Elliott Wave Update ~ 28 Mar 2022

COMMENTARY

This timely article via Zero Hedge is exactly how I feel about things, please read. “Gradually, …Then Suddenly!” | ZeroHedge

I would only add that the world is setting itself up for the return of Jesus Christ. There is no “fixing” things by man’s hands. The world is hopelessly broken. Everything is a massive fraud. A lie. Everything. Our financial markets, our medical system, our governments. They spray toxic chemicals in the sky on us constantly. They demand we inject our babies with poisons. They manipulate our food and water supplies. Our corporations are corrupt, the media is corrupt, the entertainment industry is a lie. I could go on and on. It is all set up for the return of Jesus. He will right every wrong, punish the evildoers, and reward the faithful. Oh yes, the meek shall inherit the earth you can believe that!

Zelensky is headed for hell. I am sure Putin is too. The western elite has pushed for this war, and I only suspect their ultimate goal is to get Russia to heel. To eliminate Putin and wreck Russia. Zelensky is the puppet of course. Or maybe they just want a world war. It sure seems that way. In either case, the end of times biblical prophecies predicts global war. Global war to tear down the current systems, and then the Antichrist and False Prophet comes on the scene to take it all over and “reset” in Satan’s image. Nations by then will gladly hand him power. One world government, one world currency (digital), and one world religion.

Christians better be prepared as we will have to face the Antichrist’s minions prior to Jesus’s return. I rejoice nonetheless and eagerly await the great reset. For just when Satan thinks he has won, Jesus comes back and will indeed reset this earth and not to the elite’s liking. They will feel God’s wrath.

THE COUNTS

A healthy wave (2). Approaching Fibonacci 61.8% on the Wilshire and 50% on the NASDAQ. DJIA approaching 61.8%. This is about when everyone starts squealing that the bears have no clue, yadda, yadda, yadda. I’m expecting the emails any minute. Even Cramer called the bear market over last Friday, but he is usually right for a day or 2 or maybe a week. I am still thinking about April 6th is when this wave tops if not before then.

The higher end retrace has the WIlshire backtesting the brokjen neckline at about 47,000.

Short term rates still climbing. The Fed is already a full .25 point behind the market (the Fed rate is running at about .33) and the next Fed meeting is not until 28-29 April. This is why they hinted they may have to raise rates 1/2 point at the next meeting. Of course, if things get really out of hand, they could make an emergency rate raise prior to that