SMC Update 6-13-23

Excuse me, you said “doji” about 9 days and 1000 ndx points ago. A Doji candle is a POTENTIAL turning point need 1-2 more days of confirmation. Engulfing candles much much higher forecasting ability. As I have maybe mentioned 1/2 dozen times and it was back then; March 17th weekly BULLISH engulfing candle. You never recognized or didn’t see or couldn’t see with your very biased view. That was 2500 points. Lower. Tell me how you would be short and ever, unless it happened overnight , make 2500 points in NDX. I’d love to hear that plan

Last updated 3 years ago

Didn’t even mention the nasdaq longer downside projection got invalidated today.

Omg. Useless vix for 6 months and now Doji? doji? Really? Doji is going to bring the market crash? Not a single one of your invalidated lower projections. Does he even remember things he said few days ago???

Thank you Peter. Yes you have been to bearish these last months, but I have followed you for 4 years now and I have made big gains during that time. For me you are still one of the best analysts, who made some mistakes these last months. Don’t we all. Thank you for your service, you deserve way more respect than what I read over here.

Thank you Peter, In the final part of this C wave. The Fed is in a bad situation. They are their own worst enemy. I still.think we will go down very fast,a market break will surprise everyone.

I’m bearish BUT I expect a sharp drop and then Loop Upside Projections expected to be met at a high into 6/21 or July 11th. Bears will have their days, weeks & months. Just a little more patience required. As Joe Granville use to say there’s more ‘Bag Holders’ who need to be sucked in before this rally peaks. ~Dorothy

For days I said various Dow stocks are in multiple degrees of third waves and low and behold UNH gapped down 40+ points. Now in a 3 of 3 of 3.....This market will no longer levitate with destructive leverage with OPM. Get out now before this market really breaks, Thanks Peter. Btw the Nikkei and the German DAX have probably topped.

NDX 14981 today, Peter’s line in the sand again at 14936

ericoh792283 said:

NDX 14981 today, Peter’s line in the sand again at 14936

that is like Obama's "line in the sand" it kept moving :(

We have 5 up in the NDX.....Could go higher but the pattern has been fulfilled.

AAPL has 5 up from it's 4th wave triangle.

15017!

With the canary in the coal mine today,which was UNH now in the most powerful part of a 3rd wave down. The bears have the upper hand I believe. Nothing good to see here in the short term. YMMV

NDX support 300 points lower,bottom of the channel which it broke. YMMV

Can markets waterfall off the top? Yes I saw the UAL bubble do it in 1990 with the DJ trans average.

The NDX channel runs right around 15,000 trying to regain. Typically if fails the the decline starts in earnest.

Omg. All time high again and again!

Of course news does not affect the market. Of course not!

Bears getting crushed again and again. Buy the dip. It’s bull market

this VIX is 13.97. i would like to speak to a manager about this