I am glad the market quickly recovered from my last post and launched to new all-time highs. This keeps the wave structure honest. The primary count is that Minor wave 3 of (5) is underway and this implies some more upside until it stalls in a sideways wave 4 and then final 5 of (5) of [5].
As I suggested in the last post, if the market was not finished, it would likely take a few more months. We are likely to hold up until election day or near election day to complete the overall massive wave structure since the 2022 low. It’s starting to get interesting again, and I’m likely to post a lot more.
I hope the final few Minor waves plays out as advertised that would neatly wrap things up. It is hard to argue the overall count of this structure. There really is not much nuance in it all. The DJIA agrees with the SPX. The Composite however is lagging a new all-time high which is not a bullish sign.
Of course, China is in complete disagreement. They are approaching a foul low in social mood. This could of course bring war with Taiwan.
The bond market is already signaling another potential .25 basis rate cut.
And of course, the long awaited 30-year wave [2] seems to have finally blossomed.
Well, I’m posting tonight because perhaps we have a significant day. As you can see from my post a month ago, I was anticipating a new all-time high and that has occurred in many indices including the DJIA and the Global Dow for instance. But the SPX has come up about 20 points shy of a new intraday high.
CONCLUSION:
The wave structure is sufficiently developed to consider a top is in and that the final 5 subwaves have unfolded. However, there is certainly alternate wave options to continue higher. I will say this: If the wave structure is not complete, it is likely going to take a few more months to do so. This is partly why I haven’t posted much. The market has become boring. Yet at the same time, the recent sudden and historic VIX spike in August should be concerning to bulls. The market is just looking for a reason to throw up and dump for good.
Primary count is that we are in corrective Intermediate wave (4). It might take time to sort out its bottom. But then a late year rally or new year rally to take it to newer all time highs.
The top alt is of course the top is in.
The DJIA supports this view
Emergency rate cuts is in likely. The 3 and 6 month yields have already fallen below the Fed Fund target window proving that the market tells the Fed what to do. A 1/4 cut is in store perhaps within a week. I’m sure the Fed is waiting a few days to see where this is going.
The primary count is that wave Intermediate wave (3) of primary wave [5] has topped. A significant decline to intercept the price top of the previous wave 4 is the best count.
The most bearish count is that the final top is in.
I dunno, the Roaring Kitty event on Friday was just too weird. I agree with this article suspecting that may have been a local “top”. (or even a final top)
And we can see the subwaves seem to be mature. We have enough waves to make a good count. Could be due for a 350 point+ pullback.
The top alt count is that this is indeed a blowoff top. If we have a sudden acceleration to the upper trendline, and possible overthrow and prices go above, that is suspect that we are nearing the end.
Finally, some confirmation of an updated wave count. The primary count has the market holding up above the 2021/2022 highs. They probably let Trump win and unleash the forces of evil and bring down the global financial system then after he wins. To place all the global blame on him and his followers. Seems about right.
The alt count is that we are in a blowoff top. Could be exciting.
I haven’t posted much lately I know but for two reasons:
1) Having predicted that we are in the last days (yeah, I guess join the club huh?) I was tired of seeming to be a cheerleader for WWIII. For that is truly the next prophetic event on God’s end time timeline, not the false pre-trib rapture which is of the devil. Now don’t get me wrong, I do believe in the 1st resurrection/rapture, but I take the post-trib/pre-wrath position of that of the “new” IFB. Which means we go through the 7 seals which is the wrath of Satan and his minions, his reprobate children of the devil. You can find a good film explaining it here:
And while you’re at it, I’m non-dispensationalist, non-Zionist (most of you have figured that out). I loathe the “Judeo-Christian moniker and reject it completely I want nothing to do with wicked Judaism!
2) The market has been in a tight uptrend – and somewhat boring – and was just waiting for the waves to unfold a bit more. Today was a noticeable turnaround day, so it’s appropriate to see what the squiggle count might be.
From a monthly view, we see the overall very long-term count.
