SMC Update Week Ending 9-1-23 Recorded 9-3-23

09/03/2023


Comments (7)
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m1.c70
m1.c70

Thanks Peter. I am somewhat confused with the CL comments and projections which seem inconsistent with the USO projections on the App. The USO recently invalidated a bearish down side projection and has longer term projection of 111 - 143 which suggests higher prices than the CL 94 to 101 you mentioned. I'd be grateful if you could address this inconsistency as it is important to my portfolio which has been greatly helped by companies such as PBR-a and offshore drillers such as RIG. We appear to be close to an inflexion point in physical Uranium supply and price and wonder if you could add this to the app.

XXSPOWER127
XXSPOWER127

You know that line in the Sixth Sense .. I see DEAD PEOPLE?

I see GREEN BARS

@ES 4540, THEN 4560, THEN 4600

@NQ UP

@RTY UP

AND

TSLA UP

fast3777
fast3777

Happy Labor Day Peter. Your Ratio chart fits the 1987 & 1929 analog day fractal. Today is the anniversary important 28th day on the ES and YM-F futures and the markets are down. This analog once it appears to being fulfilled almost becomes self fulfilling. Watching intently as September_October are bearish months historically. If the analog is in force a low could happen mid October. Thanks

brian1469
brian1469

Thanks Peter! I'm loving the software. Exactly what I needed for shorter term Futures trading.

I'm short RTY from Friday at 1924. Still probably closing before open.

Still feels like we can go up early this week though

fast3777
fast3777

It is the 28th day of the 1929 & 1987 top analog. So far so good as markets opened lower with UST market and Banks. Let's see if we have a trend day lower.

fast3777
fast3777

Looks like all markets are topping. The Dow seems the weakest and Japan the strongest,but that should end today. The NDX should reverse down today also. AAPL struggling to reach 66 pct retracement of wave 2

fast3777
fast3777

The cash Dow 30 gave a long red candle on the 28th day. The SPX cash also started down on it's 28 day. Japan looks to have topped in a massive wave 2 top. We shall see if we indeed follow the 1929-1987 Analog.

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