The same two “bullish” counts from yesterday’s – [ (ii) or [ii] ] – count applies if we get a ramp upwards in prices, perhaps a “last hurrah?”. However, prices have decidedly closed beneath the thin red neckline, so I have highlighted the most bearish count below.
Again, overnight futures may play a determining factor as sometimes they do.
This chart really does tell the overall story. The 40-year bond bull market is over. We have entered a new era and it is not optimistic.
This may be wishful thinking, but did the Chinese market just crack? Plunging social mood = war.
Prices worked a bit lower and touched/tested the clear trendline – which is a sort of neckline – that has developed on every index. Therefore, if prices are going to bounce yet again, it’ll probably be from here. If the market loses this neckline, prices are going to test (and eventually exceed) the June wave (1) low.
Therefore, the squiggles support two bounce options within the realm of wave counts from here. Pink pathing is for Minuette (ii) a subwave of [iii] of 1 down. Green pathing will close the huge open chart SPX gap in an upward 3-3-5 expanded flat Minute [ii]. This will be based on some sort of “good news” event (maybe the railroad strike is avoided). Or maybe no news at all which is how waves work anyways.
The super bearish option is that overnight futures drop solidly lower through the neckline and the open tomorrow is a bloodbath and we begin to approach the June lows with market losses exceeding the minus 1300 Dow points of the other day. Wouldn’t that be gloriously fun? Railroaders going on for sure strike Friday would be the “news excuse”.
From a mechanical/sentimental market standpoint, certainly prices are much closer to the June low than the Nov/Jan tops. People’s mood is shifting, and they need the cash, inflation is rampant, credit card interest rates are skyrocketing. The option of draining 401k’s and such after seeing them lose a lot of money to wave (1) June low, recovering a lot in the recent (2) high, and then down, up and now down again…at what point do the prudent (and broke) pull their money out of the market in a beginning panic fear? (Probably not many at this point in time)
Regardless the overnight futures may or may not control what happens with this neckline. Does it break in glorious overnight hard down future action with a panic open? Black Friday?
Or will they jerk it up with the algos on some perceived “good news” event? Should be fun either way. It just seems we are at a temporary inflection point and I’m glad I am a spectator to it all.
Well, that face-ripper occurred just at the spot where it makes sense – the beginning of the primary wave count of [iii] of 1 of (3) down. Things really don’t get heated up until [iii] of 3 of (3) down, so we still have some counting to do. For context, here is the 2008 impulse wave down and where we compare. It’s not a perfect compare, but you get the idea. 2022 is running a bit hotter and more violent on a daily basis. But I’m just guessing on that.
A continuation-type head and shoulder pattern? A break of the neckline would make the target of the pattern beneath the price low of (1).
5 waves down today. Due for a bounce wave (ii).
Yields. A 3/4 hike is certainly baked in if rates were to be set tomorrow. 1 point if the 3-month rate rises a bit higher. There is a probability that the 3 month/ 10-year yield inverts.
Heck, it would be quite a feat if the entire curve inverts from 3 month all the way to the 30-year yield.
10-year price new lower low target almost reached.
And 30-year prices are nearing minimum wave (5) target.
What would it take for a rush back into bonds both long term and short term? The entire curve is due for the biggest bounce since the bond peak.
A stock market crash perhaps would spark a rush back into bonds and stocks/bond “asset” correlation disconnects for a while? Just a thought.
Of course, it’s all a big Ponzi scheme don’t forget! There is a “Ponzi-type” sentiment that exists, and it is this: Once a Ponzi scheme is recognized for what it is, it can drop to zero despite extreme negative sentiment readings.
In other words, a Ponzi scheme doesn’t have “BTFD” due to overly bearish sentiment readings. It pretty much unravels quite quickly.
Kind of like our 100-1 leveraged bond market where a ‘liability” can be counted as an “asset” depending on what side of the ledger you put it on. But if the counterparty can’t pay, the “asset” becomes liability on both sides of the ledger.
And don’t forget the gargantuan derivative market, particularly interest rate derivatives.
Everyone thinks the Fed will be forced to “act” eventually and “pivot” as if they can control the markets. (They cannot). But the real question to ask at this stage of the coming New World Order, do they want to act or have any authority left to act even if they wanted?
Satan is in control and has so conditioned the masses into thinking the Fed will rescue the markets that people will ride it all the way to the bottom to their doom. I cannot think of a better lie that has been told over and over for decades. Condition the people into thinking the system can and will be “rescued” in time of trouble when the multi-decade devilish trap has been actually sprung on the unsuspecting middle classes and their 401K’s.
Everyone has a sell point. Everyone. But if the masses have been conditioned to “hold on”, again, it’s the perfect trap to wreck the last of the middle classes in this world.
You cannot have a “New” world order if the “Old” world order is still functioning and constantly “rescued”. Powell is under the control of bigger Satanic forces at play. They must collapse the old system to be able to usher in the new once the global financial collapse triggers a global economic typhoon the likes that have never before seen unleashing supply chain halts, wars, and famine. The world is only ever 10 meals away from life threatening hunger.
