was ignored, you barely refer to NDX anymore. Why is that? Is something else leading? DJIA? no. I guess, my ultimate question is; how long do you stay with your feet planted? I saw it in 2021 from March until the market did top in Jan 2022. It wasnt a down period , to say the least

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dcarter8883312
dcarter8883312

SPX IF 4168.28 Target is Met & SPX doesn’t reverse within 3 trading days look for 4224.28 as long as (ALA) 3979.20 isn’t touched.

dcarter8883312
dcarter8883312

SPX IF 4168.28 Target is Met & SPX doesn’t reverse within 3 trading days look for 4224.28 as long as (ALA) 3979.20 isn’t touched.

dcarter8883312
dcarter8883312

AAPL 🍎 IF 167 Target Met & doesn’t reverse within 3 trading days Look for 170.78. IF 170.78 Met & doesn’t reverse within 3 trading days look for “stretch” target 178.62.

My profile flipped so looking for potential rally into 4/10-4/12. Watch 4/5 for escalation of trend or reversal. ~Dorothy

dmarrazzo3334
dmarrazzo3334

danizh53 said:

StevenTexas said:

52 minutes will enjoy thanks Peter!

I hope you're joking. Even at 2x speed, I am paying to basically waste time when a textual summary could be provided for those who just need an overall outlook. I am cancelling.

I love the longer updates. Thank you Peter and bye bye danizh53.

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