From the daily. This count supposes that the extreme wave 3 of (3) of [5] up is almost over, and the summer/fall will be very choppy tracing out Minor 4 and (4) and culminating in the final drive to (5) of [5]. But that the market will generally hold up until the election and perhaps finally fall apart. The key is that the top of prior wave [3] (2021 high) is tested and holds. This is about the 4800 range.
What I don’t like about this count is that global war seems to be indeed on our doorsteps and time is a factor. But if the world can manage to keep muddling before Satan’s final provocation, we have to consider it.
And finally, the weekly count shows the top alternate is that this move up has been an extended wave (5) of [5] and we are in the “blow-off” top phase. If global war is triggered within the next month or so, this could be a winning ticket.
THOUGHTS ON GLOBAL WAR:
Anyone reading this blog over the last few years knows I have been predicting the Ukraine war would go on. I also predicted China/Taiwan would be a war. That has yet to happen (but seems destined). The 3rd conflict I was not sure but speculated Iran, etc. I did not see the Gaza/Israel war coming and it has ramped up to almost a regional Muslim/Jew conflict. Obviously, Iran is now squarely front and center. I expect them to announce they have the “bomb” sometime before this year is out.
So, we are still in the opening chess moves and the middle game seems about to commence. The world is growing darker.
The Book of Daniel prophesies that the Antichrist – the beast – will subdue 3 nations of the final 10 at the end times and overcome the saints (believers of Jesus Christ). I have proposed the 10 end times nations are the nuclear weapon nations which are currently nine: US, UK, Russia, Pakistan, India, France, North Korea, China, Israel. If Iran declares having nuclear weapons, I believe that will fulfill the 10th nation.
The 3 nations that need subdued are probably Russia, China, and then either Israel or Iran, I’m not sure which. Whatever it takes to get all the global nations to be on board with the New World Order. Whoever is not doing the will of the Great Whore – Babylon USA – to form the NWO.
My prediction is Russia, China, Israel need to be subdued. It is Israel, which is trying to bring in the Antichrist, their Messiah. Iran is trying to bring about the final prophet. Foolish Christians are looking for the 2nd coming of Christ and are fooled by dispensationalism and Zionism and the false pre-trib rapture. It’s going to be a rough ride this year.
The most important thing is to get saved to Jesus by believing he died for your sins.
Well, nothing of note today. This is not a date that is based on any biblical thing, this is the date I used to gauge whether or not an Armageddon (Jesus’s 3rd coming) would occur in Sep 2028. Extrapolating backwards this was a date I picked that I judged that if we have not seen the second seal of Revelation just yet – total global war – then 2028 is not the year. This is based on my 2520 biblical interpretation prophecy. And I could be wrong in that maybe the world takes another 1 month to break out in war. One thing for certain, they sure are trying, yes?
But the 2520 prophecy IS based on a mathematical relationship between key dates based on the bible. And by my estimation, it does have a 3-year window: 2028 -2030. My preferred year based on many things studied is Sep 2028 Armageddon. The next preferred year is Sep 2030. In any case, in all instances, if true, this means we are in the “beginning of sorrows” for any of the target years. So, in that regard we are looking for the second seal in all cases. And if it takes 2 more years then so be it. And if the stock market climbs to eleventy billion, so be it. Those who are rich will hardly enter the kingdom of God because most people of wealth rely on themselves and not Jesus.
I warn of global war, a one world currency, and a one world religion (Satanism) because that is what the bible teaches will happen at the end of the world. The bible teaches the New World Order will form. And Christians will be persecuted and overcome. And anyone with any common sense who follows financial things can see these things happening. So take heed and get saved now!
https://www.youtube.com/watch?v=jDkHWgPDRRE
I have written a long essay on end times, and I will explain this 3-year window of the 2520 prophecy this weekend. Stay tuned.
THE COUNTS
Still trying to adjust the squiggles, this is such a quirky, sharp wave structure that has only gone up. And since it still looks wonky, it’s likely not done yet, there is little resistance for the total market and prices.
