SMC Update Week Ending 6-30-23 Recorded 7-1-23

07/01/2023


Comments (10)
We welcome all comments related to market timing. We do not welcome political and insulting comments, however, and comments of a political nature belong elsewhere and could lead to removal and blocking the originator of such political comments.

You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members

coding101
coding101

Hi Peter, Can you cover the Dollar or EURUSD more often?

Peter Eliades
Peter Eliades

The SPX trendline on Monday, July 3, will be at 4457.23

fast3777
fast3777

Looking at several stocks that have been buyback leaders such as MA mastercard and AZO Autozone. Both have large topping formations. MA on the one minute looks to have done a impulse off the top. AZO is at the bottom TL and could have failed in it's W2 advance. The main thing is the SPX for 2 full hours failed to vault above Peter's TL and that failure smelled of one thing exhaustion.

fast3777
fast3777

One other thing. MA is in a large ending triangle that looks incomplete. We could get a decline lasting 3 or 4 days then another fast rally up that tries to reach the line again then the collapse will start around July 12. We shall see.

eechentra2018
eechentra2018

I have a hard time ignoring how the Fed(s) manipulate the market(s). Feb20 was a global shutdown, which was manufactured. I don't see how manufactured market events can be relied on or used for cycle projections.

fast3777
fast3777

Now I think there is a 90 pct chance that the Nikkei futures could double top to set the stage for the Supercycle C wave down. Everything is aligning. Japan has reached 33,785 so far and the top is 34,030. Of course could fail at any time. Looking for Bitcoin to turn down also.

Last updated

brian1469
brian1469

After all the bulls smashing the bears to oblivion.

It amazes me we still have confirmed 100/110 downside projections on the ES, NQ, YM, and IWM

fast3777
fast3777

Happy and safe 4th of July to all and especially Peter. God bless our United States.

jwkim33366
jwkim33366

I'm sure this trendline is important but just want to point out that we are above all the weekly offsets on NQ and NDX (all of them). I'm not sure if being bearish in that scenario is really reliable.

ericoh792283
ericoh792283

Fast is acting like a patriot wishing Peter happy 4th of July, while wishing for a crash in America! Lol. What an idiot who will continue to lose his $$$

1-10 of 10