Updating yesterday’s charts. The preferred count is that the market will make a concerted effort to rally again in Minute [ii] of Minor 3 of Intermediate (3).
The next best “squiggle” count is that the market is sooner rather than later finishing up Minute [ii] and disaster is soon upon the markets.
THE COUNTS
The preferred count is that Minute [ii] is not yet finished. The first chart below shows the general outline of the count and that it has a wave (c) of [ii] to trace out. Wave b of (c) may, or may not be over, we’ll figure that out as the waves squiggle.
The main thing to look for is that Minute [ii] overlaps in price with the previous Minor 1 wave low (blue 1). This is a very strong attribute of a series of waves ones and twos up until the point where it switches in the “third of a third” – down to the very tiny – and then we get waves threes and fours overlapping. So in that regard, we have to keep looking for more upside and the count certainly supports it.
The next best count is that a small pop occurs and Minute [ii] price overlaps wave [b] of 2 by a few points (see chart above for where wave [b] of 2 price low is).
Minute [ii] wave (c) would take the form of a stealth ending diagonal triangle and when prices “cross the Rubicon” of the [b] price pivot, a hard sell is unleashed and since all algo’s are on the same page, that will be the undoing of the stock market.
Something to watch for anyways it caught my eye. We do squiggles here and well, there ya go.
Another Minute [ii] option is just a “straight up” count and that wave (c) of [ii] is over at the high today and selloff occurs. Not much different really than the option above as far as bearishness is concerned.
That about does it for the wave squiggle charts. Either Minute [ii] traces much higher as shown in the first chart of this post or we get some variation as shown in the last 2 charts above. All paths lead to ultimate destruction we just need be patient.
I mean, c’mon, the stores are out of tampons for crying out loud, and you want to buy this market?
ZELENSKYY NEWS
Again, projecting himself the world over and for what reason? Antichrist in training that’s why. Please world, prove me wrong. I have been watching, and this is an everyday thing with him.
Boris gave him a biography of the Dragon Queen. Celebrated the 70th Jubilee this month. “70” being of course a very biblical number used in the bible.
Did you see the Jubilee celebration? Purely Satanic.
Queens 23 46 69 Tree of Trees False Light Death Ritual Proclaiming Beast Arrival – YouTube
They mean business.
UPDATE: As you can already see, the links between Tawain and Ukraine are quietly being established already. Once China attacks Tawain you can better believe a new world alliance against Russia/China will form and Zelenskyy will become its mouthpiece.
ANTICHRIST UPDATE
If Volodymyr Zelenskyy is not the final Antichrist of Revelation, then he is at least a foreshadow. He gains power every week and is portrayed as a military hero. Over the past few months, French President Macron has repeatedly suggested that Ukraine might have to concede territory to Russia. Zelenskyy has rebuked him publicly on numerous occasions. Now this past weekend Macron travelled to Kiev to pledge fealty to Zelenskyy, and it was reported as “awkward”.
Repeatedly week after week, world leaders travel to Kiev to pledge their loyalty and their country’s resources to a wicked man. Anyone with an eye can see this is happening. Also of great note is that Zelenskyy has appeared before countless world bodies and meetings to exhort support for the war against Russia. This weekend it was Africa, that Zelenskyy scolded for being lukewarm in regard to the war against Russia. He has already commented about Tawain needs to fight hard if China attacks.
It is clear to anyone who is not a reprobate of the devil, that Zelenskyy is garnering unheard of power and influence already and the Ukraine war is not yet 4 months old. Remember the Antichrist is the “little horn” prophesized about in the Book of Daniel that subdues 3 of the 10 global powers in the end times. This is required to fulfill and complete the New World Order whereupon the Antichrist is given sole power. Babylon (United States) is leading the way. The 3 nations that stand in the way are Russia, China and ultimately Israel (which will fulfill bible prophesy).
