SMC Update 6-6-23

06/06/2023


Comments (24)
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XXSPOWER127
XXSPOWER127

CPI next week = you think it will be HIGHER THAN LAST YEAR? people will start front running OF COURSE ITS NOT!!

FED next week YOU THINK THEY WILL PAUSE NEXT WEEK ???? OF COURSE THEY WILL

people will start front running ~

COUPLE THINGS #PETER did not show

/ES HIGHER @!!! PROJECTIONS 189 / 194 CONFIRMED 4325 -4458 !!!!!!!!!!!! GET ON BOARD BABY

/ES WEEKLY 20 21 HIGHER !! 4300 ++++

/NQ 110 LOOK AT THE CONTINUUM YOU CAN GO ALLLLLLLLLLLLLL THE WAY TO 16000 AND NOT INVALIDATE THAT 7000 BOX THE CONTINUUM RISES LIKE A INDIAN MOUNTAIN ROAD TO THE SKY THAT THE /NQ IS ON DONT TRY TO PICK TOPS

ALSO

$VXX GAPS LOVE TO GET FILLED
12.10 IS A GREAT GAP

BANKS ARE FRONT RUNNING BECAUSE LONGER HIGHER RATES ARE GREAT FOR BANKS

FAS LOOK AT THE PROJECTIONS

XXSPOWER127
XXSPOWER127

ALSO /ES 39 40 WEEKLY " CONFIRMED " HIGHER PROJECTIONS 4330 ++

WE ARE NOT DONE WE ARE GOING ... HIGHER LETS SAY IT TOGETHER

HIGHER

MAYBE NOT TODAY, LIKE I said last week - Wednesday can have some blood but .. WE are going higher

/ES 110 WEEKLY CAN GO ALLLL THE WAY TO 4600 AND NOT INVALIDATE

why pick a top .. what do they say about picking a top? ITS A FOOLS GAME

look at the 200/220 even shortest offset ..

YAWN

fast3777
fast3777

Last chance to get long at bargain basement price on the VIX. Japan now in a Super cycle C wave Down and Dow in some degrees of a 3rd wave down....the party is officially over.

dcarter8883312
dcarter8883312

I have to give benefit of doubt to My Profile I’ve previously posted here which shows rally into 6/21 Peak then pullback and rally into 7/11 double top or slightly lower peak THEN Bears 🐻 have their way. I will also be following key stocks like AAPL & NVDA for highest targets to be met then reverse within 3 traders.

NVDA Target Stretch Target 450.87 ALA 306.07 NT

AAPL 193.41 ALA 167.04 NT 194.80 ALA 2/24 NT technically 194.80 was cxld but when a new target is given to general price I watch it. ~Dorothy

daniel039209
daniel039209

to be clear; if we rally the NDX another 500 points and go thru upper continuum line, it will be CLEAR to you that we are going higher or toward the highs? tell me you are kind of kidding? i dont even know what to say. staggering move from 10,700 ( lets not even count the 10,440 print).. 3948 points and think we might be going up now? need another viewing of this update. it cant make sense. i have to skip over th VIX bullish calls. makes NO sense.

fast3777
fast3777

Sept calls on the VIX long ETF's are dirt cheap buy a 1000 and make 7 figures

daniel039209
daniel039209

dcarter8883312 said:

I have to give benefit of doubt to My Profile I’ve previously posted here which shows rally into 6/21 Peak then pullback and rally into 7/11 double top or slightly lower peak THEN Bears 🐻 have their way. I will also be following key stocks like AAPL & NVDA for highest targets to be met then reverse within 3 traders.

NVDA Target Stretch Target 450.87 ALA 306.07 NT

AAPL 193.41 ALA 167.04 NT 194.80 ALA 2/24 NT technically 194.80 was cxld but when a new target is given to general price I watch it. ~Dorothy

so , net net, pretty bullish till 7/11 got it

fast3777
fast3777

Look at the EDT on the NDX on a 2 hour chart. Wave E and it will probably fail,which they usually do a half. This market is ripe for a major decline.....all stock are as this is Super cycle degree. Good luck

daniel039209
daniel039209

fast3777 said:

Sept calls on the VIX long ETF's are dirt cheap buy a 1000 and make 7 figures

okay, you have got to cut this shit out.. this is NOT some twitter space.. come on, person, you talk smack clogging up any actual factual data points people want to share.

fast3777
fast3777

daniel039209 said:

fast3777 said:

Sept calls on the VIX long ETF's are dirt cheap buy a 1000 and make 7 figures

okay, you have got to cut this shit out.. this is NOT some twitter space.. come on, person, you talk smack clogging up any actual factual data points people want to share.

What a bunch of amateurs. In the land of the blind the one eyed man see's clearly. Good luck

daniel039209
daniel039209

fast3777 said:

daniel039209 said:

fast3777 said:

Sept calls on the VIX long ETF's are dirt cheap buy a 1000 and make 7 figures

okay, you have got to cut this shit out.. this is NOT some twitter space.. come on, person, you talk smack clogging up any actual factual data points people want to share.

