It seems likely the Wilshire 5000 is in Intermediate wave (2) up which has been our alternate count. If prices go above the December high where Minor A of (2) is marked, this will confirm the count.
Prices have broken above the big down trendline from the peak of January 2022.
The big black box represents the target box. For now, we’ll assume an A-B-C simple zigzag will be the corrective form. If prices can move above “A” of (2) then likely Minor 4 of (1) peak will be challenged as the next resistance.
Possible squiggle count for wave C of (2). Looking to confirm the peak of wave [i] of C of (2). Perhaps it has already completed.
Of course, the NYSE has already broken above its December peak and the recent positive breadth thrust event seems to have some follow through.
It’s clear the Global Dow is in this count already. As is the DJIA.
As the weekly shows, these are huge wave moves. If (1) down is correct, the size of (3) down will be ginormous and make the 2008 and 2020 collapse look like a picnic in the park. It’s actually exciting to see (2) take shape it would bring much clarity to the overall count.
Well for the past numerous sessions the primary bearish count has been hanging in there despite the 15-day breadth thrust event on the NYSE. Perhaps the computers tried to manipulate the market only for the benefit of allowing the globalists to pull their money out for profit before the big collapse.
If this is wave 3 of (3) down, I expect a negative breadth thrust event to follow thereby negating the positive event and then some. That would call for some serious downside surprise. The market has been in a lull for over a month or more.
Certainly, the volatility has been dampened. Here we are 2 nuclear superpowers in almost direct warfare with each other and no one really cares. It is beyond surreal.
The NYSE highest close since late May 2022. About 9% off its all-time highs and 20% off its October lows. Hardly the worst marker ever. Of course, the other indices are in much worse shape. It remains a highly fractured market.
The SPX has completely filled the top of the opening gap down from a month ago. If prices go above its December peak, then the alt count that has been shown will kick in.
I think I went kinda hog wild on this chart. The red up channels represent possible price pathing and targets if we are indeed in Intermediate (2) which, having the NYSE just trigger a positive breadth thrust event seems likely.
In the SPX prices finally came back and filled the open spot in the gap down where I have been targeting and suggesting since the 22nd and 23rd of December. So, it wasn’t surprising, but it sure took a long time. In the process, the NYSE did trigger a 15-day positive breadth thrust event.
Prices need to now turn down soon for this count to be accurate.
Again, we are close to triggering our medium-term count in which the market has actually started wave C of (2) and will require a month or more to finish out. But we are not there just yet.
Tomorrow may be a price surprise one way or another.
After a month of trying to regain SPX 3900, today the market did. And on the NYSE it likely resulted in a 15 day “breadth thrust event” is what I like to call it. The market needs to nullify this positive thrust event with a negative thrust event.
The SPX count is the preferred count, but to be honest, this ain’t behaving like a wave 3 of (3) down. Prices have gone back to about where I expected so we’ll see.
I don’t know what is going on with the CPCE data but it looks like algorithms are manipulating the market perhaps trying to artificially recreate the historic “gamma squeeze” we saw that drove the market to its November 2021 / January 2022 peak(s).
I’m not market internals expert but this is not normal. This makes me wonder if the market is in for surprise upside that surpasses the previous early December peak and starts to squeeze creating an artificial bandwagon that gets retail and hedge funds to reverse course and chase the market yet again.
This is probably what’s happening. The WEF New World Global Order Luciferians banking cartel are not yet quite ready to collapse the financial markets just yet. There is more preparatory work to be laid and then global war will be unleashed. The planned Taiwan invasion has probably been pushed back. I originally thought November/December, but obviously all the players involved including China needs more time. (Yes, the war is being planned between all parties) So, the markets must be maintained until then because when China finally attacks, the markets will collapse. There is no contrarian play when Apple iPhones stop production delivery altogether. And every other global product that supports humankind. It’ll make 2020 look like a Sunday picnic.
So, don’t get the wrong idea. Ol’ Dan isn’t getting bullish, things just (perhaps) require more patience. Once the whirlwind is unleashed there is no putting the genie back in the bottle again. That moment in time may be soon or may be 5 months from now. But it is coming regardless. The Luciferians are not playing games. Satan is running the global show and he don’t care about anyone’s 401K or Wealth Management Fund.
Here is the alternate medium term “bullish” count based on an artificially created short squeeze per the discussion above. But again, it’s still a bit too early to call for this count but it is always on the tip of my mind.
We can see the Global DOW has this actual count as is. And it seems the GDOW has met its 61.8% Fib retrace so this is a reason to stay bearish overall globally. Because in reality the rally has already happened.
What’s going on here with the CPCE? I can’t explain it other than its computer algorithms run amok. And it probably isn’t “good” for the market. Just another underlying sign that it is completely broken.
Another possible squiggle count using the Wilshire implying a quick thrust lower tomorrow. This count doesn’t work of course on the SPX.
My prediction is this will happen again on the field in the NFL or another “big 4” major sports because of the “vaccine”. I surmise that most high-paying NFL/NBA/MLB/NHL players have faked their “vaccinations” via fake cards or fake shots. There are too many billions of dollars at stake and the billionaires who own these clubs of modern-day, well-paid slaves don’t want to mar their “investments” so no doubt much fraud is/was involved with the “mandates” put in place by sports.
But the unfortunate or the stupid did not escape the nightmare of the clot shots. Or the people who actually “believed” in the “vaccine” or the people who simply didn’t make enough money to warrant a fakery.
The Great Reset continues apace.
The Satanists who have a true say in how this world is run, the Davos World Economic Forum crowd, want most of us dead and the rest enslaved. This is not even a dispute anymore. We are useless easters in their eyes and they have flatly told us so. All we can do to protect ourselves is to get saved to the Lord Jesus Christ by believing that he died for our sins for us. It’s that simple to be saved.
The bible says the 7th Babylon world empire will form, there will be a great tribulation of Christians and they will be overcome by the ruling Antichrist and his minions. A one-world currency known as the mark of the beast will go into effect. Satan will overcome and defeat Christians in the flesh. But spiritually, we overcome the world.
