SMC Update Week Ending 7-14-23 Recorded 7-16-23

Sun, 07/16/2023 Sunday, 07/16/2023 7:01 PM PDT


Comments (17)
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daniel039209
daniel039209

Hussman does a lot of work, no argument. But t o cherry pick his oft EXTREMELY bearish bias is nothing but cherry picking. On 3.10.2023 he had "near zero" returns for 10-12 years. QQQ closed 292(379 7.14.23 close) SPX closed 3918(4505 7.14.23 close) That is 30% & 15% that one either missed or with convincing data, one would have been short. The complete misread by Hussman and frankly, SMCycles is one that should be paid attention too. We all have opinions. Anyone older that 13 years old knows the market does go up and does have sell offs. It does go up about 73% of the time. To be bearish 89% of the time is just going against the herd for some other reason that price awareness. I think its ego. To call "THE TOP" and have the market break huge can make a name for oneself. A small number did around 1987. It was mostly a one hit wonder.
TSLA going to $370 or $710 yet you still say the RTY is going down 75%? okay, got it

ericoh792283
ericoh792283

Sad. It’s like bears feeding off each other looking for down market. So many TAs are bullish. Interest rate has to go down at some point Which helps valuations. Everyone looks forward, not backwards.

XXSPOWER127
XXSPOWER127

TSLA , AVGO , MSFT , NVDA , /NQ

WATCH ON U TUBE

COCVOCCO CAPITAL VIDEO

ericoh792283
ericoh792283

XXSPOWER127 said:

TSLA , AVGO , MSFT , NVDA , /NQ

WATCH ON U TUBE

COCVOCCO CAPITAL VIDEO

Yup he’s been right on vs Peter and his bear friends

XXSPOWER127
XXSPOWER127

Where is FAST? usually around 1pm est he calls a TOP .. maybe he is asleep. HELLO FAST?

Nah..

XXSPOWER127
XXSPOWER127

oooooooooooo ITS ALSO 9368 DAYS or something I forgot !!! and 18688 days and 431 trading days and ... its
also someone's birthday /4 x 4 = 16 and that is SQUARE OF 9 + 7 = FIB / 2 + 6 so yeah

XXSPOWER127
XXSPOWER127

LETS DIVIDE NQ/ Pot stocks I bet that one would be a good measure

ericoh792283
ericoh792283

XXSPOWER127 said:

Where is FAST? usually around 1pm est he calls a TOP .. maybe he is asleep. HELLO FAST?

He’s definitely not a sleep. He’s in a total panic mode or crying and finally realizing that he’s been shorting this bull market.

ericoh792283
ericoh792283

I bet Peter will still refuse to believe we are in a bull market when we hit ATH which is only few percentages away for NASDQ and more for SP500. Just like he said, “if we go over 4200 significantly I will believe there’s something more to this than bear market”. Well did he forget that? Like many trend lines and LIS that he draws

ericoh792283
ericoh792283

Let’s blow away the shorts!

ericoh792283
ericoh792283

I understand bearish narrative, doom and gloom sells! But common, you have been wrong for so long, what would it take for you to change your mind.

XXSPOWER127
XXSPOWER127

ericoh792283 said:

I bet Peter will still refuse to believe we are in a bull market when we hit ATH which is only few percentages away for NASDQ and more for SP500. Just like he said, “if we go over 4200 significantly I will believe there’s something more to this than bear market”. Well did he forget that? Like many trend lines and LIS that he draws

The thing is he does not read comments. If he did he would comment on all these things. How about the VXX? That was the biggest blunder ever when PROJECTED VXX WAS DOWN ON ALL TIMEFRAMES and he is going against his own SOFTWARE!! Unreal!!

How about RESISTANCE LINES?? I know that one he remembers..

He is an old set in his way Bear. Just like SZULCLZ IS A DEMOCRAT and can't see anything LMAO 🤣

XXSPOWER127
XXSPOWER127

NEW HIGHS ON QQQ

HIGHER MONTHLY PROJECTIONS

/16666

What have I been telling u??

HIGHER NQ HIGHER YM HIGHER RTY

XXSPOWER127
XXSPOWER127

HA Ha !! Just like 2000 I ride this wave !! Short IT TO YOUR GRAVE LOL 😂

XXSPOWER127
XXSPOWER127

brian1469 said:

Can't go above today's high on the ES and NQ to have any shot at saving the downside projections on the ES and NQ 100/110 this week. Need a reversal starting tomorrow also.

The QQQ is on it's third day in a row outside it's Bollinger band.

Congrats to the bulls this is a hell of run

Dude.. give it up The downside projections for 110 are shit and they are basically invalidated.. WHY ARE YOU HANGING ON TO THIS CRAP look at QQQ 110 or TQQQ 110

XXSPOWER127
XXSPOWER127

brian1469 said:

XXSPOWER127 said:

brian1469 said:

Can't go above today's high on the ES and NQ to have any shot at saving the downside projections on the ES and NQ 100/110 this week. Need a reversal starting tomorrow also.

The QQQ is on it's third day in a row outside it's Bollinger band.

Congrats to the bulls this is a hell of run

Dude.. give it up The downside projections for 110 are shit and they are basically invalidated.. WHY ARE YOU HANGING ON TO THIS CRAP look at QQQ 110 or TQQQ 110

Those are the main ones I pay attention to and they haven't been invalidated yet so I don't see a need to not pay attention to them. Also this the week they both should get invalidated as it is right there for both of them.

So might as well see what they do this week.

Ok However the QQQ, $NDX.X , TQQQ, $NASDAQ all invalidated it. Only /NQ has not. Why? I think it's because if u look at OCT futures it's over 16000 already .. easy invalidating.. and the preliminary upside is 16666 on Oct futes. But.. that's just due diligence. A breather is always nice and then TSLA EARNINGS WEEEEEE

XXSPOWER127
XXSPOWER127

L@@K AT THE CONTINUUM CATCH UP TO THE 1,3,5,7-8 DAYS NOW

ANY DOWNSIDE WILL BE LIMITED

DO NOT FEED INTO ANY BEAR STORIES

WE CAN GO UNDER THEM AND LOOP HIGHER -

/NQ WANTS THAT 16750 ++++ 17000 +++ EASY

@RTY 2168

/YM 39000

YES

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