SMC Update Week Ending 9-4-26

I am very sad for Peter’s family He is now home with God 🙏 for his family Happy we got to see him one last few weeks ago

Sad news. RIP Peter. A great man, he will be missed. He's up there along with other stock market legends. Condolences to his family and you as well, Steffen.

Steffen, thanks for your update. Also, I like the format ( some fondamentals + projections charts)

Best

Alex

RIP Peter and sincere condolences to his wife and family

I can not believe that we have lost Peter. His courage during the difficult medical procedures and treatments was exceptional . He always smiled and showed optimism . I wish to express my sincere condolences to his family and pray his soul to rest in peace.

Im saddened to learn of Peters passing, i really thought he would be around for a few decades more. I met him once and he had a good sense of humor, you could tell he made people feel good in his presence..

Peter was a legend and seemed genuinely good person. Please send condolences to his family.

My sincere condolences to his entire family. He will be missed. As many other have said it here, he seemed like a genuinely good human being.

Hi Steffen, spx appeared to have pinned to 7666 for weeks. are there any indicator or ways to see when the market is pinned because of the mm hedging? the projections in normal days are great in predicting the next move, however we need ways to avoid the chopping session like these days and before earning reports before nvda for example. the market frozen before that and the projections do not function well. thanks

vincent.chan5198 said:

Hi Steffen, spx appeared to have pinned to 7666 for weeks. are there any indicator or ways to see when the market is pinned because of the mm hedging? the projections in normal days are great in predicting the next move, however we need ways to avoid the chopping session like these days and before earning reports before nvda for example. the market frozen before that and the projections do not function well. thanks

Hi Vincent. Is mm for market makers?

Steffen Scheuermann said:

vincent.chan5198 said:

Hi Steffen, spx appeared to have pinned to 7666 for weeks. are there any indicator or ways to see when the market is pinned because of the mm hedging? the projections in normal days are great in predicting the next move, however we need ways to avoid the chopping session like these days and before earning reports before nvda for example. the market frozen before that and the projections do not function well. thanks

Hi Vincent. Is mm for market makers?

yes. they seemed to be gamma hedging and as a result the spx pin to a certain point for an extended period of time and that seems to be legal

Very sad. We lost an icon. Been following him off and on since the 1970's.

vincent.chan5198 said:

Steffen Scheuermann said:

vincent.chan5198 said:

Hi Steffen, spx appeared to have pinned to 7666 for weeks. are there any indicator or ways to see when the market is pinned because of the mm hedging? the projections in normal days are great in predicting the next move, however we need ways to avoid the chopping session like these days and before earning reports before nvda for example. the market frozen before that and the projections do not function well. thanks

Hi Vincent. Is mm for market makers?

yes. they seemed to be gamma hedging and as a result the spx pin to a certain point for an extended period of time and that seems to be legal

From what I know gamma hedging is a normal/necessary part of the mm business. There is some Fuss recently about GEX, but honestly I havent had the time to look into it myself in detail. I have a trader friend that dove into it after I told him about it. When I have the chance to chat to him I can share what he learned.

the key thing is to find those period where the hedge would cause the index to stall with no movement. those are the period the hurst cycle do not perform. curious if you know any tool that would be of helpful?

Steffen Scheuermann said:

vincent.chan5198 said:

Steffen Scheuermann said:

vincent.chan5198 said:

Hi Steffen, spx appeared to have pinned to 7666 for weeks. are there any indicator or ways to see when the market is pinned because of the mm hedging? the projections in normal days are great in predicting the next move, however we need ways to avoid the chopping session like these days and before earning reports before nvda for example. the market frozen before that and the projections do not function well. thanks

Hi Vincent. Is mm for market makers?

yes. they seemed to be gamma hedging and as a result the spx pin to a certain point for an extended period of time and that seems to be legal

From what I know gamma hedging is a normal/necessary part of the mm business. There is some Fuss recently about GEX, but honestly I havent had the time to look into it myself in detail. I have a trader friend that dove into it after I told him about it. When I have the chance to chat to him I can share what he learned.

ı just saw this page and learned about peter has passed away ! I have been in contact with Him since 2015 ! I have bought his reports numerous times before this service has begun! He was very sympathetic and friendly man ! Peter i wish you all the best and eternal peace in your eternal life ! We will miss your smiley face and enthusiastic market commentary !!

Hi Steffen

on trading view there is a statistics table. That is great because i know the hit probability. May i know how much period of data is covered?

I see the projection only appears on the chart for a few years for example on spx. However the number of confirmed projections is way much higher than that. Which means the statistics table is covering something not shown in the projections actually drawn.

It will be handy to either (1) show the period that is covered by the statistics table, or even better (2) allow us to plug in the period for the statistics table.

And how do i know how much period is actually covered for now?

Please kindly advise. If you do not mind please also provide the contact so I can speak to you more directly on the improvements that would be beneficial.

Thank you very much.

Regards, Vincent

vincent.chan5198 said:

the key thing is to find those period where the hedge would cause the index to stall with no movement. those are the period the hurst cycle do not perform. curious if you know any tool that would be of helpful?

Steffen Scheuermann said:

vincent.chan5198 said:

Steffen Scheuermann said:

vincent.chan5198 said:

Hi Steffen, spx appeared to have pinned to 7666 for weeks. are there any indicator or ways to see when the market is pinned because of the mm hedging? the projections in normal days are great in predicting the next move, however we need ways to avoid the chopping session like these days and before earning reports before nvda for example. the market frozen before that and the projections do not function well. thanks

Hi Vincent. Is mm for market makers?

yes. they seemed to be gamma hedging and as a result the spx pin to a certain point for an extended period of time and that seems to be legal

From what I know gamma hedging is a normal/necessary part of the mm business. There is some Fuss recently about GEX, but honestly I havent had the time to look into it myself in detail. I have a trader friend that dove into it after I told him about it. When I have the chance to chat to him I can share what he learned.