Of course, almost all of Christianity teaches the FALSE “pre-tribulation rapture”. This plays right into the hands of Satan. For when the world is plunged into world war and chaos, famine and death, they will lose hope and forsake the Lord Jesus Christ. This great “apostasy” is prophesized about in the bible. This is because Christians do not know Revelation, and they were taught false doctrines about the end times. They were filled with the false teachings of Dispensationalism and Zionism. God does not regard the Jews of today. Judaism is WICKED and it was Satan who gathered Israel back into the land in 1948. Dispensationalism is of the Devil.
So, what we have is the perfect trap laid by Satan. When you see Christians supporting an evil man such as Zelenskyy, you can be sure the centuries of work put in by Satan has paid off in the end. This is not to say that Putin is a man of God – he is certainly not! In fact, I have recently suggested that Putin may in fact be “in on it” and is purposely wrecking Russia for the sake of the New World Order.
Why would Putin do that one might ask? Well, how else is he going to subdue Russia other than through war and chaos? Is he any different than Biden who also wishes to wreck his own country and its people for the sake of the New World Order? What about China? Will they attack Tawain so as to cripple China so as to give the opportunity for the New World Order to subdue the Chinese people and military? One has to look at things through a different lens, a biblical lens. And even if it isn’t a complete worldwide conspiracy to wreck the global system so as to “6uild 6ack 6etter”, Satan controls them ALL and will put it in their hearts to do wickedness and start a global war. So regardless it doesn’t matter. The N.W.O. WILL COME TO POWER, THE BIBLE GUARANTEES IT.
Concerning the Antichrist, the bible tells us about the “little horn” – not of the 10 – in Daniel chapter 7:
7 After this I saw in the night visions, and behold a fourth beast, dreadful and terrible, and strong exceedingly; and it had great iron teeth: it devoured and brake in pieces, and stamped the residue with the feet of it: and it was diverse from all the beasts that were before it; and it had ten horns.
8 I considered the horns, and, behold, there came up among them another little horn, before whom there were three of the first horns plucked up by the roots: and, behold, in this horn were eyes like the eyes of man, and a mouth speaking great things.
19 Then I would know the truth of the fourth beast, which was diverse from all the others, exceeding dreadful, whose teeth were of iron, and his nails of brass; which devoured, brake in pieces, and stamped the residue with his feet;
20 And of the ten horns that were in his head, and of the other which came up, and before whom three fell; even of that horn that had eyes, and a mouth that spake very great things, whose look was more stout than his fellows.
21 I beheld, and the same horn made war with the saints, and prevailed against them;
22 Until the Ancient of days came, and judgment was given to the saints of the most High; and the time came that the saints possessed the kingdom.
The Beast in verse 7 above was the Roman Empire. It had 10 horns, and these represent the 10 global nations (nuclear armed I propose) that arise out of the ashes of the Roman Empire (Babylon empire #7). These 10 horns are 10 global powers at the end of the world that must be united to form the 7th Babylon global empire (N.W.O.). The “little horn” is not of the 10 and represents the Antichrist of the final global empire – what we call the New World Order. This means that the Antichrist does not come from any global nuclear power. Ukraine of course is not a nuclear power anymore. The Antichrist will also be Jewish because ultimately Judaism will receive him as their Messiah. Zelenskyy is Jewish. What are the odds?
The Antichrist must subdue 3 global powers. I suggested that the 10 final global powers are obviously the nuclear weapon armed nations of the earth which there are currently nine: U.S., U.K., France, Russia, China, Pakistan, India, Israel, North Korea. There likely will be a 10th nuclear power nation before long and that is probably going to be Iran. Can you now see why the United States – the Babylon whore of the end times – so desperately wants Iran to get the “nuke”? To be that 10th nation? The ancient Persian Empire of the bible.
