Daneric's Elliott Waves

Maybe a small wave 4 triangle forming.

Well, nothing of note today. This is not a date that is based on any biblical thing, this is the date I used to gauge whether or not an Armageddon (Jesus’s 3rd coming) would occur in Sep 2028. Extrapolating backwards this was a date I picked that I judged that if we have not seen the second seal of Revelation just yet – total global war – then 2028 is not the year. This is based on my 2520 biblical interpretation prophecy. And I could be wrong in that maybe the world takes another 1 month to break out in war. One thing for certain, they sure are trying, yes?

But the 2520 prophecy IS based on a mathematical relationship between key dates based on the bible. And by my estimation, it does have a 3-year window: 2028 -2030. My preferred year based on many things studied is Sep 2028 Armageddon. The next preferred year is Sep 2030. In any case, in all instances, if true, this means we are in the “beginning of sorrows” for any of the target years. So, in that regard we are looking for the second seal in all cases. And if it takes 2 more years then so be it. And if the stock market climbs to eleventy billion, so be it. Those who are rich will hardly enter the kingdom of God because most people of wealth rely on themselves and not Jesus.

I warn of global war, a one world currency, and a one world religion (Satanism) because that is what the bible teaches will happen at the end of the world. The bible teaches the New World Order will form. And Christians will be persecuted and overcome. And anyone with any common sense who follows financial things can see these things happening. So take heed and get saved now!

https://www.youtube.com/watch?v=jDkHWgPDRRE

I have written a long essay on end times, and I will explain this 3-year window of the 2520 prophecy this weekend. Stay tuned.

THE COUNTS

Still trying to adjust the squiggles, this is such a quirky, sharp wave structure that has only gone up. And since it still looks wonky, it’s likely not done yet, there is little resistance for the total market and prices.

Very nice impulse down and an immediate 3 wave move back up dealing with this ridiculous gap open down from yesterday. One could immediately think this is a bullish move but honestly had the market today moved to a lower low from yesterday and left us a muddled impulse pattern down, that would have been bad for the count. This was actually preferable concerning the wave. pattern.

So, the best outcome is that we get a spike gap up in Thursday morning to close the rest of the open chart gap and then selling. And that selling would continue and end of day ends on the low of the day. Otherwise whatever…

Well, last Spring in 2023, I was predicting a July 27th high based on a possible backup date for the 2nd seal of Revelation – global war. Obviously global war did not occur (although who can argue any longer that they are not trying their best to do so?). Yet the market topped on July 27th, and it held for a few months before being taken out recently. Then I pondered if the market would hold up until mid-February 2024 and it has.

My preferred date, here or about, was and is February 15th. 2024 and lo and behold the market has indeed held up until this time. Having peaked yesterday with a decent pullback today, we shall see.

The subwave count is still a best guess. But if we use simple peak RSI and assume (for now) that it represents the [iii] of 3 and we have a double negative divergence since then, the wave count is sufficient. There are enough waves in place and the upper trendline has been solidly touched and retreated.

The 3/6 month yield chart. One forgets that the meteor rise in rates occurred over a year ago and these levels were first entered in May/June 2023. If for example one posited that the CRE market was $1.2 Trillion unrealized losses hiding in the banks in the summer of 2023, well, that hasn’t changed. One could make the case; yields have been consolidating. The 3- and 6-month yields remain inverted to each other but if and when they un-invert, it could be a trigger for a greater market panic.

Remember, this is what controls whether the Fed cuts rates or raises them. When they say they are “watching” multiple sources and conflicting signals, what they really mean to say is they are watching this chart to tell them where to set rates. The market sets the rates not the Fed, the Fed follows, and it has always been so.

The reason the Fed has to keep the Fed short term lending rate in alignment with the short-term yield debt of the 3/6-month yields is simply because the Fed would create mass distortions across the quadrillion $$ interest rate derivative markets and besides the massive imbalances of arbitrages created would cause them to lose money beyond what the market is doing. Therefore, you are not going to see the Fed “all of a sudden” drop rates to near zero unless the market panics first. Yes, the market panicked in 2020 but the rates were already back down to 1.6% when the panic came, not the current 5.3%.

And if Satan is truly in control of his current wicked global financial kingdom (he is), the entire world is being set up for a massive collapse of his timing. The clues and signs are all around us. When one is trapped inside the bubble for so long, they no longer realize just how dangerous it has become.

Composite. Not yet a new all-time high. Twin peaks!

Possible long-term count on the DJIA:

The Chinese are not in a good mood. But there really hasn’t been a panic yet. More like a sharp second wave subwave bounce. Looking for prices to test the underside of the broken neckline(s). So far the 2018/2019 level has been support.

Officially the NYSE has also come short so far of a new All-time high. More market fractures. Today was a solid 90%+ down day across the board both declining stocks and in declining volume verses advancing stocks and volume. This is significant, this hasn’t happened since the big down day in June 2022. And this comes at a market high versus in June 2022 when the market had already been working its way down for 6 months.

CONCLUSION:
I think the Ponzi bubble has already popped due to the rapid rise in interest rates which occurred a year ago. And the rates did not yet go down and may be consolidating for upside surprise. The wave count and pattern are sufficient to consider it complete and the upper trendline has been hit. Today’s market internals were bloody red just off a fresh all-time high even though the headline number of only a 1.37% market day loss seems tame, it may be more deceiving than not. I am not trying to make a big deal about one measly down day but for all the reasons (and more) mentioned above, I’m paying attention.

Still looking for the spark of WWIII to confirm the second seal of Revelation. 15 February is coming up in 2 weeks.

I found an interesting free book on the coming collapse.

Documentary based on the book here:

The system has been setup for collapse. Satan’s grand plan. I have been saying the bubble has already popped via the sharp interest rate rise. I’m certainly not the only one who sees what is going on underneath and behind the scenes:

The Great Taking – Documentary (rumble.com)

The 3 and 6 month yield. This has not moved low enough to justify any rate cuts. The market tells the Fed when to cut or raise.

The Chinese are not very happy at the moment. This is the kind of price action that can spark wars. Keep a close eye on it.

Well, there you have it the S&P 500 finally went to new all-time highs.

Global markets at an all-time high (some of them anyway) but the Chinese are not in a very good mood. War threatens over Taiwan. Be not surprised if it breaks out on or about 15 February.

This is a very long dated trendline and it has broken.

Yes, I am still looking for the second seal of Revelation – “kickoff” of global war – on or about 15th February 2024. So, until then, the market may burst higher in a final wave 5 of [5].

The squiggle count seems about correct. If the all-time high is taken out, then prices may burst higher in a shot of unbridled exuberance perhaps even running to trendlines. A “surprise” upside that causes ALL to get on board. And then global war kicks off and the rug is pulled from the global financial system and the final collapse is finally upon us. The entire world trying to exit the global markets “en masse” in one instant of time will be a spectacular sight to behold.

They must first destroy the old-world order so that they can build the new.

I’m back. Had a nice Christmas break and nothing of too much note that happened in the markets anyway. The SPX still has not topped its intraday previous high.

The S&P total index is sort of equivalent to the Wilshire 5000 which is not available anymore on Stockcharts. It has overlapping waves.

And obviously the Composite has quite a bit of work left if it is to match its all-time high. So overall the market is fractured and that probably is not a good sign.

The 30-year bond count has been very nice and an expected bounce for wave [2] is in play.

The Fed has yet to cut rates but when the 3/6 month yield will tell them when. At the moment not yet. The 3/6 month led the rates higher, it will lead rates lower if that is to happen.