Total daily volume on the Wilshire 5000 was less than the previous 2 days. And the 6th or 7th lowest volume day of 2022. Still a big vacation week of the super-players. Monday, the gloves come off.
So, despite the gap and go open, real conviction in buying stocks is not yet super evident. At some point, a major world event (like a new war) over the weekend and market players will awake Monday to a down-limit situation. I’m not saying that will happen this weekend, but at some point, it seems inevitable.
Wave (c) = (a) of an (a)-(b) -(c) 5-3-5 zigzag corrective wave [ii] almost perfectly. Minute [ii] pink window box shows a wide range of possibilities. The minimum wave structure and price, however, has been met.
3/4-point hike is definitely on the table as of this moment. It won’t take much more to pop the global Ponzi once and for all.
The lowest volume week since the February 2020 top and I realize it was a holiday shortened 4-day trading week, but there have been other 4-day trading weeks in that time.
Well, September 8th has come and no global war breakout – as of just yet. But a curious thing happened “unexpectedly” today nonetheless; Queen Elizabeth, Chief Satanist High Priestess Witch of the Underworld on Earth has died after over 70 years of rule as Queen entertaining Satan on occasion at the House of Rothschild in England.
Or was she sacrificed to Moloch?
70 years is an extremely prophetic number of God. Satan likes to “copycat” all things in the bible.
Yes, I’m having fun with things, but she has surely descended into the lower parts of hell to be tormented day and night. She was reprobate on earth, twice dead while still “alive” in her earthly body having lost her soul and given over to Satan many, many decades ago.
I really do think she was one of the key chief Satanists ruling behind the scenes. Certainly, her husband Prince Philip, who died last year after an unnaturally long life (for being an inbred) was indeed a chief architect of the coming New World Order and a hater of humankind. So, it is no insignificant thing that she died on September 8th, a day I was watching for something weird to happen.
As far as 70 years of time in the bible there are 2 biblically prophetic time periods that use this number: 1) The 70 years of captivity of the ancient kingdom of Judah to Babylon. 2) Daniel’s “70 weeks of years” of which I have proposed that we started 28 Oct 2021. (The year Prince Philip died).
The Queen’s 70 years of reigning has covered almost the entire period of the modern impostor wicked nation of Israel birthed by Satan and the United Nations in the year 1948. If Satan is “copycatting” Judah’s captivity in the Old Testament, this would mean that the fake nation of Israel is now, once again, “free” in the eyes of the Satanists that rule this earth and worship Lucifer, the Devil.
Yes, I am speculating, but the 70 years is uncanny. Perhaps the Queen had power, given by Satan, over the global Jewish-led cabal and the Kabbalistic offshoot Freemasons and harbored ill-will toward them and retarded their global NWO machinations. The cabal that wants to “get on” with getting on and subjugating the world for the sake of themselves and Satan to form the one world government, one world religion, and one world currency to rule us all.
Perhaps, the queen simply didn’t want to give up her sovereign power and peace in old age. Perhaps it took her death to “unleash” the coming literal hell on earth.
But yes again, I am having fun speculating on the deeper meaning of a 96-year-old wicked reprobate queen of the ancient nation empire of the United Kingdom, an often-overlooked major player nation in the grand scheme of the coming 7th Babylon empire, the New World Order. A key nation, 1 of the proposed 10 of the end times (those that possess nuclear weapons).
And of course, Daniel’s 70th week prophecy. She died within the first year of my proposed timeline of Daniel’s 70th week. A prophetic 315 days into it.
Very curious indeed. Her and her evil dead husband, expired in 2021 (he was 99) and 2022 (she was 96).
THE COUNTS
Minute [ii] is still the call. I’ll look either foolish or brilliant. I don’t care.
Tomorrow is Sep 8th. I’ve had my eye on this date for quite some time. It is the proposed date of the Second Horse of the Apocalypse in which the second seal is opened of the Book of Wrath in Heaven and here on earth peace is taken away by Satan who rules the mortal world.
3 And when he had opened the second seal, I heard the second beast say, Come and see.
4 And there went out another horse that was red: and power was given to him that sat thereon to take peace from the earth, and that they should kill one another: and there was given unto him a great sword.
So, we have that going for us to watch for.
In any case, I am not dogmatic about this prophesy chart timeline. (Kind of like my wave counts LOL). The bottom line is this: If expanded global war does not break out in the next few months – certainly by the end of 2022 – then I am probably wrong about this timeline chart.
Again, my proposed Antichrist is Volodymyr Zelenskyy. He meets the qualifications so far: 1) he is Jewish. 2) he is “speaking great things” 3) they all pledge fealty to him 4) he is a warrior-rogue figure 4) He is not of the 10 final nations of the NWO making him the “little horn” of the Book of Daniel (I propose the 10 nations are the 10 nuclear weapon nations of which there are currently nine).
So, he must start rising in power and global status very soon according to my timeline. A “win” over Russia, any kind of win, a military or diplomatic win will greatly enhance his stature in the world. People laugh at him now – just like imitating David and Goliath (Satan plagiarizes the bible stories) and he is certainly the underdog.