The 3 nations that must be subdued is again, Russia, China, and then ultimately – and lastly – Israel (to fulfill bible prophecy). Once Iran is armed, Babylon (the United States) and her client whoremonger nations of the global alliance against Russia (and soon to be China) will use Iran to provoke Israel. Just like we are using Ukraine to provoke Russia and Taiwan to provoke China. Now is it starting to make sense? From a biblical end times prophecy standpoint, it makes perfect sense.
But how will Zelenskyy be granted power and subdue these 3 nations? I propose that once China attacks Taiwan (this year), a new global alliance arrayed against Russia/China will form and at some point, Zelenskyy will be elected its leader.
And again, I’ll leave it at that for now. I haven’t delved too much into how Israel fits into end times prophecy but in a nutshell, once Russia and China are subdued, the global alliance will ultimately need to secure a global peace. There will be worldwide wars, famine, death and a collapsed financial system. The Antichrist and the False Prophet will have “all the answers” and propose peace overtures to the entire globe of which mankind will be willing and ready by then to accept. Israel accepts. But then the Antichrist gets assassinated (probably by a “Messianic” Jew) and is dead for 3 days. He is miraculously “resurrected” except he will be possessed by Satan himself. The Antichrist’s armies will trod down Jerusalem and enter into the Temple – I propose it will be the Muslim “Dome of the Rock” – and proclaim himself to be God. The mark of the beast is implemented worldwide. And well, things look bleak for Christians. Until Jesus of course comes in all power and glory.
CONCLUSION
Is Zelenskyy the Antichrist of Revelation or just a foreshadow much like the global vaccine campaign was a foreshadow of the mark of the beast? Things go fast in the end times so we WILL know soon enough.
If you want the TRUTH of end times prophecy start watching the “NEW” IFB Pastors here ALLthePreaching.
Watch this 22-hour sermon series here. Pastor Steven Anderson ‘The Book Of Revelation’ Verse-By-Verse Bible Study : Pastor Steven L. Anderson : Free Download, Borrow, and Streaming : Internet Archive
Or “Babylon USA” film here: Babylon USA: The New World Order (Full Documentary) – Bing video
Or “After the Tribulation” here: After The Tribulation (Full Documentary) – Bing video
That’ll get you on the right track.
This is a wicked man regardless of being the Antichrist or not. But then again so are ALL the global leaders wicked men ALL children of Satan.
THE COUNTS
It appears Minute [ii] is confirmed to be tracing out. We have several potential variations. The first is here and is the most aggressive retrace.
This short-term SPX chart shows a variation in that a downward Minute [ii] flat is playing out and will end sooner than the Wilshire chart count above. Of course, the Wilshire would follow suit as it is the SPX’s “twin”. I use the SPX and WIlshire interchangeably although I like the precision of the Wilshire.
No matter the squiggles, a reminder of the “bigger picture” looks something like this:
If and when China collapses in social mood, it may spark war with Tawain.
Tonight, I only present the most bearish wave count. There are other variations in which some or all of the recent huge gap(s) down in the SPX get covered in Minute [ii]. See my previous posts for those variations.
But at some point, the “gaps” down will not be covered if this is the end of the world as we know it. At some point, “gap trading” will fail and fail miserably. Are we at that point?
There exists a most bearish count, even if tomorrow open is a “pop” open up, that we are on the verge of a wave (iii) of [iii] of 3 of (3) down and so I don’t want to mess that up and miss that potential wave signal.
This is a dangerous market. The wave squiggles are “setup” perfectly for a most massive market selloff “third of a third” wave down. A “breaking point” and a panic point where the country is awakened from a deep slumber that something’s amiss.
On this post here, this blog projected a massive down wave three.
Tomorrow should be a volatile day. Expect a .75 rate hike at the minimum. The wave structure supports the idea of an aggressive rally as outlined yesterday. Today may have been the Minute [i] price low as the wave structure can count as “complete” for Minute [i] down as there exists a very adequate subwave squiggle count as shown. Minute [ii] would be the final hard bounce prior to the real panic plunge – perhaps a Fibonacci .618 of the peak of Minor 2.
