SMC Update 7-25-23

From Twitter and I am using part of tweet; “ No one is bigger than the market. You have to be able to admit when you’re wrong. Allowing to pivot and try to make some $. Waiting until you're right after being wrong for this long isn't a win. “ Thinks exactly how I would describe stock market cycles approach toward market, projections, poking fun at AI. That somehow YOU are right. Not even close, my friend. Even if we have a deep pullback -6-8-9%. You will still have been “wrong”. Making money versus being right is what separates those who are right and profitable versus this “line is the top, XLK was the top -$171? -, an uptrend line from 1987 was the top, resistance lines 11-14% LOWER were the top”. Never right, never backing down.
Maybe cycles needs a re tooling. Didn’t it just get super bullish on TSLA above 285-290? The bear goes on.

Last updated 3 years ago

brian1469 in response to your 'what a dumb comment" Since March 17th weekly BULLISH ENGULFING candle, which i pointed out more than 5x and specifically to YOU in response to your "rolling your SPX put spreads till 2024" and i was saying "why, market is in major uptrend" that was in May? 10% min lower. Have quoted Peter Lynch for 6 months in here-" so much lost on picking top" So , don't come at me aggressively.

You WILL NEVER BE SHORT the whole way down. That was point. You will cover into support on first 2% dip. AFter losing 20%
WE WILL have selloffs coming, August is a counter trend month in years when the market is ripping. Saying "down move is coming" over and over and over- well one day , it will happen. Duh ! I will be scaling into shorts starting later.September/October SPX spreads. You, who have been short probably since Feb, unless you have unlimited $$$ cant possibly come in now and load boat and get max short. Dream on.

brian...for giggles i went back in video search: to late April 2023. You were short and calculating how the 'top was either 4099, 4125, 4143.44" And echoing Peters constant bearish " market has gone NOWHERE" thus it must go down.
My condolences to your being short for 400 spx points( good thing you dont trade technology. NDX up 3000 from there).
So, again DONT COME AT me with your crap. The end. I will not respond further. You do your best, I will do mine. One last thing" when he went to big CMTA meeting/award in NYC- his FRIENDS queried Peter as to "why so BEARISH? WHEN WILL YOU TURN?? '' Do you even recall VIX BULL calls for months? okay, thats it

Last updated 3 years ago

/NQ HAS HIGHER PROJECTIONS /VXX HAS LOWER PROJECTIONS

THATS ALL U NEED TO KNOW

11:55 am EST

brian1469 said:

daniel039209 said:

brian1469 in response to your 'what a dumb comment" Since March 17th weekly BULLISH ENGULFING candle, which i pointed out more than 5x and specifically to YOU in response to your "rolling your SPX put spreads till 2024" and i was saying "why, market is in major uptrend" that was in May? 10% min lower. Have quoted Peter Lynch for 6 months in here-" so much lost on picking top" So , don't come at me aggressively.

You WILL NEVER BE SHORT the whole way down. That was point. You will cover into support on first 2% dip. AFter losing 20%
WE WILL have selloffs coming, August is a counter trend month in years when the market is ripping. Saying "down move is coming" over and over and over- well one day , it will happen. Duh ! I will be scaling into shorts starting later.September/October SPX spreads. You, who have been short probably since Feb, unless you have unlimited $$$ cant possibly come in now and load boat and get max short. Dream on.

Why would I cover there on my spreads. That makes no sense.

The recession has just started and the topping out of the last couple years feels like it is finally happening.

I have no issue with you being long as I don't really care about anybody else's positions

All I'm saying is you could look like a complete fool being bullish here in a couple months. Nobody knows exactly what is going to happen so it does no good just constantly criticizing others and were they think the market is going to be.

daniel039209 said:

brian...for giggles i went back in video search: to late April 2023. You were short and calculating how the 'top was either 4099, 4125, 4143.44" And echoing Peters constant bearish " market has gone NOWHERE" thus it must go down.
My condolences to your being short for 400 spx points( good thing you dont trade technology. NDX up 3000 from there).
So, again DONT COME AT me with your crap. The end. I will not respond further. You do your best, I will do mine. One last thing" when he went to big CMTA meeting/award in NYC- his FRIENDS queried Peter as to "why so BEARISH? WHEN WILL YOU TURN?? '' Do you even recall VIX BULL calls for months? okay, thats it

Brian Couple months?? We might be SHORT by then The /NQ might be up another 3000 points U have that much suffering ability? On top of what Peter caused you already??

Look at the projections

Weekly is HIGHER .,

brian1469 said:

The NQ has a 3/4 and will get the 7/8 today on the daily's. The only weekly is 100/110 with a huge upside.

But we have seen how useful it is to trade short term around the 100/110 it doesn't help much.

I see absolutely no reason to be long the NQ here from the projections

But I'm aware that can change with a stupid FED spasm that we get here in a hour

BRIAN

A) YOU NEED TO DO DUE DILIGENCE AND CHECK THE /NQ FUTES COMPARED TO THE $NDX.X AND THE $COMPQ THESE ALL HAVE DIFFERENT PROJECTIONS FOR EXAMPLE - THE FUTURES HAVE PRELIMINARY 7/8 , Lower 3-5, HIGHER 1-2 HOWEVER $NDX.X NOTHING ON 1-2 $NDX.X NOTHING ON 7-8 NOT EVEN PRELIMINARY

$COMPQ MET THE 3-4

SOOOOOOOOOOOOOOOOOOOOOOOOOOO

WHERE IS THIS DOWNSIDE LOVEFEST?

brian1469 said:

Dow notches its 13th consecutive day of gains, marking the longest winning streak for the blue-chip index since 1987 https://twitter.com/cnnbrk/status/1684303243608727553

PEOPLE BEEN SHORTIN SINCE 7 DAYS IN A ROW LOLLLLLLL

IN 2044 THEY WILL SAY 14TH DAY TIED WITH LONGEST DAY BACK IN 2023 LMAO