The primary count is that the market is working lower to form an overall initial impulse 5 wave count. The SPX is the best index for illustrative purposes. It has a very different starting peak than the Wilshire 5000.
Overall, for the Wilshire 5000, the bigger picture projected for the next few months is a collapse in prices. The theory is that if Intermediate red wave (5) was indeed an extended, ridiculous wave structure built on leverage and retail buying, the pattern predicts that a swift retrace of prices to beneath where wave (5) started would be the next wave structure (which has begun). This following chart shows that potential.
The green down channel represents the acceleration channel of a wave 3 down move. For now, I painted it wide to give the benefit of the doubt for the market as there may be a more violent bounce than so far has happened. Note how the collapse in March/April 2020 was also very steep and (even more) narrow. It is an example of how fast the market can move to the downside. I am not making any predictions for now other than we have to rely on the wave structures as it goes.
However, as I said, if the market was in an extended (5), expect a swift collapse in prices. It would be an approximate 33% down move from absolute peak for the first Intermediate wave (1) down. Wave (5) up was built exclusively on retail and extreme market leverage so extreme leverage works the same in reverse and usually way more deadly. Again, note the steep, fast 2020 collapse in prices which everyone has forgotten apparently. Therefore wave (1) down will basically be a retrace of wave (5) up and a little more for good measure. That’s the theory anyway.
A reminder of what we are up against. NANO-MAN (deep nasal swab tech, radiation, injection tech, Borg assimilation) (bitchute.com) The vaccines are the primary bioweapon. Very good film recapping a lot of what we have learned over the past year. The thing that really stands out is the graphene hydroxide part. Razor blades in the bloodstream. “Transhumanism” is way overrated. Yet they really are injecting lethal, debilitating, infertility-producing poisons into billions, nonetheless. Killing and maiming is what they are good at.
But it’s not just the vaccines. They spray the skies with poisons. They poison the food supply for example when all cattle are injected with poison “vaccines” and other agents. And the water supplies have toxic chemicals such as fluoride. No wonder the global elites are mad the population of the earth just keeps growing anyway.
Is there one global cabal responsible for all these evils? I think we give too much credit. The world is a mess. Each individual will be judged by God in the end. If you are actively participating in truly evil deeds, you will be judged accordingly. Ultimately only through Jesus can anyone be saved. And he is surely coming back, hopefully within my lifetime.
If we are starting the great 7-year tribulation/wrath of God period, it requires world warfare. It requires a global financial system collapse. So far all is calm although the recent market disturbance may be the beginning of a far greater calamity to come that triggers global warfare. But at the moment, there is little warfare in the world compared to the amount of population on the earth. A collapsing global financial system might do the trick. Is that what they want? Like I said, we give the global cabal that runs the world too much credit.
The global elite are largely paranoid individuals. Sociopaths and psychopaths and none have a relationship with Jesus. In fact, I would speculate almost 100% are reprobates and have thoroughly rejected Jesus and can no longer be saved because God has rejected them as a result of them rejecting God. The sociopath global power banker doesn’t give a crap what the person running the top-secret geoengineering program is spraying into the skies. Klaus Schwab probably hates Hillary Clinton but nonetheless will use her like a cheap whore if it suits his agenda. Pfizer CEO Albert Bourla may only care about money for all I know. Or he could be a secret agent working for Mossad to bring about the Jewish “messiah” (Antichrist) to power so the Jews can rule the world finally. And who knows what sexual perversions Bill Gates has done over the last 20 years, maybe that’s all he wants and is his only motivation. And on and on it goes. Each individual doing his or her own part and they all have one thing in common: They are reprobates and they have rejected God and have signed on to the devil’s work for their own power and glory or for whatever perverted reason.
And reprobates tend to abuse minors or children for their sexual gratification. And reprobates would willingly have sex with an animal if push came to shove. And they have little regard for human life. Many have likely participated in devil cult worship and rituals. These are the people who run the world. The devil has bought and paid for their souls. It’s mostly a perverted sex cult as it always has been throughout the ages. Like I said, we give them too much credit for being “clever” and powerful and full of “plans”. But they have no power in the end even if they don’t realize it yet.
Really the only entity that knows the entire evil plan is the devil himself. (And of course, God). It is the devil trying to bring about a one world government, a one world currency, and a one world religion. These things need to happen and as you can see, a global power banker may have nothing in common with a global power religious cult leader or politician. Sure, their paths cross sooner or later. Each is doing the devil’s agenda. A warmongering 4-star general may go to war advancing the devil’s overall plan, but he is ignorant of what the bankers are doing or the secret societies performing blood rituals. Or they may intersect at many places or only some. It doesn’t matter. They all have their part to play. It is the devil who is orchestrating the overarching end game.
And in the end, the devil will turn on all as he hates humanity down to the last soul. Corruption and then destruction of the human spirit is his goal.
