Today was a solid follow-up to yesterday’s steady selling. SPX lost 4300 after losing 4500 and 4400 yesterday. The wave count matches the predicted selling intensity of a wave (3) just beginning its initial fury perhaps. If this is a “kickoff” of Intermediate wave (3) down, then at the coming worst spots of wave (3) the selling intensity will likely be above some of the days that occurred in the 2020 downdraft.
Technically speaking and sentiment-wise, there is nothing for the bulls to hang their hat on and say with confidence that this was just a 2-day dip. Selling intensity was highest today since the November peak occurred. Of course, we’ll have big bounces but that’s why we count waves.
Can you imagine the entire world aligned in extreme negative social mood? In addition to all the biblical end times signs I have been blogging about, the wave structures suggest a coming great collective negative social mood.
The Composite closed back into a bear market this week.
Junk debt broke lower today closing under its wave (1) low, a foreshadow perhaps of where the market overall is heading. A rapidly rising rate environment and trillions upon trillions of worthless paper promises make up the abominable global Ponzi scheme. You can’t cheat God forever.
Payment is coming due. Payment for the stolen money from future generations. Payment for killing 50 million babies. Payment for the promotion of wickedness in high places and low. It’s all coming due. And it will be paid for double in blood.
50 million times double = 100 million is only a down payment just for the dead babies we sacrificed to Moloch. And that is just in America….
The Lord is a terrible and dreadful God. I may be saved, but when Jesus comes in the clouds with all power and great glory with a long, loud, blasting trumpet sound and great celestial skyshows and earthquakes, even I’ll probably be crapping in my pants, and I want him to come because I’m saved.
Revelation Chapter 6 describes the events that will occur with the coming of the Lord:
12 And I beheld when he had opened the sixth seal, and, lo, there was a great earthquake; and the sun became black as sackcloth of hair, and the moon became as blood;
13 And the stars of heaven fell unto the earth, even as a fig tree casteth her untimely figs, when she is shaken of a mighty wind.
14 And the heaven departed as a scroll when it is rolled together; and every mountain and island were moved out of their places.
15 And the kings of the earth, and the great men, and the rich men, and the chief captains, and the mighty men, and every bondman, and every free man, hid themselves in the dens and in the rocks of the mountains;
16 And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb:
17 For the great day of his wrath is come; and who shall be able to stand?
It is not too late to get right with Jesus. It’s a simple free gift of grace. And once given, it will never be taken back (it’s a gift remember!) Just believe on the Lord Jesus, that he died for our sins and was resurrected 3 days later and you shall be saved. God didn’t make it hard for us. Romans 10:
Otherwise, you’ll miss the rescue of the saved that is coming and will face the terrible wrath that is surely to follow after.
