This is a cool chart. I’ve shown it months before.
Prices breaking under the June 2022 low in the NYSE and DJIA.
China also breaking lower. Bad omen for global social mood. I have of course been predicting China invades Taiwan and the global war goes “hot”.
Wilshire counts. Gving the benefit of the doubt again to the market and counting today’s low as wave (iii) of [iii] of 1 of (3). Wave (iv) could close today’s SPX gap down.
The most bearish count. This proposes that it hasn’t even begun yet to collapse. Allows for an even a robust bounce On Monday but the bottom falls out after that.
If the primary count is correct, the market is about to experience wave (iii) of [iii] of 1 of (3) down. This is not the true “third of a third” that is sometimes talked about, but it should still see some very elevated selling pressure. Prices should move toward the June lows and then surpass even lower. The “job” of five Minute-sized subwaves of Minor 1 of (3) down is to advance prices well beneath Intermediate (1).
The true “third of a third” – wave (iii) of [iii] of 3 of (3) – is still quite some time and price from here. Even so, elevated selling pressure should be expected soon.
The weekly shows an “idealized” pathing down for Intermediate (3) of which has really only just begun if this count is correct. And I realize it is a presumptuous count, but that is the theory.
I mentioned a week ago, there are higher powers in play (Satan) and Powell has probably been told to “do nothing to help the market”. And now I laugh as I surmised yesterday, the Witches of Congress, led by Elizabeth Warren, are already screaming for Powell’s head. LOL!
CPCE. Still bullish in a sense. Not one day yet has the ratio crept over .90 which is not even a 1:1. It is my theory and belief that the coming super bear market will see readings such as the CPCE elevate to sustained averages that have never been sustained before. 10-day and maybe 30-day averages over a 1:1 ratio with puts being dominant. But alas, that is a far way off for now. But that is my thinking.
Like Robert Prechter of EWI has stated, things have been so bullish for so long, that the coming bear market will begin to see things reverse in such a way that looking at “technicals” as viewed through the lens of old bull market interpretation will fail miserably. But again, we haven’t even had the first real panic.
Another example is that the Dollar should at some point in the future, reach higher levels that the early 1980’s. It is not the dollar that “collapses” first, it is the bonds you dummies! (I have been saying that for over a decade). People sell bonds…and get dollars in return.
At some point, when the global financial collapse is complete, the need to restructure the world based on the “mark of the beast” global digital currency system will be rolled out.
Waiting for China to crack further. War comes at the low points of waves. That 16-year trendline is key.
And finally, in reality, look where the market is and was not so long ago. Why would it not be able to survive even a small hiccup? It’s the global debt load of course. A Ponzi scheme must always expand or else it cascades upon itself. Folks, the global financial fraud is in fact a Ponzi scheme and it won’t take much to tip it over.
That which cannot go on forever, won’t. Only God and the gift of eternal life goes on forever.
Update: This caught my eye. Globalists calling for repentance LOL. Zelenskyy a key speaker and Biden scheduled Wednesday. Watch them pledge fealty – yet again – to Zelenskyy, the “little horn” of the Book of Daniel. Watch Biden demonize Republicans once again. Within a year or so, the demonization will switch to Christians and persecution and tribulation for the saved will begin in earnest. For now, Satan is trying to wreck the world and kill as many people as he can (through things like vaccines, wars, and coming famines).
First things first: global financial system collapse followed by global economic collapse.
Again, there is nothing to dissuade me from my end of the world biblical timeline. (I predicted something to happen on September 8th and something did happen. Guess what that was?)
And if you are wondering how I came up with the dates, the following explains it using the bible for those who can possibly understand. And yes, Dispesnationalism and the pre-trib rapture is a long-running lie of Satan. We’ll have to go through some persecution first. Get yourself ready physically, mentally and most importantly, spiritually.
Get saved. It is as easy as drinking a glass of water or walking through a door.
https://www.youtube.com/watch?v=PffhcV-xBks
ORIGINAL POST
Obvious tomorrow will probably be a volatile day. There is a very real possibility that the Fed does a surprise 1 point rate hike tomorrow in an effort to “shock” the markets into a spiral collapse.
I don’t have today’s data yet, but the market is signaling a 1-point hike is a possibility. Once the 3-month yield moves completely above the 1-point target window, that should trigger a hike of 1 point. Again, it is a close call.