But if he is the “real” Antichrist of Revelation, he will win and eventually in time “all will be amazed”. Revelation 12:
4 And they worshipped the dragon which gave power unto the beast: and they worshipped the beast, saying, Who is like unto the beast? who is able to make war with him?
5 And there was given unto him a mouth speaking great things and blasphemies; and power was given unto him to continue forty and two months.
What really freaks me out is Zelenskyy is so fevernly militant and speaks great “victories” as if he took lessons from “Baghdad Bob” (who remembers him? – bah probably not many of you!). But I know better and keep my eyes on his every move.
Besides, Putin is probably “in on it” as a card-carrying WEF member and his task is to wreck Russia for the sake of the Devil and the New World Order. It certainly seems like it. Everyone expected a “win” months ago and Russia seems to have lost the offensive.
We shall see.
THE COUNTS We’ll call Minute [i] low, channeling works very well with price lows of waves one and three and two and four connecting nicely. The “last hurrah” above 4000 SPX?
The world is SO FUCKED and everyone knows it. Sorry for the language, but it seemed appropriate.
The target window for [ii], I only expect a price rise above (iv) of [i] at the least so the box sits below the 38.2% Fib which I normally don’t do for the sake of a wave two.
Yesterday’s post it was explained how Minor 1 of (3) is meant to advance prices beneath (1) and this is how we determine the projected subwave count. It looks bearish if this is correct.
Waves 3 and 5 of an impulse (1) can often be used to make a trendline to project the higher degree price of wave (3). Thought I’d show this, i’ll look brilliant if it comes to pass. You know, “a kid and a ruler” (you know the thing that makes straight lines, the engineers use the word “scale”)
NYSE was due for a bounce.
Right now, the projected rate hike definitely leans toward 3/4 point. But we may be approaching the top of a wave (1) after the hike or even before so we shall see. A market panic plunge may be what drives people back into short term bonds of which the pace of the rise in rates has been historically steep and quick.
10 year note price count not quite reaching a new low yet for wave (5)
We are still looking to confirm Minute [i] of Minor 1 of Intermediate wave (3) down. That is the best count for now. Trying to predict bounce waves in a wave (3) down could be a futile effort. But still, that’s why we count squiggles. This wave structures seems more fleshed out than the count from last week. If so, wave (v) of [i] should finish tomorrow.
Sentiment is strange at the moment. It sort of feels the same as just before the Russia/Ukraine war. And then when it happened on February 24th, the market plunged, closed much higher, and went on to rally in Minor wave 2 of (1). Could be a similar setup, “bad news” happens, market plunges to form Minute [i] low and then a sharp rally that retraces a decent portion of the recent pivot top, but eventually dies out because there are still plenty people who will want out of this market even at marginally higher prices from here.
If the above is the scenario, Minute wave [iii] of Minor 1 of (3) will be a more intense selling wave. A bit of a “panic” wave.
Anyways, just a thought I had. Isn’t the stock market fun?
The decline so far since (2) has been sharper than the rise to (2). Helps give credence that the count is (3) down overall. Remember, the objective of Minor 1 of (3) is to advance prices lower than (1). And since this is projected to be a very harsh bear market, prices could be significantly lower. This is the reason to look for the first subwaves [i] and [ii] of 1.
I was trusting that the internal market data of the NYSE, would prevail and it has certainly so far. After the 10-day very rare negative thrust event, the 30+ day effort to climb higher fizzled out and selling took over near the same spot and producing a 13-day negative event, which is another strong signal that helps reinforce the first negative event.
Regardless it’s a herky-jerky market. These are not small waves…
The primary count is that Minute [i] of Minor wave 3 of Intermediate wave (3) down has reached its price low in today’s SPX low of about 3903.
Therefore Minute {ii] up will commence and it could be yet another market-inducing vomit that squeezes higher in low volume based on market mechanics.
A solid break of wave “A” which means the rise to (2) was indeed “corrective” 3 waves overall: A, B, C.
This seems the best squiggle count for now and assumes a temporary low is in place. I ran out of chart room for wave [ii], so don’t assume wave [ii] occurs that fast in time.
The wave count on the 3 month note suggests the rise in yields will lose momentum in a first wave peak. Then a pullback which may result in the Fed reducing rates for a little bit and then acceleration to higher rates than what was experienced in the early 1980’s. The financial system survived in the time of Volker because it was not yet leveraged 100-1 like it is now.
Working its way lower. The DJIA has major overlap ruling out an impulse wave to the upside. Junk is leading lower. Europe is getting hammered with skyrocketing energy bills and businesses will be forced to close (but that is what the elite want).
The Demonrats are trying to instigate civil war with the MAGA Trumpsters. At some point in the distant future, the targeting of the right will become the targeting of Christians. Stay out of it all! The Antichrist will rise to power first and his demon armies will WIN is what the bible predicts. Christians LOSE and enter in great tribulation, and many will be killed. But Jesus comes back and raptures us 70 – 75 days after the Abominations of Desolations.
So, we have that going for us.
NYSE another negative breadth thrust event at the same levels that I predicted it would happen. 13 days is pretty bearish on top of a 10-day event.