What a bunch of amateurs. In the land of the blind the one eyed man see's clearly. Good luck

listen, we all know the market is extended. YOU have been saying negative outcomes for the last 1474 NDX points. market is NOT going to fall back to 13000 so fast. will take weeks if today were some type of high. so if you are out 11% already, you are not making it back for long long time. plus you have no idea who you are talking to. so, just calm down

fast3777
fast3777

I have told you Bitcoin is topping, The Nikkei has topped. The German DAX has topped, The Dow topped 6 months ago and is in some degree of a 3rd wave down. The NDX has completed a EDT and just broke it to the downside. The Russell 2000 has in the prior 2 days had a panic to buy. Classic herd climax......all bearish signs for those who critically watch markets and understand historical topping and distribution mechanics. You can't swallow this "new bull market stuff" just because a group of tech stocks with fan boy mentality goosed them higher with OPM.

Last updated

fast3777
fast3777

daniel039209 said:

fast3777 said:

daniel039209 said:

fast3777 said:

Sept calls on the VIX long ETF's are dirt cheap buy a 1000 and make 7 figures

okay, you have got to cut this shit out.. this is NOT some twitter space.. come on, person, you talk smack clogging up any actual factual data points people want to share.

What a bunch of amateurs. In the land of the blind the one eyed man see's clearly. Good luck

listen, we all know the market is extended. YOU have been saying negative outcomes for the last 1474 NDX points. market is NOT going to fall back to 13000 so fast. will take weeks if today were some type of high. so if you are out 11% already, you are not making it back for long long time. plus you have no idea who you are talking to. so, just calm down

Better change you crystal ball it's past the due date.

fast3777
fast3777

When the Dow starts down many of the 30 will be in 3 of 3 or the most bearish and strongest wave down.

fast3777
fast3777

At least you all should take note of Peter's warning that the VIX closed below it's bollinger band, When I heard him mention that....I knew it was finally the last call...for this Market as it would start to decline in earnest. Long time real technicians that follow in the steps of great ones like Edson Gould, Granville,Hirsh,W.D. Gann and many others deserve the utmost respect. This has been a very tough market to call a top on because of the divergence and the degree of psychology present in a Super cycle B wave,where many stocks have made their 5th wave ATH's.....Thanks Peter.

XXSPOWER127
XXSPOWER127

szulc2639 said:

XXSPOWER127 said:

ALSO /ES 39 40 WEEKLY " CONFIRMED " HIGHER PROJECTIONS 4330 ++

WE ARE NOT DONE WE ARE GOING ... HIGHER LETS SAY IT TOGETHER

HIGHER

MAYBE NOT TODAY, LIKE I said last week - Wednesday can have some blood but .. WE are going higher

/ES 110 WEEKLY CAN GO ALLLL THE WAY TO 4600 AND NOT INVALIDATE

why pick a top .. what do they say about picking a top? ITS A FOOLS GAME

look at the 200/220 even shortest offset ..

YAWN

XXSPOWER127 said:

ALSO /ES 39 40 WEEKLY " CONFIRMED " HIGHER PROJECTIONS 4330 ++

WE ARE NOT DONE WE ARE GOING ... HIGHER LETS SAY IT TOGETHER

HIGHER

MAYBE NOT TODAY, LIKE I said last week - Wednesday can have some blood but .. WE are going higher

/ES 110 WEEKLY CAN GO ALLLL THE WAY TO 4600 AND NOT INVALIDATE

why pick a top .. what do they say about picking a top? ITS A FOOLS GAME

look at the 200/220 even shortest offset ..

YAWN

Napoleon Complex proved over and over.

STICKS AND STONES

stick it where the sun don't shine szulck

BUTKUS

fast3777
fast3777

The one question I have will the UST market continue down during this fall in stock prices....say to the October low? Too bad the Fed and the Government,Congress have "No" adults in the room. Just observation of fact. After all these institutions got us into this mess.

fast3777
fast3777

The Dow has formed a distribution descending triangle top which will thrust down soon. Then links up with the NDX in a 3rd wave down and with Japan futures.

fast3777
fast3777

StevenTexas said:

Front running into the Fed meeting has been the rinse and repeat since Powell stated in his December 13, 2021 meeting that assets were over priced. That is when I pulled the plug. I do a little swinging along the way now. We might see an investible bottom Sept/Oct and that won't be a long term hold either. This is a monster. Sovereign debt crisis and central banks and politicians trying to stay in power and stay relevant. We might see that massive low that has concerned Peter perhaps with the formal launch of World War III? Victoria Nuland and Anthony Blinken do not work for the American people. Too much politics? At least I did not flip my hair.

Yep,kind of scary considering the end of a 90+ plus year cycle and could go back to the South sea bubble @ 1720

fast3777
fast3777

StevenTexas said:

fast3777 said:

StevenTexas said:

Front running into the Fed meeting has been the rinse and repeat since Powell stated in his December 13, 2021 meeting that assets were over priced. That is when I pulled the plug. I do a little swinging along the way now. We might see an investible bottom Sept/Oct and that won't be a long term hold either. This is a monster. Sovereign debt crisis and central banks and politicians trying to stay in power and stay relevant. We might see that massive low that has concerned Peter perhaps with the formal launch of World War III? Victoria Nuland and Anthony Blinken do not work for the American people. Too much politics? At least I did not flip my hair.

Yep,kind of scary considering the end of a 90+ plus year cycle and could go back to the South sea bubble @ 1720

Anything is possible...we have to consider the US equity markets become a place for the "flight to safety" as all sovereign debts becomes questionable. IF conflict escalates, after an initial panic sell, I think the stock market goes vertical. FEAR will shove money into equities as the bond market will come under extreme pressure.

Well, you and I will know the answer very soon. Whether this C wave down is a five wave decline or takes the form of a A B C

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