Wave count-wise, the small move lower actually makes the move from [ii] 5 small waves down which takes the Minute [ii] downward flat or expanded flat a backburner possibility. Instead, we label today’s move to a lower low wave (i) of [iii] of 1 of (3) down.
If this is the case, we could get a further bounce in wave (ii) tomorrow that backtests the broken neckline and then Fed news comes out, a full 1-point hike, and markets hate it and rip lower. Would be a perfect bear scenario, but things rarely work out as intended.
Otherwise, the 3/4 point is fully priced in I’m not sure what other “guidance” the puppets at the Fed can say or do at this point. They cannot control social mood as much as they think they have that power.
In my opinion, since I am predicting the end of the world and Satan is here on earth orchestrating a global collapse so that the NWO can form from its ashes, the Fed will do everything in its power to not help the markets. However, they don’t want direct blame which is bound to happen no matter what happens from the likes of Congress women witches.
The wave (ii) target is a backtest of the broken neckline.
Speaking of wave counts, both the 10-year note and 30-year bond prices have reached a minimum count of 5 waves down. One could surmise they are due for the biggest bond rally since they both peaked in 2020.
What would spark a rush back into bonds? A total stock market collapse? Maybe that is the Fed’s real goal. Not to help anyone but to stave off their own sure demise for a little while longer.
If there were any doubts the 40-year bond bull market is over, the chart below says it all.
Global war is coming. China awaits for a late year weather window over the Strait of Taiwan. They say October/November is the best window during the year.
Putin about to announce something bigger. The biggest reason Putin hasn’t already gone “scorched” earth, is that it could trigger a NATO response and the war goes “hot” for NATO vs. Russia. NATO vs. China soon to follow.
They have already baited Putin into his “SMO” but Babylon USA is trying to trigger a bigger war response by Russia and goad them into crossing some invisible line. For instance, if Russia was to knock out all power and water to Ukraine, one could easily make the argument that an unprecedented humanitarian crisis is unfolding just before winter and that NATO must now “occupy” to protect tens of millions. or go “war hot” with the excuse that they had no choice but to respond.
Things will only get worse from here. And besides, I tend to think Putin and Xi are “in on it” and are wrecking their countries just as much as we accuse the western powers of purposely wrecking the west. All for the sake of Satan and the New World Order takeover of the world. The bible says it WILL happen.
And Zelenskyy fits the description of the Antichrist of Revelation like a glove. And if he is, he holds real power. The world leaders haven’t pledged fealty to him for nothing you know.
There is wave evidence the market may bounce yet again from here to somewhere in or above the huge 65-point SPX open chart gap down forming either a downward Minute [ii] 3-3-5 flat or expanded flat if prices go above (a) of [ii].
So, the primary count is that Minute [ii] is forming some form of “flat” count.
A closer look at the wave structure and we have 3 waves up to (a) and objectively, only 3 waves down to (b). To finish off this count, we should get a 5-wave impulse structure to form wave (c).
We have wave structure evidence from 2008 in which Minute [ii] of 1 of (3) formed a flat count before falling over and heading to new market lows forming wave 1 of (3) down. The difference between 2008 and 2022 is that 2008 was about one half the percentage price drops (and bounces). 2022 is much more extreme. Minute [i] of 1 of (3) is 10% drop in 2022 vs. about a 4.5% drop in 2008.
The most bearish count is shown below. This implies the market will drop hard probably starting tomorrow. Consider this the alt count. Again, overnight futures will be telling perhaps.
The SPX did fail to close above the lost support of 3900 barely today and that may be viewed as bearish by traders and algorithms. We’ll see. Last 2 days could have been a “head fake” lower prior to taking the market up to close that huge SPX open chart gap down.
Better it be closed now or never.
The daily chart does show positive divergence on the RSI which even suggests prices will go above wave (a) and form a proper expanded flat count versus a downward flat.
Yeah, I know, another 5-7% market move up in the opposite direction? Yet another violent shake out of bears and a chase-the-market retailers and the too-soon overly bearish bets of hedge funds? Probably. A market meant to frustrate all.
China. Similar count, similar spot. Seems to be cracking bearish.
A solid break of the long-running upwards trendline does not portend well for social mood outlook of China. A break of this trendline will likely bring war.