The “job” of Minute [i] of Minor 3 of (3) down is/was to advance prices lower than 1 of (3) down. And in that regard, it has met the down sloping trendline. All indices seem to be in agreement on this.
As suggested yesterday, if there was ever a point in the wave structure in which the market “covers” the two huge recent gaps down, now is the time to do it. Simply put, the wave structure supports the notion of a volatile extreme short-covering rally. And the hedge funds are again playing yo-yo with the market always on the wrong side of things.
Yesterday’s NYSE breadth thrust data point. Again, this is a historic “inverse” breadth event not seen in 80 years. And yesterday was day 11 and buried the data point deep beneath the .40 line. This is the kind of data that cannot be ignored. It takes an opposite violent reaction to recover from such a negative event.
Not saying that it cannot happen, because, in effect that is exactly what happened Oct – Nov of 2020. However, the wave count does not support the notion that the market is “bottoming” at this time and going to all-time highs. In Oct/Nov 2020, the wave count DID allow and support the notion of a new all-time high since the 2020 plunge proved to be wave (E) of Primary wave [4] a huge expanding triangle.
An updated 3- and 6-month yield chart. The Fed fund rate is now a solid 1 point behind the market. There is justification for a 1-point hike tomorrow. Again, based on squiggles, the market supports the notion of an aggressive stock market rally in Minute [ii] of 3 of (3). The last great short-covering rally before the massive worldwide panic.
Otherwise, an outright crash is also not out of the order of things being that if this is the end of the world as we know it, you can forget about “orderly” selling and covering massive gaps down. At some point it will all break and break for good.
We haven’t even begun to discuss the massive dislocations going on in the interest rate swaps “CDS”. And the poor consumer. Tapping their credit cards, spending their savings, and their prime rates are going to go up tomorrow at least another .75 %. The middle class is getting hammered but of course that was the plan all along.
I never say they are “stupid”. Joe Biden is not stupid; he is clearly possessed by a high-level demon(s). They are doing exactly Satan’s bidding.
Imagine if China attacks Taiwan in this current atmosphere? What do you think would happen to worldwide markets?
[UPDATE:] I added the 3/6-month yield spread chart. A .50 hike is not going to cut it, a .75 is surely coming at the very least. A full one-point hike would shock the markets, yet the charts support it.
Remember, many Fed and high-level bankers secretly attend Bohemian Grove and Jackson Hole demonic rituals. In the long run, their marching orders are to tear this market down. The long running “paradigm” of the Fed always rescuing a plunging market at the benefit of the rich is a perfect setup in their favor. Wiping out trillions and bankrupting the middle-class (many of them Christians) will still result, in the end, the uber elite owning billions $. Sure, maybe a $20 billion fortune goes to $5 billion but they own it all anyway so why would they care? Proportion-wise they will still be the uber 1% of the 1%.
The best overall count is that the market is looking for Minute [i] of Minor 3 of Intermediate (3) price pivot low.
So much to say! How does one do it in a concise, coherent and organized manner? Well let’s break things down in categories:
MARKET TECHNICALS
Today was the worst day in a long-time market-internal wise. Bearish market internals are increasing, not decreasing. Well above an across-the-board 90% down day overall market wise. This very bearish down day is consistent with a concerted “kickoff” of a Minor wave 3 of (3) down. Every major index finished beneath the previous pivot spike price low of the past few months (except the Russell 2000). In that regard the market seems to be in a long-term agreement.
Another technical situation is that today’s low reached a down trending trendline. If tomorrow was to open smash mouth gap down through this trendline, then probably a full-blown market crash is under way. Some more commentary beneath the charts.