I had a point in this, but I am wandering in thoughts here. The bottom line is if you are saved to Jesus, you are mightier and wiser than all the global power elite combined. Never forget that. Thats why they fear you. That’s why they hate Jesus. Deep down their puny little minds somehow sense that is who will defeat them in the end. They don’t know it yet or can even comprehend it. As they have no spiritual discernment, they could read the Book of Revelation 100 times and not get any of it. They are completely ignorant of their roles in end times events as a result. Hard to believe, but true.
Again, we give them way too much credit.
THE COUNTS
From an SPX standpoint, it would be better if the market made a lower low forming wave [i] down proper.
A couple of count versions using the Wilshire. So far, this makes more sense as a wave (iv) than a wave [ii]. But I included both counts.
3 intraday reversals bear days in a row. The market probably just experienced a min- “third of a third” down. My attempt here at a squiggle count shows why this may be a “mini” third wave down. The Wilshire 5000 is now clearly impulsing down.
The following chart is a bear market wave thought process based on the extended wave (5) pattern to peak. The theory holds that prices will plunge back to beneath where the final wave (5) started which is just below wave (4). The bigger “oh shit” moment would be [iii] of 3 of (1) down. And specifically, within that structure wave (iii) of [iii] of 3 if you can imagine.
The VIX is still somewhat settled. No panic yet.
DJIA pattern at a key trendline.
And the NYSE is just getting started.
The Composite is now off 15% from absolute peak and clearly lost key support at and above the 14,000 range.
Finally, a print of .82 which I remind you is still biased more bullish than bearish. Not yet reached my panic line for the daily CPCE readings.
Short term head and shoulders target may be where [i] of 3 is eventually marked. The Wilshire daily is oversold for the first time since the panic in early 2020. An oversold market is where the danger can be as it can outright crash.
The Wilshire 5000 has broken its ascending triangle pattern. This is a bearish development. The NASDAQ is more than 10% off its all-time high. Things are heating up. The covid narrative is waning, as even Boris “Knucklehead” Johnson is promising an end to all COVAIDS mandates. We’ll see about that.
The COVID narrative may be waning which means the financial collapse scenario will likely be rolled out here shortly. The global cabal can no longer panic the world with covid how about a good old financial panic? Its primed and insiders have been selling for many, many months at quite a clip.
At the moment, the best count remains the extended (5) for the Wilshire 5000. I know I kind of gave up on that a bit as blue Minor 2 almost made a new high, but the early November high has held. Now all we need is some panic to the downside.
No panic at all in the VIX and the CPCE is primed for upside finally.
I had the Nikkei topping and then it developed this strange contracting triangle pattern where it has no business being and now the triangle is broken which is bearish.
Both the Wilshire 5000 – the total market – and the Nasdaq Composite quietly have now closed today at their lowest since Oct 13th, over 3 months ago.
The most bearish count is below. The market is perhaps at critical spot on the verge of “surprise” downside prices – i.e., “3rd of a 3rd” down. Just think of the Wilshire 5000 as a head and shoulder pattern and the neckline is in danger of breaking.
NYSE counts nicely as “finished”.
GDOW count. One more blip?
Long term upper channel line on the Wilshire was closed under today.
Well, channel lines can be finicky.
Isn’t it amazing that the entire world’s bond market moves in near unison (along with the stock markets). This is strong evidence of social mood theory aligned on a worldwide scale. And yields are finally on the move again – up.
And the 3-month yields have ticked higher. This is the REAL chart that controls whether the FED will raise rates or not. The FED follows, not leads. They are NOT in control of anything.
Silver. It would look great if it finally broke higher into the $40’s. Solid support in the mid $20 range. With inflation roaring, I am surprised this hasn’t taken off yet.
I remind that the Wilshire 5000 topped on 7 November, a full 2 months ago. The most bearish count is below. Although I seemingly gave up on the idea of an extended (5) for the Wilshire because of its persistence, the count is still valid at the moment.
And weekly, since the beginning of the year, its 2 down weeks in a row.
This is the alternate count (or primary if it breaks to new all-time highs) and the price action is range bound as if in a triangle. But many other indexes had broken higher such as the SPX and DJIA and GDOW and NYSE.
The black line is the long-term upper channel line
The GDOW is stretching its legs.
COMMENTARY
The illegal Biden regime had a huge win at the Supreme Court yesterday over the vaccine mandates. All the fake “news” media says it’s a loss for the Biden administration, but the health care mandate was upheld. It gave them a solid foot in the door for further infringement on constitutional rights.
Simply said, the precedent that the government can tell you what you must put in your body has now been set in stone. Huge win actually for the evil people.
All is intact. The GDOW made a new all-time high today.
If there is more “upside surprise” in store, we can probably say that Minor 1` and 2 of (5) has played out on every index we assign this pattern too. Therefore wave 3 of (5) is just underway.
The Wilshire 5000 is still in an ascending triangle type pattern. Until the key wave marker breaks, there is not much else to say. This supports the view that the market trudges on a few more months.
Actually, the key bearish wave marker is probably blue “C” of (4).
GDOW looks interesting. It is no wonder that all the world’s market rises and fall together. It is headed toward a one world government and one world financial system. In effect, it already is.
The Covid dystopia marches onward. Key Supreme Court hearing soon. I predict they will cave to the globalists.