Elliott Wave Update ~ 22 January 2024

The system has been setup for collapse. Satan’s grand plan. I have been saying the bubble has already popped via the sharp interest rate rise. I’m certainly not the only one who sees what is going on underneath and behind the scenes:

The Great Taking – Documentary (rumble.com)

The 3 and 6 month yield. This has not moved low enough to justify any rate cuts. The market tells the Fed when to cut or raise.

The Chinese are not very happy at the moment. This is the kind of price action that can spark wars. Keep a close eye on it.

Elliott Wave Update ~ 19 January 2024

Well, there you have it the S&P 500 finally went to new all-time highs.

Global markets at an all-time high (some of them anyway) but the Chinese are not in a very good mood. War threatens over Taiwan. Be not surprised if it breaks out on or about 15 February.

This is a very long dated trendline and it has broken.

Elliott Wave Update ~ 11 January 2024

Yes, I am still looking for the second seal of Revelation – “kickoff” of global war – on or about 15th February 2024. So, until then, the market may burst higher in a final wave 5 of [5].

The squiggle count seems about correct. If the all-time high is taken out, then prices may burst higher in a shot of unbridled exuberance perhaps even running to trendlines. A “surprise” upside that causes ALL to get on board. And then global war kicks off and the rug is pulled from the global financial system and the final collapse is finally upon us. The entire world trying to exit the global markets “en masse” in one instant of time will be a spectacular sight to behold.

They must first destroy the old-world order so that they can build the new.

Elliott Wave Update ~ 2 January 2024

I’m back. Had a nice Christmas break and nothing of too much note that happened in the markets anyway. The SPX still has not topped its intraday previous high.

The S&P total index is sort of equivalent to the Wilshire 5000 which is not available anymore on Stockcharts. It has overlapping waves.

And obviously the Composite has quite a bit of work left if it is to match its all-time high. So overall the market is fractured and that probably is not a good sign.

The 30-year bond count has been very nice and an expected bounce for wave [2] is in play.

The Fed has yet to cut rates but when the 3/6 month yield will tell them when. At the moment not yet. The 3/6 month led the rates higher, it will lead rates lower if that is to happen.