SMC Update Week Ending Thursday 4-6-23 Recorded 4-8-23

04/08/2023


Comments (21)
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rc3071304280
rc3071304280

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

brian1469
brian1469

Thanks Peter!

I'm looking for an up move early into the week and hopefully topping out. CPI on Wednesday could be a catalyst to set off the projections to the downside

We are close to a top though banks are stopping lending and the credit crunch is getting worse by the day.

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brian1469
brian1469

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

Good luck the banks have stopped lending and the credit crunch is getting worse. The market has done its job to keep guys like you long

david2651
david2651

Appreciate all your work Peter.

Question: Zweig thrust indicator just went off, your thoughts please…

david2651
david2651

Appreciate all your work Peter.

Question: Zweig thrust indicator just went off, your thoughts please…

coding101
coding101

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

None of his work is opinion, it's purely technical and historical.

axlexsenderko4265
axlexsenderko4265

brian1469 said:

Thanks Peter!

I'm looking for an up move early into the week and hopefully topping out. CPI on Wednesday could be a catalyst to set off the projections to the downside

We are close to a top though banks are stopping lending and the credit crunch is getting worse by the day.

https://twitter.com/jamestown0123/status/1645112959134203907?s=20

dcarter8883312
dcarter8883312

Peter, Request please have your tech guy put notation of if Linear or Log etc back at bottom of chart. It is harder to read more blurry on top of colored projection window. Thanks ~ Dorothy

brian1469
brian1469

axlexsenderko4265 said:

brian1469 said:

Thanks Peter!

I'm looking for an up move early into the week and hopefully topping out. CPI on Wednesday could be a catalyst to set off the projections to the downside

We are close to a top though banks are stopping lending and the credit crunch is getting worse by the day.

https://twitter.com/jamestown0123/status/1645112959134203907?s=20

That is what I'm looking at and we should have some divergences on multiple things by then

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dcarter8883312
dcarter8883312

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

rc3071304280 Peter’s Trolls are out again confirming SPX is close to a peak again. I have a turn date April 10-12th.
~Dorothy

brian1469
brian1469

StevenTexas said:

We either have a credit event that really rewards the bears (forced selling from institutions) soon, a cliff hanger resulting in a cliff dive as Peter suggests. (Or) We may have bear burgers as the market grinds higher with capital from over-seas fleeing the devastation as the EU banks implode, and the NEO CONS escalate the NATO instigated and long planned war against Russia, and China. The War Machine is very inflationary, which will drive capital away from sovereign debt and into "tangible" assets including cash generating US equitites. We are at a very critical juncture you can feel it. Remember the massive wealth destruction already inflicted by the bond market. Could that be part of the reason money is finding its way away from debt instruments of government and into equity markets? Gotta think outside the box since the last time this happened was when capital fled Europe and Asia into the US. Which way the dollar goes will be a big change in the barometer and then the wind. I lean toward what Peter is cautioning us against, but not be left flat footed if the Titanic toots its horn for final boarding! This is exciting and torturing at the same time. Good luck everyone! Hang in there.

I think the credit event has started. Fed H.8 data via Torsten Slok:

*largest 2-week cutback in bank lending in US history

*The largest 2-week cutback in bank lending to corporates in US history

*Largest decline in lending to real estate on record

But if you remember their were issues in the banking system before COVID. I think they are trying to start WW3 so they can print 10 trillion to get us past this. It will give them the excuse just like Covid did then to start YCC and had out trillions. Something like this would make me bullish

It has to keep getting bigger or we might have that depression Bernanke was trying to save us from. The FED must keep expanding their balance sheet or we have a massive credit event. This tweet explains it. https://twitter.com/neandertrader/status/1645184026280378370

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brian1469
brian1469

dcarter8883312 said:

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

rc3071304280 Peter’s Trolls are out again confirming SPX is close to a peak again. I have a turn date April 10-12th.
~Dorothy

Dorothy looks like your turn date might be the ticket. The pop I and a lot of people were looking for just feels like it is going to be very hard to happen.

You are also right whenever the trolls come out on here it seems we are at a top lol

XXSPOWER127
XXSPOWER127

HILARIOUS !!!!
Higher PROJECTIONS ALL AROUND. do you discuss them ??

/NQ 96.8 / 110.6 =14,000 +++ /NQ 20.20 14000 ++++

YOUR 100/110 ABOUT TO BE IN VAL EEE DA AATED

CAN YOU SAY IT?

I CAN INVALIDATED.

XXSPOWER127
XXSPOWER127

OHHHHHH MAN !!! DOROTHY HAS A TURN DATE. SHE ALSO HAD A MOON DATE AND A TIDAL WAVE DATE AND ...... SHE HAS A RECIPE FOR BANANA BREAD

brian1469
brian1469

XXSPOWER127 said:

HILARIOUS !!!!
Higher PROJECTIONS ALL AROUND. do you discuss them ??

