The following chart uses the Wilshire 5000, a better indicator of waves in my opinion, for the squiggle count since the April 2025 lows. Just looking at things objectively concerning the “best” count, the following chart is perhaps where the market stands as of today.
Please note the big “push” in later August to kickoff Minor wave 5. The channel has been obeyed. But objectively, the wave count points to yet another high coming.
So, Friday the S&P 500 gave lip service to “666” by finishing at 6664.36. Today, it’s corresponding ETF, the once very popular “SPY” finished today at 666.74. Additionally, the INDU finished at 46,381.54 which is within .0003% of a perfect Fibonacci sequence number of 46,368. Also, giving lip service to that number.
These are curious times. Symbolism is rampant it seems. Trump speaking tomorrow at the UN on the Jewish New Year, Rosh Hoshana. The 80th general assembly session of the founding of the United Nations, the very organization that “birthed” the founding of modern “Israel”.
The “Jews” that truly believe in their version of the “Messiah”, aka the Antichrist, believes this is the year it may be happening:
A day late, but finally both the DJIA (24th Fibonacci sequence #: 46,368 – intraday high of 46,396) and SPX (6666.66) hit the targets predicted on this blog back on 22 August, and on the same day which was also suggested. In fact, Friday’s close the SPX finished at 6664.36. Remember the 2010 intraday low was 666.79.
The squiggle count supports a top and certainly has enough waves to be considered complete.
Some crazy low CPCE ratio number on Friday: .45 ratio. It’s been quite some time since the market has seen any real panic and that’s including the sharp decline of early 2025.
It’s also been a while since the NYSE experienced a “negative” event that resulted under .40 breadth (the bottom red horizontal line). So, the market is due for a panic event.
Gold has ripped higher out of what looks like a small consolidating contracting triangle. This also might indicate a final wave move.
CONCLUSION AND SOCIAL MOOD COMMENTARY:
Charlie Kirk’s memorial event tomorrow is expected to attract over 100,00 people and will likely be celebrated all over the earth. I believe Charlie Kirk is a Christian martyr. I believe he is in heaven because he believed on Jesus Christ by faith alone and not of his own “works”. He seems to have believed in “once saved, always saved” (eternal security of the believer) which is in fact the heart of the gospel: that we will live forever once we have placed our faith in Christ in a moment of time.
In a sense, Charlie Kirk is actually the 1st saved Christian martyr being recognized worldwide. No, Martin Luther King was NOT a Christian. He didn’t even believe on Jesus’s resurrection, didn’t believe Jesus was born of the virgin Mary, didn’t believe he was even God. MLK was a child of the devil. MLK was a fraud by every measure.
And no, Billy Graham wasn’t saved and was also a false gospel prophet teaching we must “repent of our sins” (works) to be saved. And don’t get me started on any Catholics. Pope Paul II is burning in the lower depths of hell as is Mother Theresa. They didn’t trust on Jesus by faith; the Catholics teach that you must have “good works” also to go to heaven. They trust on themselves.
The stock market is Satan’s. He likes to communicate through symbolism such as the number 666. The fact that an actual saved Christian – who is more than likely saved and is now in heaven – is a most unlikely social mood marker to be a potential stock market “topping” event. But all things work together for good for those who love God.
If there was ever a time for Satan to pull the plug on the global financial system, this seems the perfect spot to do so. 666 at the bottom. 666 at the top. All waves seemingly in place. Late September, a typical place of social mood oncoming winter downturn. The “AI bubble” gargantuan in nature and being exposed daily that it is also a fraud.
Well, the market performed a triple intraday all-time high today, and no one seems to really make note of it anymore. Its “old news” because it’s like a regular event nowadays it seems. There is no blaring headline on Marketwatch or Drudge screaming “STOCKS ALL ROAR TO ALL-TIME HIGHS YET AGAIN”. Nope, didn’t happen, but then again most major news outlets are hard left wing and don’t want to “give credit” to Trump for the stock market’s performance. So, it has become a curious social mood thing to observe from my perspective.