The same two “bullish” counts from yesterday’s – [ (ii) or [ii] ] – count applies if we get a ramp upwards in prices, perhaps a “last hurrah?”. However, prices have decidedly closed beneath the thin red neckline, so I have highlighted the most bearish count below.
Again, overnight futures may play a determining factor as sometimes they do.
This chart really does tell the overall story. The 40-year bond bull market is over. We have entered a new era and it is not optimistic.
This may be wishful thinking, but did the Chinese market just crack? Plunging social mood = war.
Prices worked a bit lower and touched/tested the clear trendline – which is a sort of neckline – that has developed on every index. Therefore, if prices are going to bounce yet again, it’ll probably be from here. If the market loses this neckline, prices are going to test (and eventually exceed) the June wave (1) low.
Therefore, the squiggles support two bounce options within the realm of wave counts from here. Pink pathing is for Minuette (ii) a subwave of [iii] of 1 down. Green pathing will close the huge open chart SPX gap in an upward 3-3-5 expanded flat Minute [ii]. This will be based on some sort of “good news” event (maybe the railroad strike is avoided). Or maybe no news at all which is how waves work anyways.
The super bearish option is that overnight futures drop solidly lower through the neckline and the open tomorrow is a bloodbath and we begin to approach the June lows with market losses exceeding the minus 1300 Dow points of the other day. Wouldn’t that be gloriously fun? Railroaders going on for sure strike Friday would be the “news excuse”.
From a mechanical/sentimental market standpoint, certainly prices are much closer to the June low than the Nov/Jan tops. People’s mood is shifting, and they need the cash, inflation is rampant, credit card interest rates are skyrocketing. The option of draining 401k’s and such after seeing them lose a lot of money to wave (1) June low, recovering a lot in the recent (2) high, and then down, up and now down again…at what point do the prudent (and broke) pull their money out of the market in a beginning panic fear? (Probably not many at this point in time)
Regardless the overnight futures may or may not control what happens with this neckline. Does it break in glorious overnight hard down future action with a panic open? Black Friday?
Or will they jerk it up with the algos on some perceived “good news” event? Should be fun either way. It just seems we are at a temporary inflection point and I’m glad I am a spectator to it all.
Well, that face-ripper occurred just at the spot where it makes sense – the beginning of the primary wave count of [iii] of 1 of (3) down. Things really don’t get heated up until [iii] of 3 of (3) down, so we still have some counting to do. For context, here is the 2008 impulse wave down and where we compare. It’s not a perfect compare, but you get the idea. 2022 is running a bit hotter and more violent on a daily basis. But I’m just guessing on that.
A continuation-type head and shoulder pattern? A break of the neckline would make the target of the pattern beneath the price low of (1).
5 waves down today. Due for a bounce wave (ii).
Yields. A 3/4 hike is certainly baked in if rates were to be set tomorrow. 1 point if the 3-month rate rises a bit higher. There is a probability that the 3 month/ 10-year yield inverts.
Heck, it would be quite a feat if the entire curve inverts from 3 month all the way to the 30-year yield.
10-year price new lower low target almost reached.
And 30-year prices are nearing minimum wave (5) target.
What would it take for a rush back into bonds both long term and short term? The entire curve is due for the biggest bounce since the bond peak.
A stock market crash perhaps would spark a rush back into bonds and stocks/bond “asset” correlation disconnects for a while? Just a thought.
Of course, it’s all a big Ponzi scheme don’t forget! There is a “Ponzi-type” sentiment that exists, and it is this: Once a Ponzi scheme is recognized for what it is, it can drop to zero despite extreme negative sentiment readings.
In other words, a Ponzi scheme doesn’t have “BTFD” due to overly bearish sentiment readings. It pretty much unravels quite quickly.
Kind of like our 100-1 leveraged bond market where a ‘liability” can be counted as an “asset” depending on what side of the ledger you put it on. But if the counterparty can’t pay, the “asset” becomes liability on both sides of the ledger.
And don’t forget the gargantuan derivative market, particularly interest rate derivatives.
Everyone thinks the Fed will be forced to “act” eventually and “pivot” as if they can control the markets. (They cannot). But the real question to ask at this stage of the coming New World Order, do they want to act or have any authority left to act even if they wanted?
Satan is in control and has so conditioned the masses into thinking the Fed will rescue the markets that people will ride it all the way to the bottom to their doom. I cannot think of a better lie that has been told over and over for decades. Condition the people into thinking the system can and will be “rescued” in time of trouble when the multi-decade devilish trap has been actually sprung on the unsuspecting middle classes and their 401K’s.
