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SMC Update Week Ending 5-19-23 Recorded 5-20-23

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05/20/2023

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dcarter8883312
dcarter8883312

Peter: Thanks For Covering AAPL because SPX won’t peak until AAPL does. I have a stretch Target 178.62 could still be met on debt ceiling News Rally in June. Likely NAZ Won’t Peak until NVDA Does? Please cover NVDA Monday IF all upside projections met including upper projection window price. In extreme blow off need upper price projection as crazy as it looks. ~Dorothy

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dcarter8883312
dcarter8883312

StevenTexas said:

Breadth no longer important. Go all in on AI, FAANG+T and Robotics! LMAO Is there an ETF I can buy on stupidity? Need to go long on that one leveraged.

StevenTexas said:

Breadth no longer important. Go all in on AI, FAANG+T and Robotics! LMAO Is there an ETF I can buy on stupidity? Need to go long on that one leveraged.

StevenTexas So True. Most Hedge funds aren’t long It’s individual investors & PMs long. ~Dorothy

brian1469
brian1469

My comments from a couple days ago still feel the same

I personally think we are not paying attention to the projections enough.

If we can get to 4256 on the ES and 14012 on the NQ for the first time in 2023 we will have no upper projections on the web app. I really hope we can get there early next week.

Because we are now set up for the lower projections that can actually fall further.

If the ES can get to 4256 next week we will close all upper projections but the real thing to look for is the 100/110 weekly projection can be confirmed by a mid spot weekly close below 4170 for the next 5 weeks until the beginning of July. The 3.5/4 daily continuum is going to be below that level next week.

I wish I had been more patient because the projections are setting up for the dang fall we have all been talking about for months.

I also wish I had been patient because the projections have been dead on, on this rally.

Also want to bring up the YM it is in the same positions as the ES it should get a confirmed 100/110 on the next pull back.

We would them have the NQ,YM,ES, IWM all with 100/110 confirmed lower projections. I believe that will tell us the next leg down is here.

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