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SMC Update Week Ending 9-8-23 Recorded 9-9-23

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09/09/2023

Comments (7)
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brian1469
brian1469

Thanks Peter!

The walls are closing in

daniel039209
daniel039209

I did find this update very helpful. Explains how after the break of 100/110 week lines,(Oct 2022) which is a extremely rare occurrence, the "model" would be very bearish.Unfortunately, the NDX has rallied 5900 points. Probably should have been more flexible when prices moved thru 50dma, 100dma 200dma. But If you are correct with the "1/2 life of a 4 year cycle", the market is on borrowed time. Time to tighten all stops if long. Still not clear what prices have to break to send us lower, that is up to each one of us. The projections of up 175 or down285 are not granular enough.

Sept/Oct are notorious for panics to downside. But the good news is it often marks an important low by November.

XXSPOWER127
XXSPOWER127

WHERE IS FAST AND ACROONN ARRON ACORN ?

I WANT THEM TO TELL ME THE END IS NEAR

U KNOW - DEATH AND MAYHEM

DISORDER

MA IS AT THE HIGH

AND WHEELS ARE COMING OFF

AND WHAT ELSE? THE MOONS AND STARS AND WATER ???? AND SUN ?

LOL SHEEP

XXSPOWER127
XXSPOWER127

daniel039209 said:

I did find this update very helpful. Explains how after the break of 100/110 week lines,(Oct 2022) which is a extremely rare occurrence, the "model" would be very bearish.Unfortunately, the NDX has rallied 5900 points. Probably should have been more flexible when prices moved thru 50dma, 100dma 200dma. But If you are correct with the "1/2 life of a 4 year cycle", the market is on borrowed time. Time to tighten all stops if long. Still not clear what prices have to break to send us lower, that is up to each one of us. The projections of up 175 or down285 are not granular enough.

Sept/Oct are notorious for panics to downside. But the good news is it often marks an important low by November.

ALWAYS Double check with the 100/110 FUTURES $NDX.X is not at all as accurate as @NQ look at @NQ 110 THEN check daily see 48.4 WEEKLY, THEN toggle to Monthly, then 60 min Double check against $NDX.X AND COMPQ
see how @NQ invalidated it and now has HIGHER PROJECTION?

Same with @ES AND $spx.x

BUT NO ONE Listens... they just talk about moon walks and other stupid

$SVXY NEW HIGH $VXX NEW LOWS

VXX IS NOT A BEAR MARKET .. NOTICE HOW THAT TALK OF BEAR MARKET STOPPED? 12 HANDLE IS NOT A BEAR

VIX LOWER PROJECTIONS 19.50 OOOOFFFF CAN YOU SAY 4600 ????????
CAN YOU SAY 15800 / NQ

XXSPOWER127
XXSPOWER127

TSLA anyone but me LOVE IT? see the GREEN PROJECTIONS ????????? 280 THEN 300 ????? YUMMY

WHAT ABOUT YOU FAST ?

arcon00224
arcon00224

Hang in there XXXLongPositionUnderWaterLongTime,

We're eventually going to get back up to breakeven point for your long trade from April 2022 top when you went long

Underwater about 526 days now

song to help you hang in there. Dont' give up hope!

daniel039209
daniel039209

XXSPOWER127 said:

daniel039209 said:

I did find this update very helpful. Explains how after the break of 100/110 week lines,(Oct 2022) which is a extremely rare occurrence, the "model" would be very bearish.Unfortunately, the NDX has rallied 5900 points. Probably should have been more flexible when prices moved thru 50dma, 100dma 200dma. But If you are correct with the "1/2 life of a 4 year cycle", the market is on borrowed time. Time to tighten all stops if long. Still not clear what prices have to break to send us lower, that is up to each one of us. The projections of up 175 or down285 are not granular enough.

Sept/Oct are notorious for panics to downside. But the good news is it often marks an important low by November.

ALWAYS Double check with the 100/110 FUTURES $NDX.X is not at all as accurate as @NQ look at @NQ 110 THEN check daily see 48.4 WEEKLY, THEN toggle to Monthly, then 60 min Double check against $NDX.X AND COMPQ
see how @NQ invalidated it and now has HIGHER PROJECTION?

Same with @ES AND $spx.x

BUT NO ONE Listens... they just talk about moon walks and other stupid

$SVXY NEW HIGH $VXX NEW LOWS

VXX IS NOT A BEAR MARKET .. NOTICE HOW THAT TALK OF BEAR MARKET STOPPED? 12 HANDLE IS NOT A BEAR

VIX LOWER PROJECTIONS 19.50 OOOOFFFF CAN YOU SAY 4600 ????????
CAN YOU SAY 15800 / NQ

appreciate your reads on the futures. i am just moving to camp of -after NDX gains 38-41% playing for the last push up isnt worth it. People too complacent, real risk of us breaking the 50dma and having another big drop -7-8% like from the July hi to Aug18 low. i agree with you on all of the hyperbolic calls on here--"crash starting" "imminent cascading" " extreme speculation' If one was really trading in 1999-2000 this is NOTHING like that. Had some of it during COVID crap companies going up 400% , and that ended in 2022 collapse of those names. Call it bull or bear market- who cares? Missing 30-40% gain in averages( not to mention 40-100-200% in big stocks) is missing out. period. Let me know where support is when we do start to break down.

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