Author: Daneric

Well, that seems about right. Big market collapse should be coming next. There is no more room for wave [ii].

Market is feeling the resistance of the downtrend line from the 2 great peaks.

“NEW” INDEPENDENT FUNDAMENTAL BAPTIST (NIFB) CHURCHES

If you are a Baptist (and hey, that is what all saved Christians should be) the best churches to go to are NON-Zionist that teach truth and are NOT dispensational.

I have linked to the NIFB many times you can find sermons and pastors and their churches here allthepreaching.com

One church that is not linked yet to the above is Love Assembly Baptist Church in Montgomeryville PA. For those on the east coast that are spiritually dying in a watered-down, Zionist Baptist church, I highly recommend you check it out.

Here is a rock-solid sermon on the post-trib/pre-wrath rapture that the bible clearly teaches: Post Trib Pre Wrath Rapture – Sermon by Pastor Obinna Ofoegbu – YouTube

THE COUNTS

Almost there. I didn’t realize how huge that open chart gap was. No wonder the market is trying to close it. I suspect it comes close.

Still a bit of work to do to fill out the final squiggles of a potential wave [ii] peak. And I will say this: this may be the market’s final rally and even if new all-time highs are made, that won;t change my outlook on this.

Remember, 15 February 2024 is my primary “second seal of Revelation” date. Global war. We still have some 90 days to go. It matters not what the market does, but if and when Babylon USA and another superpower goes “war hot” against each other, either Team USANATO vs Russia or China or both, the stock market will collapse. It’ll be “all of a sudden”. Of course, wars usually are also started in only 1 day.

It seems the market is taking a run at the small open chart gap at the top near Intermediate wave (2) peak. The downtrend line is a potential stopping point. If wave (2) is taken out, then arguably a 5 wave move from October 2022 low has occurred and likely the market will make a stab at a new all-time high between now and February 2024.

But first things first. Just a ridiculous massive open chart gap up today.

Best squiggle count is that we are looking for the peak of wave iii of (c) of [ii].

It appears that 5 waves up to a VERY sharp wave (a) has formed. Perhaps we are finally seeing wave (b) weakness in some form of consolidation of the amazing gains made over the past many sessions. If wave [i] down is a falling wedge overlapping 5 wave “leading diagonal triangle” as it is labeled, we can expect a very sharp and very deep rebound and so far, that is the case. So, it’s not unexpected.

Last Friday triggered a Zweig Breadth Thrust event of only 6 days on the NYSE. Make of it what you will.

Expected bounce seems to be following through.

A back test of the underside of the broken channel line may be in store. That implies black ii is located much higher to the underside of the lower black channel line.

Primary count has this as another wave “two” bounce prior to the panic wave down “third of a third.”

The top alternate count is that a leading diagonal falling wedge count has formed a Minute [i] low and a larger and longer bounce will occur.