SMC Update 6-12-23
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Comments (26)
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My apologies for the tardy update. I had a dental appointment this afternoon that took longer than anticipated and two hours round-trip driving caused a late start on the update. I sincerely apologize...
why do you try and make projection fit your views? All charts must be done with logs. Just look at Nvidia. Do you remember what happened with DXY top? Lets have what market is telling us.
https://stockcharts.com/h-sc/ui?s=$NYA&p=D&yr=3&mn=0&dy=0&id=p83733137120
Look at Summation Index which need to stay below Zero for Bearmarket to happen. so far it's not staying below Zero. soon will on the next down leg.
Peter: Thank you for showing highest price in projection window. Very Helpful. Is there a margin of error? Historically is there a % that targets can overshoot? The reason I ask is your Log projections are very close to the highest Targets I have on AAPL: 193.41 As Long As 167.04 Not Touched 197.61 As Long As 175.77 Not Touched. ~Dorothy
Sometimes Time Is More Important Than Price.
June 21st July 11th likely lower Peak ~Dorothy
News does move the market. Only market cyclist want to believe it isn’t. Another up day today Peter. You have really killed your bear followers.
of course we will pull back. gapping 150 pts on NQ_z and after a more that 2000 point ramp up in 6 weeks OF COURSE we will have a pull back. but you need to see that and then a re rally to higher highs that causes divergence or just a lower high.. good luck everyone!
Let’s Act like Adults Take Responsibility for your trades. IF Short you should have used tight stops! It Is So childish to blame Peter for being wrong on your trades. Follow the projections! ~Dorothy
Let’s Act like Adults Take Responsibility for your trades. IF Short you should have used tight stops! It Is So childish to blame Peter for being wrong on your trades. Follow the projections! ~Dorothy
Let’s Act like Adults Take Responsibility for your trades. IF Short you should have used tight stops! It Is So childish to blame Peter for being wrong on your trades. Follow the projections! ~Dorothy
Peter obviously has no skin in the game. He can call bear market however long he wants
I THINK THERE IS A TURN DATE IN .....NOVEMBER
IS HE DONE TALKING BOUT DA VXX???
What's another 150 points on /NQ when you got speed resistance lines!!!
It means you GO TO ALL TIME HIGHS
BET HE IS NOT TALKING FIBANNACHHHIII NO WHY?? Cause 68.1 got bye bye
small
hands
What a rip
Only 400 points to
ATH
Yeah let’s act like adults… because Peter obviously has been going against his own software. I feel bad for the people who have been listening to him instead of following the projections.
I been telling everyone 👀 AT THE PROJECTIONS
IF YOU HAD $10 every time Peter said I DONT THINK THAT WILL HIT OR I DONT THINK THAT WILL DO THAT U would have bazillllll WHAT SUPPORT OF YOUR OWN SOFTWARE YOU MADE!!!
boggles
napolean
mind
Let's go SMALL CAPS NEXT !!!
I see one more good chance for the bears. I've been following the projection on the Daily - Median price chart, 48.4/55.3 offsets. Way back in November it gave a projection to 4369 - 4563. Using a Nick Filter of just one, it's still there, and today it's been hit. If I draw in a trend line connecting the 12/1/2022 and 2/2/2023 tops, it's at about 4400 today and tomorrow. I'd live to see another spike up tomorrow with the Fed pause news, to over 4400...seems like that would be a great low-risk spot to short. If it gets above 4400 and holds, then the melt-up continues probably... the CNN Fear/Greed meter is now at 80! It's only been that high one other day in the last year, on 2/1/23, the day before the 2/2/23 high.
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Pull back pull back pull back. That’s what she said. No that Ms what he’s been saying since October.
N>ericoh792283 said:
NQ_z did pull back about 160 from pre opg highs. That might have been THEE pullback Peter was waiting for. Until we rallied back about 115 of the 160. So, net -net, shorts still dead
It’s grinding higher rotating bull market.
“Well folks this is tough business,,, but I still think we are in bear market rally” what we will hear today and until we hit all time high
Bulls are strong and resilient. bears are stunned and have no will to fight.
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