Again, the markets are at the mercy of overnight futures, so we shan’t waste too much time on things tonight. Technical-wise, the VIX is NOT yet at a new pivot high since November and the medium-term moving averages of the CPCE is far from a panic oversold situation. As is the simple mechanics of RSI and MACD of any daily chart you look at. In other words, there is plenty of technical bearish room to run on not only the daily charts but the weekly and monthly. So, this supports the overall bearish long term wave counts. But we knew that.
Finally, we can see that huge gap(s) down in the market indices (such as in the SPX) exists and we can make a certain logical wave statement as such: IF these gaps are to be covered THEN now is the best time to do so concerning a wave count interpretation.
The SPX wave chart below presents a potential extreme volatility view of the waves centered around the Fed meeting this week. I expect very wild swings and the count presented below supports such wild swings.
Today may have been the price low of Minute [i]. Note all the alternate possibilities. How would one trade this mess? LOL.
BEST SQUIGGLE WAVE COUNT INTERPETATION
The best overall count is that the market is looking for Minute [i] price low of Minor 3 of Intermediate (3) down. We can compare this to the 2008 selloff, the Minute [i] low coincides with a downtrend line. A very sharp bear covering rally ensued resulting in a short-lived Minute [ii]. Recall though, this was when the banks were forbid to be “shorted”. This situation doesn’t exist today yet any “news” could spark a violent final rally if the 2008 model is to be followed in form.
The “breaking” of this downtrend line was the heart of the panic selloff and was the steep “acceleration” downward of the overall wave structure. Look for something similar in 2022 to occur. Minute [iii] of 3 of (3) down. The market is in a very similar setup except the times are shortened and the down sloping trendline is much steeper. (See first chart of this post)
The Wilshire potential count. Perhaps Minute [i] low is in.
Followup on yesterday’s post on the “reverse” Zweig Breadth Thrust. It has been confirmed. A reader was kind enough to send a link showing I was not the only one who noticed. A Rare “Inverse Zweig Breadth Collapse” Triggers | Quantifiable Edges
(Note: I do not have the today’s BT data point until tomorrow. But do note the very bearish NYSE histogram red bars at the bottom of the chart. Worst day in 2 years.
The junk credit situation is not good. A Ponzi scheme can unravel very quickly.
What is the big difference between the market collapse occurring now versus 2020 and prior? Interest rates are exploding is the obvious difference. In 2020 interest rates plunged, in 2022 they are surging upwards! Markets under duress.
WAR IN UKRAINE. IS PUTIN DOING SATAN’S BIDDING?
What a strange war. I have suggested that Zelenskyy might in fact be the final Antichrist of Revelation in the bible. At the very least he is a “foreshadow” of the “little horn” of the Book of Daniel (the Old Testament Prophet) that arises to take out 3 global (think nuclear armed) powers. I have gone on to suggest those 3 global powers are 1) Russia 2) China and 3) Israel (to fulfill bible prophecies).
So far after 100+ days of grinding warfare, Ukraine has held although Russia is surely grinding them down. The real goal of Russia is probably to capture Odessa and likely Kharkiv so in that regard, the war seems far from over. But why is Zelenskyy still alive? Has the KGB of old lost its mojo on how to assassinate? Why isn’t Kiev leveled? Russia has no problem leveling cities in the east. For comparison, when the U.S. attacked Iraq in the Gulf War, we bombed the hell out of Bagdhad. And then we swiftly marched our armies and took the city within weeks. Is Russia that bad of an army? Is Ukraine that much of a good defender? Something else may be going on.
Both Putin and Zelenskyy were/are members of the World Economic Forum. The open goal of the WEF is to implement the Satanic New World Order as prophesized throughout the bible. Why is Zelenskyy still alive? Does it make sense? Why does oil still flow? The obvious answers are that Z-man is the West’s puppet. Yes, he is. But a deeper answer is that he is Satan’s ultimate puppet: The Antichrist. And he is protected from harm by the devil.
