SMC Update 6-5-23

06/06/2023


Comments (55)
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fast3777
fast3777

When Bitcoin turns down,it will be in a 3 of 3 just like some Dow stocks which are already ie UNH. But a very large majority will be in some degree of a 3rd wave. Lots of distribution going on especially in the NASDAQ.

fast3777
fast3777

The Action of the last week is capitulation in the VIX too m,an y wet behind the ears daytraders and algos. They should be doing the opposite but buying. Wall street plays a game as they squeeze the premium out of the puts,then the Big Boys cut loose with massive selling. Seen it way too many times. Last day before "OMG what happened".

fast3777
fast3777

Many stocks ending their wave 2 countertrend rallies. should see a decline into the close.

ericoh792283
ericoh792283

Vix almost ready to go below 14. Vix is dead

XXSPOWER127
XXSPOWER127

cant wait for another VIDEO ABOUT VXX wow !!!!!!!

PETER

HOW ABOUT YOU TALK ABOUT

A) SPEED RESISTANCE ..... YOU SAID WE GO BACK TO OLD HIGHS .......

B) IM SURE U HEARD OF " ZWEIG " 3-4% RULE - HAD MULTIPLE OF THEM

YOU CAN STILL GET TO THAT 15714 ALL THE WAY ON /NQ AND NOT EVEN INVALIDATE YOUR 110 BUT YOU STILL WONT TELL THE SHEEP !!!!!!!!!!!!!!

16000 ON THE /NQ

YOUR SHEEP WILL SUFFER

ericoh792283
ericoh792283

Spower is right on! Peter seems to forget or not mention any of his comments regarding all the tops that he suggested. Vix is at or below 14 now.

fast3777
fast3777

XXSPOWER127 said:

cant wait for another VIDEO ABOUT VXX wow !!!!!!!

PETER

HOW ABOUT YOU TALK ABOUT

A) SPEED RESISTANCE ..... YOU SAID WE GO BACK TO OLD HIGHS .......

B) IM SURE U HEARD OF " ZWEIG " 3-4% RULE - HAD MULTIPLE OF THEM

YOU CAN STILL GET TO THAT 15714 ALL THE WAY ON /NQ AND NOT EVEN INVALIDATE YOUR 110 BUT YOU STILL WONT TELL THE SHEEP !!!!!!!!!!!!!!

16000 ON THE /NQ

YOUR SHEEP WILL SUFFER

ericoh792283 said:

Vix almost ready to go below 14. Vix is dead

These are the comments you see when the SHTF

fast3777
fast3777

The VIX is in a leading diagonal triangle and if it is be prepared for Volmageddon...we shall see.

ericoh792283
ericoh792283

As long as we have perma bears , we will keep going up!

XXSPOWER127
XXSPOWER127

Vix printed a 13 handle today ..

Can U say PRE COVID

BUT ........... THERE IS A bullish rsi divergence on the 1H and 4H for the VIX

SVIX HAS ............. SHOT ITS LOAD I think

NO ONE EVER TALKS ABOUT SVIX , AND THE CORRELATION BETWEEN UVXY AND VXX AND VVIX BUT YA KNOW........ NOT A BIGGIE

TOMORROW IS WEDNESDAY

WHAT DID I SAY LAST WEEK ABOUT WEDNESDAY

LETS SEE?

fast3777
fast3777

There is going to be a lot of bulls with puckered orifices by the end of this week

XXSPOWER127
XXSPOWER127

fast3777 said:

There is going to be a lot of bulls with puckered orifices by the end of this week

SOOOOOOOOOOOOOOOO VIX Breached the 2021 low /NQ at 52 week hi /ES at 52 week hi

BUT DELUSIONAL BEARS SAY WE WILL HAVE A$$ REAMINGS ?

HILARIOUS

fast3777
fast3777

XXSPOWER127 said:

fast3777 said:

There is going to be a lot of bulls with puckered orifices by the end of this week

SOOOOOOOOOOOOOOOO VIX Breached the 2021 low /NQ at 52 week hi /ES at 52 week hi

BUT DELUSIONAL BEARS SAY WE WILL HAVE A$$ REAMINGS ?

HILARIOUS

Paying trolls that aren't technicians,,,,,but hey carry on....lmao!

XXSPOWER127
XXSPOWER127

@@@ HEY ALL SHEEP

check this out

https://twitter.com/yuriymatso/status/1666167854318624768

https://twitter.com/yuriymatso/status/1664773634416623616

factual COMPARISONS that PETER likes to do

HAHAHA

NEWATHSOON2023

XXSPOWER127
ericoh792283
ericoh792283

If there’s some kinda bloody day tomorrow, I’m going all in

ericoh792283
ericoh792283

Missed the whole rally from 3500 listening to bears like Peter and other furus. Feels like 2020 bull rally

fast3777
fast3777

No doubt that VIX ETF which are in free fall effect the VIX. The interesting thing is nobody is buying insurance on the downside. When this 3rd wave has it's kick off tomorrow guess what will happen? A market in free fall. The mania of sucking on the Fed teet is so pervasive that there are only bulls out there. Just like 1929 and we are setup for a market break of 1,000 to 1500 points lower. Are you nervous? Of course not and there lies the problem.

ericoh792283
ericoh792283

I think people will just buy the dip. Too much $$$ on the sidelines.

fast3777
fast3777

ericoh792283 said:

I think people will just buy the dip. Too much $$$ on the sidelines.

I don't think so, the leverage in margin is near a Trillion the Fed has it at 300 pct.....Like pouring jet fuel hot coals. Guaranteed you'll see gaps on the way down....a bidless market.

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