/NQ 96.8 / 110.6 =14,000 +++ /NQ 20.20 14000 ++++

YOUR 100/110 ABOUT TO BE IN VAL EEE DA AATED

CAN YOU SAY IT?

I CAN INVALIDATED.

The NQ 100/110 isn't invalidated until 14,271 that is still over a 1,000 points from were we are.

I could see us get to the 24 13,416 and 96 13,668. Heck if we get another leg up like we were talking about over the weekend we might get there this week.

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daniel039209
daniel039209

Only disagreement is with the comment at 15:53 - that the "NDX has been bouncing around for six months. up/down/sideways" If the tables are correct, the NDX is up 18% this year alone. From THEE lows in October,(6 months ago)NDX is up 26%. What really matters is stocks. NOONE is right on 100 or 500 or 2000 stocks. Individual stocks are up 30--50-60-121%. That is what is missed when bearish 75% of the time, if not more. Negative market outlooks, dire economic ruin always win out in headlines or click on it. Larry Williams said it, "bullish books dont sell like bearish/ we are about to crash books". We are way above moving averages( 34/50/200) in this market structure, way above any levels seen in 2000-03, 2007-09 structure. So, a 26% rally whether you call it a bear bounce, dead cat bounce, NOT a bull move--who cares, its 26% and stocks doubled. And we are fighting to get back to 2 weeks ago gaps. Fighting the wrong fight. It is most helpful for me to watch this video late in day. At the beginning of day, if market is red, easy to get all "beared up". and its just been incorrect for 6 months min.

elchico714622
elchico714622

I trade what I see in the market but seriously though…Peter has been bearish for so long market continues to go up… he tries to find some type of new way to be bearish when the old bearish way didn’t work out…. Plp on here talking about how once we hit this new high market should turn down… y’all know how dumb that sounds…

David.R
David.R

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

The joke here is guys like you, that have no idea what technical analysis or projections are. Continue buying, while I make a killing shorting on the other side following Peter’s work.

elchico714622
elchico714622

David.R said:

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

The joke here is guys like you, that have no idea what technical analysis or projections are. Continue buying, while I make a killing shorting on the other side following Peter’s work.

The shorting has not been working with peters work…. What are you talking about? More downside projections have been invalidated vs higher projections. Technical analysis that Peter has shown have been failing…. 3 videos ago he came out with a new moving average on spy… that supposedly we are not going to go above…. No one on here has been making a killing on shorting.

David.R
David.R

elchico714622 said:

David.R said:

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

The joke here is guys like you, that have no idea what technical analysis or projections are. Continue buying, while I make a killing shorting on the other side following Peter’s work.

The shorting has not been working with peters work…. What are you talking about? More downside projections have been invalidated vs higher projections. Technical analysis that Peter has shown have been failing…. 3 videos ago he came out with a new moving average on spy… that supposedly we are not going to go above…. No one on here has been making a killing on shorting.

elchico714622 said:

David.R said:

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

The joke here is guys like you, that have no idea what technical analysis or projections are. Continue buying, while I make a killing shorting on the other side following Peter’s work.

The shorting has not been working with peters work…. What are you talking about? More downside projections have been invalidated vs higher projections. Technical analysis that Peter has shown have been failing…. 3 videos ago he came out with a new moving average on spy… that supposedly we are not going to go above…. No one on here has been making a killing on shorting.

elchico714622 said:

David.R said:

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

The joke here is guys like you, that have no idea what technical analysis or projections are. Continue buying, while I make a killing shorting on the other side following Peter’s work.

The shorting has not been working with peters work…. What are you talking about? More downside projections have been invalidated vs higher projections. Technical analysis that Peter has shown have been failing…. 3 videos ago he came out with a new moving average on spy… that supposedly we are not going to go above…. No one on here has been making a killing on shorting.

elchico714622 said:

David.R said:

rc3071304280 said:

save your time and money. This guy is a joke. Will be beating the same dead horse for the next year while we just chop in markets. Save your money.

The joke here is guys like you, that have no idea what technical analysis or projections are. Continue buying, while I make a killing shorting on the other side following Peter’s work.

The shorting has not been working with peters work…. What are you talking about? More downside projections have been invalidated vs higher projections. Technical analysis that Peter has shown have been failing…. 3 videos ago he came out with a new moving average on spy… that supposedly we are not going to go above…. No one on here has been making a killing on shorting.

If you don’t know how to trade, scale into positions, combine Peter’s research with your own TA work just blame yourself for your failures. I’ve been doing just fine shorting for the past year+ with Peter’s work! As well as going long on some occasions, as he recommended last year. The projections take some extra time sometimes, but they have been working just fine. People are right, saying that when people like you start to surface, another top is in. We shall see again very soon :)

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