And what of Putin? He is also controlled by Satan. But for what purposes? To start a war with Ukraine and ultimately the western “democracies”. To bring about defeat of Russia so that the Russian people will align and get onboard within the New World Order. To neutralize Russian nuclear weapons which are firmly pointed still at the western democracies. It might be just in fact that Putin is in on it. Maybe he knows and understands fully, probably he does not.
I therefore propose this theory: Putin’s role is to advance the cause of the New World Order and bring about his own nation’s defeat. To bring about Russia’s neutralization and to bring its people into the fold of the New World Order whether they like it or not. Is this such a crazy idea? How many think that Biden and Uniparty is trying to bring about America’s demise? (Answer: LOTS) I laugh at all the pro-Putin and Russia comments on Zero Hedge forums, and think to myself, are they really that dumb to trust anyone in power in this world?
Putin cannot bring about Russia desolation through the methods of the Western liberal democracies such as moral degradation through LGBQT. And although western influence has certainly affected Russia and its satellite nations greatly, a more old-fashioned way through military grind in an unpopular war and eventual crippling economic sanctions might do the trick. Is he risking his own power? What was he promised by Satan? Or is this all just fancy thinking?
One thing seems clear: Satan controls all the world leaders at this stage. And all the world’s military leaders for that matter. The Satanic bozos Milley and Austin are the final puzzle pieces. It is now just a matter of Satan working the global chessboard into complete maneuvering for his will of a one world governmental system, a one world currency to control it, and a one world religion that worships the devil and the devil only. It is through global warfare and systemic collapse of the old system that will bring about demand from the people to implement the new system to come.
This is why I think the global financial system is in controlled demolition mode. This is why I think sooner, or later China will attack Taiwan probably before this year is out. Because Satan understands the wicked hearts of mankind and has put the wickedness to his use for his will. And if Zelenskyy is the Antichrist, he will prevail against Russia and Putin will lose, at least from a political perspective. And then Zelenskyy will be promoted to a new global alliance that forms against Russia/China. And worldwide warfare ensues. And great famines. More pestilences (at the hand of mankind) And then very great excess death. And with Hell – the center of the earth – filling up with souls at a rapid rate, great earthquakes will occur in many places. With a collapsed global supply system and financial system, people will be clamoring for solutions. And the devil and his minions, the Antichrist and False Prophet will seemingly have the answers.
But Dan, what about nuclear weapons? Surely, we risk total worldwide nuclear holocaust, yes? No, the bible does not indicate this will happen at least not until the final destruction of Babylon (United States) just prior to Armageddon. Christians will not be on earth for that event so no need to worry if you are saved.
The bible does not describe the tribulation period (the first 3 1/2 years of Daniel’s 70th week) as being a nuclear holocaust. God will not allow it to happen while his Saints are still on the planet before the rapture. Simply put, Satan does not have the authority to launch. This is what has kept the world safe all these decades. It was not a prudent mankind with a careful doctrine of M.A.D. that kept the world safe from nuclear annihilation, it was GOD who kept the world from destroying itself. Vengeance is the Lord’s! The world will end as God has ordained, not as man or Satan wants.
Sure, Satan maybe does want to launch all the weapons of the world, but does he, or could he? What does Satan really want? He wants to be worshipped as god and eradicate Christianity (Jesus) from the planet. But he will do this by fooling the world into thinking his puppet the Antichrist is their Messiah. The Muslims will think he is the final 5th Mahdi (prophet). The Jews will accept the Antichrist as their Messiah. Unsaved Christianity will claim it is the second coming of Jesus. Buddhists will think he is the final Buddha. Etc. etc. And thus the world will end just as prophesized in the bible. Every bit of it. Therefore I have no worries. Jesus said this must all come to pass and to keep the faith.
