Elliott Wave Update ~ 20 Nov 2023

“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.

Elliott Wave Update ~ 16 Nov 2023

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.

Elliott Wave Update ~ 14 November 2023

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].

Elliott Wave Update ~ 9 November 2023

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.

Elliott Wave Update ~ 31 October 2023

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.

Elliott Wave Update ~ 30 October 2023

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.

Elliott Wave Update ~ 25 October 2023

Zelenskky Antichrist news update: He certainly behaves like one:

Zelensky Exposed: Former Advisor Reveals How Ukrainian President Thinks He’s Omnipotent | ZeroHedge

I will say, that if Satan has indeed “anointed” Z-man as Satan’s “chosen one”, and promised he would rule the world, then it all makes sense. And is why he demands fealty from all world leaders.

As far as the stock market, we have a 5 wave move lower which is better (more bearish) than a 3 wave move. But will keep the count of a series of “ones and twos”. This implies that a surprise downside “third of a third” wave move is coming. Seems about right.

China charts starting to break. Social mood breaking lower…could lead to war with Taiwan.

CPCE indicating plenty of room for panic to occur.

Elliott Wave Update ~ 19 October 2023

One can sense that the mood has shifted solidly to the negative. Does this mean we should be contrarians and go against the grain? As they say, it takes bulls to make a bull market and if that is true, then on the flipside, it takes bears to make a bear market.

The market is actually a Ponzi scheme, and all our monies are based on nothing. If enough people come to this realization, then all true Ponzi’s collapse and quite instantly. We are not there yet at this point of realization. But someday I predict we will be.

I think, in all fairness, everyone agrees the current system is unsustainable. Therefore, the end logic is that it will manifest itself as such in a moment in time resulting in complete systemic failure and collapse. Everyone thinks they will be able to sense this coming moment and exit when they sense it. But the error is that if a mass realization of a failed system occurs all at once, as people typically do, the exits will be jammed. You will not be able to connect to your broker because the line will be busy. Or cut off completely. In the end game, the great panic will result in people being shutout. Everyone knows this to be true that has any sense of the market. Covid 2020 showed us what is in store.

The wave count is nicely bearish pointing to a swift decline. Am I wrong on the short-term squiggles? Or is it a Charlie Brown/Lucy with the football moment? All I know is that Jesus is coming back probably soon, and he hates the stock market. And it will be destroyed as it exists.

Therefore, I have God on my side in the end.

Junk debt is a good indicator of the overall state of risk appetite. And it seems to be impulsing back downward in solid fashion a long way from its frothy late 2021 peak.

Keeping an eye on China. The waves support a sharp negative mood movement. If it happens it actually means the mood has already shifted significantly negative. War can come as a result.