Peter Eliades video commentary cover for non subscribed members

Special SMC Update 8-27-21 8:20am Pacific

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08/27/2021

Comments (10)
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Optimus
Optimus

Thank you, Peter. The update gave much needed perspective.

evan.canter8781417
evan.canter8781417

Is there any reason NOT to short ndx if you say there are no more upside projections?

glennopps200
glennopps200

Thanks Peter. Much appreciated

rickjendz64
rickjendz64

So today Friday 08/27/21 the SPX closed at 4509.37 with an intraday-high of 4513.33 and met several projections. The only outstanding projections I recorded (I don't have the software but write everything down) are: SPX 4,521-4,526 & 4,517-4,530 (so 4,521 is sufficient), DJIA 35,817-35,911 (closed today at 35,455.80) and NDX 15,449-15,474 (closed today at 15,432). With a small rally Monday and/or Tuesday they can all be met. We could see a turn-down as early as next Friday Sept 3rd or the following week. Just have to watch out for any further upside projections in the meantime.

spytrader24
spytrader24

4600

rickjendz64
rickjendz64

Thank you. I can see us approaching 4600 by next Friday. I think we go down after Labor Day though.

srblack1960144
srblack1960144

Thought I'd post this old article for a bit of weekend reading for members. Peter has excelled at this game for a very long time...

https://www.gold-eagle.com/article/sign-bear-flashing-red

spencerdavis2000
spencerdavis2000

thank you Peter. for members interested I am playing this with VXX 25 calls Jan 20, 2023. This gives sometime within the next 540 days for a move from all time lows of VXX into this start of the next 150 month cycle which Peter thought would be the beginning of a downtrend and the bull market ending around Aug to Nov of 2021 bear market starting then and probably going for next few years or so All we need is a big sell off sometime for the VXX to potentially soar above 100. For perspective, covid crash VXX was at 300+ with calibrated split not sure if it is still weighted the same but still looking for a pop in vix sometime in next year

Jeff
Jeff

srblack1960144 said:

Thought I'd post this old article for a bit of weekend reading for members. Peter has excelled at this game for a very long time...

https://www.gold-eagle.com/article/sign-bear-flashing-red

From September 2000 to January 2, 2001, the NASDAQ dropped 45.9%. Peter warned in Sept of 2000 pain could be coming and to take precautions. Ultimately the NASDAQ dropped approximately 78%. We are lucky to have Peter guiding us. Wish I saw his e-mail earlier today, but I wasn't expecting it. Thanks

Optimus
Optimus

spencerdavis2000 said:

thank you Peter. for members interested I am playing this with VXX 25 calls Jan 20, 2023. This gives sometime within the next 540 days for a move from all time lows of VXX into this start of the next 150 month cycle which Peter thought would be the beginning of a downtrend and the bull market ending around Aug to Nov of 2021 bear market starting then and probably going for next few years or so All we need is a big sell off sometime for the VXX to potentially soar above 100. For perspective, covid crash VXX was at 300+ with calibrated split not sure if it is still weighted the same but still looking for a pop in vix sometime in next year

Thank you for sharing. Will check out the strategy.

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