SMC Update 2-16-23

Last year, we had a major bottom on 2/24.

On 2/22/22 at 2:22pm, Biden announced Russia sanctions.

Now, Peter Eliades has a 57 trading cycle that expires Feb 22.

It would make absolute sense to me to have a cycle inversion and get a significant market top circa Feb 22-23. Feels like time to watch extra carefully

Peter

I think looking at your VIX analysis it’s time to purchase VIX call options If I did buy on opening in the morning Friday 2/17 then where would you place a stop I am thinking purchase March or April monthly at the money VIX 20s

Risk should be minimal base on all your history of past 23 years

Last updated 3 years ago

Thanks Peter, Stay healthy don’t allow trolls to upset or stress you. Some of these folks are holding their chart upside down. ~Dorothy 🙃🙂

Finally after long time the wheel have turn . Thank you Peter .

Peter If Lower SPX targets given please post in chat if can’t do Intraday update. Or anyone with software. Thanks 🙏 ~Dorothy

I’m not an Elliott expert by long shot. Some say SPX below 4060 suggest Wave 3 of 3 started.

Lars from foundation for stock market cycles had us topping in mid March? Perhaps a couple of loops before we top also can you update natural gas looks like an important bottom soon

Worth noting: AAPL 6.7% #1 highest weighted stock in SPX Gapped down Friday giving a target to 130. Only closing gap would cancel that target. Curious if Peter shows downside projections on APPLE. This isn’t good for a renewal of bullish trend in SPX.

Last updated 3 years ago

I just noticed what could be a Potential Reversal in Bitcoin. It dropped $900+ in 2 hrs on large volume. Could be an indication of Risk Off for this week.

Peter: Please cover ESH & SPX in today’s update. Brian1469 posted ES Preliminary projection to 3967. What price would ES have to hit to confirm this downside projection. Thanks 🙏 ~Dorothy

Bloomberg: MS Mike Wilson Sunday Evening Note Summary 2-19-23

“The bear market rally that began in October from reasonable prices and low expectations has morphed into a speculative frenzy based on a Fed pause/pivot that isn’t coming.” He added S & P 500 could fall 26% to 3,000 during the first half of 2023.

~Dorothy

Thanks 🙏 Brian ~ Dorothy

brian1469 said:

dcarter8883312 said:

Peter: Please cover ESH & SPX in today’s update. Brian1469 posted ES Preliminary projection to 3967. What price would ES have to hit to confirm this downside projection. Thanks 🙏 ~Dorothy

Dorothy we need to get the midpoint below 4049 on the ES today to trigger the 12/13 that has a preliminary down to 3967

dcarter8883312 said:

Bloomberg: MS Mike Wilson Sunday Evening Note Summary 2-19-23

“The bear market rally that began in October from reasonable prices and low expectations has morphed into a speculative frenzy based on a Fed pause/pivot that isn’t coming.” He added S & P 500 could fall 26% to 3,000 during the first half of 2023.

~Dorothy

brian1469 said:

dcarter8883312 said:

Peter: Please cover ESH & SPX in today’s update. Brian1469 posted ES Preliminary projection to 3967. What price would ES have to hit to confirm this downside projection. Thanks 🙏 ~Dorothy

Dorothy we need to get the midpoint below 4049 on the ES today to trigger the 12/13 that has a preliminary down to 3967

Thank You StevePam I’ve also been concerned & Praying for Peter’s well being. 🙏 ~Dorothy

stevepam307409 said:

Peter -- Praying for you & your Health, right now. Hoping your non post is because of circumstances other than your health...You are a Faithful man. ThankYou.. Blessings for You & Your Family.. Steve

Hopefully, everything goes well, Peter. Best wishes.

Hi guys, Could someone please enlighten me on what is happening with Peter/update. I did not get/see anything. Thanks so much. Tamara