SMC Update 6-7-23

06/07/2023


Comments (34)
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ericoh792283
ericoh792283

This is not bearish, this is just sector rotation that has trend of bull market. Just again and again full of negative narrative.

daniel039209
daniel039209

ericoh792283 said:

This is not bearish, this is just sector rotation that has trend of bull market. Just again and again full of negative narrative.

even though the market is climbing up all year, with small pullbacks, there will be NO positive narratives. The tricky part is; he wont be bearish enough if market breaks. NDX had biggest decline in months yesterday. And he had shown upside well above 15000 ndx the night before. and now we are focused on 10 dma. even though have been above for such a long time. Even though, he pointed out 2020" virtually rising all year- with a couple of pullbacks" -makes NO connection to this year. even though has been pushing the "long VIX and short SPY" since Jan 2023

jjay636
jjay636

please talk about projections that matter - iwm just invalidated 96/110 big time downside projection, regional banks rallying even with outsized daily move in rates higher - can't possibly be a bearish development

fast3777
fast3777

Market will follow Bitcoin. Sometimes the largest decline start at a flat open,this could be one. Bitcoin is in the 3rd of 5 of 5 down so the bias is heavily down, Good luck

fast3777
fast3777

Dow has a small 5 down...dow stocks almost finished with some degree of w2's.....I wait for a "break" if I'm right.

fast3777
fast3777

UNH is finishing it's w2 will enter 3 of 3 of 3, so I'm still looking for a market "break" YMMV

costello.mb233
costello.mb233

How bizarre is it that he's being trolled over discounting his own work. That the trolls are paying for the privilege to I might add.

fast3777
fast3777

Waiting patiently,almost done. UNH should hit 490'ish to finish it's wave 2 flat.

Last updated

ericoh792283
ericoh792283

Lol. Bears will get squeezed again today!

fast3777
fast3777

MCD McDonald's is another that will reverse down, MSFT also when finished. Not much strength here.

elchico714622
elchico714622

XXSPOWER127

You got tweeter or something I can follow u on. About the only one here that’s been speaking facts

XXSPOWER127
XXSPOWER127

Look at projections

NAPOLEAN SAYS

HIGHER

XXSPOWER127
XXSPOWER127

/ES

96 .110

higher !!!

4378

XXSPOWER127
XXSPOWER127

/YM

NAPOLEAN HANDS VERY VERY SMALL HANDS

HIGHER

fast3777
fast3777

elchico714622 said:

XXSPOWER127

You got tweeter or something I can follow u on. About the only one here that’s been speaking facts

No I don't, today is all corrective and at some point some degree of a 3rd wave will commence. This market is so fractured that when it starts down then it will "break" a old fashioned term. Then it will fly on auto pilot with Peter.

elchico714622
elchico714622

fast3777 said:

elchico714622 said:

XXSPOWER127

You got tweeter or something I can follow u on. About the only one here that’s been speaking facts

No I don't, today is all corrective and at some point some degree of a 3rd wave will commence. This market is so fractured that when it starts down then it will "break" an old fashioned term. Then it will fly on auto pilot with Peter.

Thanks!

fast3777
fast3777

This wave 2 is exhausted running on fumes.

fast3777
fast3777

Why in God's name is the VIX lower? That's some damn good powerful kool-aid everybody is drinking. You know why market crashes occur? When People's expectations change rapidly...out of the blue,reality hit's them over the head.

Last updated

dcarter8883312
dcarter8883312

TSLA Stretch Target 296.489 As Long As 221.91 Isn’t Touched. Perhaps won’t be met until around July 11th given Peter said no higher target than 254.05 possible until July? ~Dorothy

ericoh792283
ericoh792283

I also would join spower on his tweeter!

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