SMC Update 8-30-22

Thanks Peter, excellent video. I'm seeing other techniques (an Elliott Wave guy who's very very good) that are pointing to a huge drop this fall, right down to where the projections are pointing around 3000. It would begin to accelerate down next week after a rally up to 4180 or so over the next few days to finish this week.
I think it would be a good public service if you posted this same analysis publicly on your YouTube Channel over the Labor Day weekend. In fact you could even just post this video publicly later this week since it's good enough. Lastly, in your next video update could you update subscribers on what's happening with TradeStation? Are we going to lose your "indicator" on TradeStation next month as you said a couple weeks ago? Will that be at the end of September?

I Googled it and found this: https://www.tradestation.com/tradingapp-store
Sounds like I'll be closing my TradeStation account on 9/30/22. Fine with me since your app is the only reason I opened an account with them and I like TD Ameritrade much better.

Peter, could you show the 100/110 offsets on the S&P 500? Is it possible to get large downside projections soon on that index the way it is on the NDX?

thanks Peter happy to see your handsome face again. Yes exciting times great update, let's see what happens.

Thanks Peter for sharing this. Could you do a short term bull case argument using the NDX or QQQ weekly chart using the offsets 7/8 and 12.1 / 13.8? This might support the Labor Day rally scenario before another larger move to the downside. Thanks

Peter you say a fundamental event could be associated with a huge drop in the market and you stopped short of saying what you thought may happen What are you thinking the event to be

Do these price projections have some sort of time projections associated with them??

email4anony22706 said:

Do these price projections have some sort of time projections associated with them??

I would also like to know as I do not have the software.

We would need a negative catalyst equal to covid or the 2008 subprime loan crisis to drive the market towards the 2020 lows. Where is it?????

Very interesting…. Thanks Peter

Thanks so much for the great update Peter. If you get a chance, take a look at Crude Oil / USO etc thanks!