Could there be a brief nuclear explosion or 2 around the world? Maybe so. Maybe a couple. Certainly, having a major city – a locale being judged by God – wiped out will shock the global system into complete chaos and collapse. For instance, if Pakistan launched a major warhead and it blew up New Delhi. Or vice versa Islamabad was wiped out. You get the picture. But it is not something to worry about unless you are not saved to Jesus you need to be worried because you’ll go to Hell.
Is all this a shadow of things to come and I am perhaps many years or even decades too early? Sure. Could be. I am not dogmatic about timelines. The only thing we need to look for really is global warfare. And we are not there as of just yet so until it happens just keep living your life as best you can.
THE COUNTS
I placed the steep red downtrend line 3 trading days ago and so far, it has adhered, so I’ll leave it up there for good luck.
Friday finished again in a bear market. The general target for Minor 3 is many thousands of points below.
Interest rates. Big Fed meeting. A 1/2-point raise is not going to keep up with the rate of change the market it signaling to the FED. A .75 rate hike might be in order. A surprise for the market. But what choice do they have? They are playing catch up and the acceleration has not yet stopped.
The green arrow is about halfway between the 3- and 6-month rate which there exists a wide chasm at the moment between them. Much different than the last time rates went up as you can see in 2016 – 2019 time period.
The 6 month has poked through its long term down trendline.
The 3 month is playing catchup.
Interest rates are a global problem of course because it is a global Ponzi in nature.
China 50% retrace.
Global DOW rejected at resistance.
And finally, the NYSE breadth thrust data. I showed how there existed a “breadth thrust event” upwards but that according to the wave count of Minor 3 down, this should be negated by a comparable negative breadth thrust event downward. And although I won’t have the data point until Monday, I’m fairly confident that Friday ended beneath the .40 line making a negative event of only 10 days total from above .615 to beneath .40.
One can say this was a “Zweig Breadth Thrust” event in reverse since it met the 10-day criteria!
The overall primary count of the past week(s) has been that Minor 2 of Intermediate (3) has to play out and then after the peak of Minor 2 is “in”, the market will collapse in the power of a Minor 3 of (3) down. Perhaps today’s bearish close was the opening “salvo” of the next wave down. Note the final 30-minute bar of the NYSE histogram down volume ratio at the end of day. It finished well above a 90% ratio, the biggest negative 30-minute volume bar of the past 2 months.
The Wilshire 5000 again has a suspect data point in its opening surge and quick plunge back but it’s a minor nuisance so no need to make a big deal of it.
And although I had this count yesterday where prices plunged and recovered in a minuette (iv), that scenario was mostly based on a beginning day opening gap down and cover + (which didn’t happen) and instead we got a bearish late day plunge. But regardless, here is the chart if today turns out to be a small headfake on the path to the true Minor 2 peak. But again, the end of day price action was quite bearish.
The weekly shows the potential longer-term count. If Minor 2 has found its peak, then total market carnage is about to unleash. The plunge of Minor 3 would take prices, at a minimum, back to beneath the February 2020 high of (D).
The sary thing is that the Chinese markets may be “aligned” social-mood wise with the global markets. In other words, once Intermediate (2) finds its peak, the Chinese market will collapse also in spectacular fashion in alignment with the rest oif the world markets. the results could spur and bring about global war.
China attacking Tawain this summer with the U.S.A. Babylon instigating.
Junk is confirming the bearish move and is Transports.
The primary count has a triangle long winded in the making. It is on everyone’s radar so that probably makes it suspect. But still, that’s the best count so we’ll go with it.
Be on the lookout if there is a big open gap down. Since the market has shown its triangle hand and flashed it for many days, often that does not pan out as a result. Another interesting squiggle option is that the market gaps down and then explode higher to a new recovery high. The main point is that there exists another support layer lower in price.
The most important thing to take account is that there exist enough waves in place already to consider the count “over”. Minor 2 over. It might look like this. Again, we have the key support layers.
In this case, the market can be considered to be “consolidating”, not for a move higher, but a mega move lower. Sooner or later we will know.