Everyone has a sell point. Everyone. But if the masses have been conditioned to “hold on”, again, it’s the perfect trap to wreck the last of the middle classes in this world.
You cannot have a “New” world order if the “Old” world order is still functioning and constantly “rescued”. Powell is under the control of bigger Satanic forces at play. They must collapse the old system to be able to usher in the new once the global financial collapse triggers a global economic typhoon the likes that have never before seen unleashing supply chain halts, wars, and famine. The world is only ever 10 meals away from life threatening hunger.
Total daily volume on the Wilshire 5000 was less than the previous 2 days. And the 6th or 7th lowest volume day of 2022. Still a big vacation week of the super-players. Monday, the gloves come off.
So, despite the gap and go open, real conviction in buying stocks is not yet super evident. At some point, a major world event (like a new war) over the weekend and market players will awake Monday to a down-limit situation. I’m not saying that will happen this weekend, but at some point, it seems inevitable.
Wave (c) = (a) of an (a)-(b) -(c) 5-3-5 zigzag corrective wave [ii] almost perfectly. Minute [ii] pink window box shows a wide range of possibilities. The minimum wave structure and price, however, has been met.
3/4-point hike is definitely on the table as of this moment. It won’t take much more to pop the global Ponzi once and for all.
The lowest volume week since the February 2020 top and I realize it was a holiday shortened 4-day trading week, but there have been other 4-day trading weeks in that time.
Well, September 8th has come and no global war breakout – as of just yet. But a curious thing happened “unexpectedly” today nonetheless; Queen Elizabeth, Chief Satanist High Priestess Witch of the Underworld on Earth has died after over 70 years of rule as Queen entertaining Satan on occasion at the House of Rothschild in England.
Or was she sacrificed to Moloch?
70 years is an extremely prophetic number of God. Satan likes to “copycat” all things in the bible.
Yes, I’m having fun with things, but she has surely descended into the lower parts of hell to be tormented day and night. She was reprobate on earth, twice dead while still “alive” in her earthly body having lost her soul and given over to Satan many, many decades ago.
I really do think she was one of the key chief Satanists ruling behind the scenes. Certainly, her husband Prince Philip, who died last year after an unnaturally long life (for being an inbred) was indeed a chief architect of the coming New World Order and a hater of humankind. So, it is no insignificant thing that she died on September 8th, a day I was watching for something weird to happen.
As far as 70 years of time in the bible there are 2 biblically prophetic time periods that use this number: 1) The 70 years of captivity of the ancient kingdom of Judah to Babylon. 2) Daniel’s “70 weeks of years” of which I have proposed that we started 28 Oct 2021. (The year Prince Philip died).
The Queen’s 70 years of reigning has covered almost the entire period of the modern impostor wicked nation of Israel birthed by Satan and the United Nations in the year 1948. If Satan is “copycatting” Judah’s captivity in the Old Testament, this would mean that the fake nation of Israel is now, once again, “free” in the eyes of the Satanists that rule this earth and worship Lucifer, the Devil.
Yes, I am speculating, but the 70 years is uncanny. Perhaps the Queen had power, given by Satan, over the global Jewish-led cabal and the Kabbalistic offshoot Freemasons and harbored ill-will toward them and retarded their global NWO machinations. The cabal that wants to “get on” with getting on and subjugating the world for the sake of themselves and Satan to form the one world government, one world religion, and one world currency to rule us all.
Perhaps, the queen simply didn’t want to give up her sovereign power and peace in old age. Perhaps it took her death to “unleash” the coming literal hell on earth.
But yes again, I am having fun speculating on the deeper meaning of a 96-year-old wicked reprobate queen of the ancient nation empire of the United Kingdom, an often-overlooked major player nation in the grand scheme of the coming 7th Babylon empire, the New World Order. A key nation, 1 of the proposed 10 of the end times (those that possess nuclear weapons).
And of course, Daniel’s 70th week prophecy. She died within the first year of my proposed timeline of Daniel’s 70th week. A prophetic 315 days into it.
Very curious indeed. Her and her evil dead husband, expired in 2021 (he was 99) and 2022 (she was 96).
THE COUNTS
Minute [ii] is still the call. I’ll look either foolish or brilliant. I don’t care.