Yet the mania spurs on. The DJIA high today was 46,317, merely points shy of the 24th Fibonacci sequence number of 43,368. The SPX intraday high was 6656.80 which is just shy also of 6666.66. “Mark of the Beast” so to speak. And the NASDAQ Composite was 22,540.93 which I am not aware of any significant number, but it is quite impressive considering the 2010 low was 1265.52 resulting in an almost an 18X multiple of its low of 2010 versus the SPX a 10X multiple. The DOW’s low a 6469.95 in 2010 has exploded by a factor of 7.5 or so.
DOW is 7.5 x price of 2010 low.
SPX is 10x price of 2010 low.
NASDAQ COMP is 18x price of 2010 low.
So yes, we are in yet another tech bubble, this one being led by “AI”. When will it pop? I give my best squiggle count below>
I show the DJIA in a different cycle-sized count to contrast the possible very large scale counts. It really doesn’t matter at this stage.
How much will the Fed cut? My prediction is a 1/2 point cut to take the rate window down to 3.75 – 4.00%. This will come as a “shock” to the market because overall consensus is only a 1/4-point cut. But the 3- and 6-month yields have already moved beneath into the next window. So that’s the call. And Trump will like Powell again and call him a genius. Seems fitting.
My best attempt at a count at the moment. Two numbers that seem inevitably will be reached is the two numbers I mentioned in my last update 3 weeks ago.
DOW 46,368 (24th number in the Fibonacci sequence)
Well, that burst and solid finish over DOW 45,000 I talked about in the last post I made finally occurred. I suspected it would. The NASDAQ is lagging which I also talked about. The SPX is knocking on the door of another all-time intraday high.
I do believe this is the AI bubble coming to its peak. Again, the exact timing is a best guess based on wave forms, channels, and some signs of a market peak via social mood manifestations. What that may be who knows.
Who recalls that the S&P 500 bottomed out in 2010 at a low of 666? Well, it is certainly interesting that we are coming up to SPX 6660. A 10X multiple.
Another possible number to watch for is concerning the DJIA. The 24th sequence of Fibonacci numbers is 46,368, a mere 700 points away. If the SPX approaches 6660 no doubt the DOW would be right around 46,368. Exciting times!
Market internals on the NYSE were monster as you can see in the graphs at the bottom of my SPX chart. An absolute monster 90% up day in both volume and number of stocks up verses down. This is actually probably bearish herding behavior nearer a top rather than a “kickoff” to something very long-lasting. However, this top to end all tops could get crazy. Hang on for the ride. When the AI bubble pops and everyone realizes it all at the same time, it’ll be a mad dash to collect profits.
This is a global phenomenon. Global DOW is just on steroids.
Junk debt? Who cares! Its like gold to investors.
The “news” of the market screaming higher is that Powell will support a September cut. Well of course he does, because finally the market has signaled to him, he must do so. Powell HAS to follow the market. The Fed rate cannot get out of whack with what the massive treasury market signals. The market leads, the Fed follows. Who thinks a .25 cut will help anything at this point? A credit card at 29.99% cut to 29.74% is NOT helping the consumer. Nor is it really helping the overall interest debt load of the US Treasury which has surged to over a 1 trillion a year. Yeah, it’s all just funny money now, isn’t it?
And as per my last blog post, I suspected the Nasdaq would not be leading the Dow over the 45,000 level. The NASDAQ may have quietly downturned first. We shall see.
Well it took a few weeks but a new all-time high has again been established in the SPX. This is undoubtably the “AI bubble” coming to a peak. How far it will run and how long is a matter of time.
There are probably 5 valid ways to count this massive surge since the April lows and I have adjusted to what seems best at the moment. A clear channel line has been established and I assume another upper strike will occur – my best guess is 6600 SPX or slightly north of that marker in late August. Lets go with that for starters.
A price break beneath Minor blue “4” would indicate that this structure has likely completed. Again, there are enough waves in place to consider it complete but momentum is still on the bulls side so I think it runs further.
But as my analysis per a few months back predicting new all-time highs in the SPX I predicted the DJIA would struggle. The monthly chart tells the story. 4 months in a row it poked at the 45,000 level unable to gain a foothold above. Oct, Nov, Dec (intraday peak), and Jan. Then again last month in July. We seem to be knocking on the door again.
