SMC Update Week Ending 7-21-23 Recorded 7-23-23

Sun, 07/23/2023 Sunday, 07/23/2023 5:43 PM PDT


Comments (9)
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

jjay636
jjay636

I think it is time to become honest with the system Peter - both S&P 500 and Nasdaq 100, the leading indicies now have rejected the much lower targets on the 100/110 week projections and generated a much, much higher upper level projections for both S&P as high as 5,200 and Nasdaq 100 at 20,300. How about talking about those and not still sticking with the wrong call of being bearish for the past 25-35%. Looking at the charts all these POTENTIAL(not yet generated) shorter dated projections will not bring us down anywhere to 30-40% bear market projected before. Maybe they get us to 10% lower but that's about it - and that will not cover the 25-35% opportunity to the upside that was missed over the past 9 months.

PFC
PFC

Thanks Peter - This sort of analysis is fantastic! Keep them coming.

daniel039209
daniel039209

If the high wasn’t in Jan or March or May or July 23. It could very well be in August or September and possibly December. Okay. Thank you

ericoh792283
ericoh792283

Everybody here and Peter bearish. Nasdaq taking a breather while Dow and spy catching up. Larry william had good video last week stressing this is a bull market. But bears continue to short it, so we can have more squeezes. Lol

XXSPOWER127
XXSPOWER127

Slow clap for the bears allowing a bullish close !!!

DOES EVERYONE SEE THE NEW PROJECTIONS?

I KNOW I DID

WOW

CANT WAIT

WONDER WHAT THE % OF THEM HIT ARE

OHH YOU CAN TELL ?

WELL ? WHY DONT U TELL US PETER

/NQ 100/110 WEEKLY

GO AHEAD..... ILL WAIT.

XXSPOWER127
XXSPOWER127

szulc2639 said:

NFLX traded slightly beneath the 38.2% (220.4, arithmetic scale) of wave 3 up this morning to 419.19, as it may be a 4th wave down with a 5th wave up to come typically 4th waves retrace 38.2% (+ -), though it can retrace up to 50% (400.41). To account for logarithmic scaling it's possible to go under 400.41 yet still be 50%, coming above 448.50 likely means a low has already formed. Any movement above 485 could complete 5 waves up and a larger decline should ensue thereafter. Alternatively, the 7/19/23 high 485 is wave B to the 11/18/21 high 691.74, thereafter a C wave would come below the 5/12/22 low of 162.71 (A).

WHAT A TOOL

elliot wave is absolute garbage... if I had a penny for everytime these elliot wave guys redraw and renumber ..

even the grand master of all of them Pretcher has redrawn his counts like 500 times since 2009

BUT WHAT DO YOU KNOW

YOU BEEN SHORT AND DEMOCRACKIN

XXSPOWER127
XXSPOWER127

ericoh792283 said:

Everybody here and Peter bearish. Nasdaq taking a breather while Dow and spy catching up. Larry william had good video last week stressing this is a bull market. But bears continue to short it, so we can have more squeezes. Lol

LARRY WILLIAMS TOLD PETER IN NEW YORK TO BE BULLISH HE DIDN'T LISTEN THEN HE WONT LISTEN NOW

XXSPOWER127
XXSPOWER127

ericoh792283 said:

Everybody here and Peter bearish. Nasdaq taking a breather while Dow and spy catching up. Larry william had good video last week stressing this is a bull market. But bears continue to short it, so we can have more squeezes. Lol

THE FUNNY THING IS THE RATIO PROB WENT DOWN OVER THE LAST WEEK DUE TO THE DOWS OUTPERFORMANCE BUT THAT IS NOT ADDRESSED AND THE RE BALANCE WILLHELP WITH THE RATIO TOO

A BETTER RATIO IS /NQ TO /XLK AND IT SHOWS THE EXTREME GREED IN 2000 BUT HE WONT ADDRESS IT

XXSPOWER127
XXSPOWER127

szulc2639 said:

XXSPOWER127 said:

szulc2639 said:

NFLX traded slightly beneath the 38.2% (220.4, arithmetic scale) of wave 3 up this morning to 419.19, as it may be a 4th wave down with a 5th wave up to come typically 4th waves retrace 38.2% (+ -), though it can retrace up to 50% (400.41). To account for logarithmic scaling it's possible to go under 400.41 yet still be 50%, coming above 448.50 likely means a low has already formed. Any movement above 485 could complete 5 waves up and a larger decline should ensue thereafter. Alternatively, the 7/19/23 high 485 is wave B to the 11/18/21 high 691.74, thereafter a C wave would come below the 5/12/22 low of 162.71 (A).

WHAT A TOOL

elliot wave is absolute garbage... if I had a penny for everytime these elliot wave guys redraw and renumber ..

even the grand master of all of them Pretcher has redrawn his counts like 500 times since 2009

BUT WHAT DO YOU KNOW

YOU BEEN SHORT AND DEMOCRACKIN

Get back in your S..hole, face the wall doofus with your dunce cap, fold your hands, shut your pie hole, take your meds WeeWee you haven't a clue about anyone else just your arrogance, and stop massaging your ego in public, indecent exposure! See your big font, everybody notice me, Daddy love me!!!

WHO IS THE DUNCE HERE? HOW CAN YOU TRADE OFF THIS

, though it can likely means it's possible Alternatively it's possible as it may be

ME I TELL YOU, THE SHEEP szulc2639 I TELL YOU DONT BE A DEMOCRACK CLEAR, CONCISE. NO IF'S AND'S OR BUTTS LIKE YOUR FACE LOOLLL THATS A GOOD ONE RIGHT THERE

I HAVE SMOKED YOU AND THE MARKET WHILE YOU SIT THERE WITH YOUR ELLIOTT WAVE BETWEEN YOUR HANDS STROKING IT IN YOUR MOMMAS BASEMENT DONT FORGET TO HAVE HER WASH YOUR UNDIES DEMOCRACKA

Oh sorry did I have big font on?

OOOPS

1-9 of 9