If the DJIA breaks above 45,000 in a solid fashion, I believe it will mark a fantastic “Tulip bulb” blowoff top of the likes that catches everyone by surprise. Every junk DOW stock will be bid to the moon. Likely every junk NASDAQ stock will also be bid. The “Mag 7” tech stocks which has fueled the AI bubble may start to diverge in this scenario and start to drop off ahead of the rest of the blowoff top. So it is getting very interesting.
This is about as simple analysis of the AI bubble you will get but I advise you check out this Substack for all things concerning our tech overlords and the bubble we are all caught up in:
Interest rates are starting to signal that .25% September cut. Wow, that will surely save the overstressed out consumer! Well done Fed faggots!
The CPCE bottomed a while ago. Its not a great timing indicator of a turn but and upturn that occurs first prior to a market top is very consistent of overall market behavior.
I don’t know where the (5) of [5] will end up so I didn’t bother to move it. Again, this shows the struggle with the 45,000 level. If it is victorious, we could have market mayhem blowoff top as I stated above.
And thus we come to the Nasdaq. The ultimate bubble created by our tech overlords. LLM “AI” is shitty and trash and worthless and nothing but a lie. But they have nothing else to offer but the dream of being like the most high God in fooling the foolish into believing they can make a bunch of computer code and algorithms as if it can even come 1% close to the ability of the God-created human brain.
It is the ultimate lie and scam born of Satan. And well, it seems appropriate for the final bubble… I do believe we are meeting the end of the world scenario when this bubble finally pops. Our big tech overlords have nothing else to offer.
The “enshittification” of all things is well underway…
Yeah, still a lazy summer market but today caught my attention. New all-time high in the SPX and a potential topping candle.
Short term, the waves are certainly “enough” to be considered complete. It still has that “rolling over” feel. the feeling that underneath it all smart money is being passed off to dumb money (retail). And then the rug gets pull out.
Is the dollar chart finally coming alive with the passage of the “Genius” act?
A “crack” in the CPCE. Noteworthy. This usually starts pointing up prior to actual prices moving down. That could be the case.
And just as I predicted several months ago, The SPX was headed for new All-time highs and the DOW would struggle to do so. That situation technically remained so far. That is bearish that the other indexes are cracking new highs daily and the main market is some 1000 points beneath…
Just incredible!
Powell didn’t cut because the market sets the rates not the Fed. Had the 3- and 6-month yield move beneath the Fed window, the Fed would have followed. It’s really that simple. The market moves first; the Fed follows.
It’s been 2 weeks, but it’s been a lazy hot summer. My last update I predicted 6300+ and here we are. The upper trendline was hit. The squiggle pattern looks quite mature. It looks tired too. But my upper target range of about 6350 – 6375 is still a possibility.
In that major update I surmised that the market would take between 2 and 5 months to get where we are today and it did it in the minimum time of 2 months. It’s been quite the shooting star.
But as of today, there are enough waves in place to consider the count complete. Does that mean I think it is complete? No, likely the market will melt up as there is no more resistance. Yet the DJIA still has over 900 points to go to match the SPX and NASDAQ in achieving a new all-time high. It is a fractured market and often that is a bearish trait.
Just looking at simple trendlines, if the market were to hit this long term upper trendline, we are looking at SPX 6350 = 6450ish. This seems likely.
Short term prices are very stretched. Yet it probably will hit the upper trendline which I show at 6300+.
The squiggle count shows that there are already enough waves in place to consider the pattern “done”. However, I’ve probably shortchanged the squiggles in the Minor wave 5… I just wanted to show that Minor 5 of (5) has enough subwaves to be considered mature. We have been following this bullish count since early May. And it has not disappointed.
The GDOW also will probably hit an upper trendline. This is actually a better overall 5 wave pattern from late 2022.
Yet the DOW Industrials are obviously lagging. So many bets will be placed in this index for to catch up with the SPX and NASDAQ. Thus, it may outperform. I can see it challenging its all-time high before all is said and done. But it may come up short verifying the fractured nature of this Ponzi-scheme of a market.
And the poor dollar got hammered since January. But I still believe someday it will eclipse the al-time highs. Maybe its foolish. I think bonds are foolish. People sell bonds into dollars. Not the other way around.
