I have been wondering if I am wrong on the timing of the end of the world. If I am, I suppose that is a good thing. Probably in that case the market will eventually go on to new highs and the world will not yet go into total turmoil.
The problem is, I have yet to be proven wrong on Daniel’s 70th week. The next few weeks/months will be very telling. I am expecting major warfare to break out on or about September 8th, 2022, latest by end of the year. So, until then, we reserve judgment.
The world is so full of lies I don’t even bother much writing about them anymore. Either you see that and are saved to Jesus Christ, or you don’t. Here is a way to be saved:
https://www.youtube.com/watch?v=PffhcV-xBks
Best guess count. Otherwise, I don’t really care. The ultimate bubble is hard to pop. Someday it will.
Yesterday’s NYSE breadth thrust data. The market is like a yo-yo. Although I don’t have today’s data, today was not likely to push this indicator below .40. Today would be “day 8”. If breadth plunges beneath .40 line in the next 2 days, we will have had 2 very rare negative Zweig Breadth Thrust events. And yes, I know that is not really a thing, but I can make my own rules.
This is happening at the same price level as the one prior in late May/early June just as I predicted a few weeks back in this detailed post here on 28 July.
The best squiggle count has the market nearing Minute [i] perhaps. I’m still counting on a decent down day over the next 2 days to trigger another inverse Zweig event.
Ezekial 45:12 is linked to Daniel 5:25 numerically giving strength to the idea that the number 2520 – God’s prophetic supernumber – is how we solve for Armageddon Day. I always wanted to numerically link that the only two mentions of “maneh” (in Ezekial) and “mene” (in Daniel) – were linked. Also otherwise known as “mina”, an ancient unit of weight. Mina (unit) – Wikipedia
“Writings from Ugarit give the value of a mina as equivalent to fifty shekels.[9] The prophet Ezekiel refers to a mina (maneh in the King James Version) also as 60 shekels“
The premise is that the “Handwriting on the Wall” of Daniel 5 is a dual prophecy. The immediate prophecy was fulfilled that night. The dual fulfillment points to Armageddon Day, 21 Sep 2028 based on the numeric value of 2520 of Daniel 5:25.
A 5-wave impulse down from the peak, a 3-wave gap-covering move up, and then another 5-wave smaller impulse move lower the rest of the day. It was across the board on all indexes of importance so that is something. I’m too lazy to label it.
I have been predicting global war before the year 2022 is out. So far it appears on track. China has been very aggressive over the last many weeks and even the last year. This level of aggressiveness only brings hubris to the Chinese rulers. Eventually all the war talk will manifest itself into real warfare. And once the first shot is fired in earnest, there is no turning back to the old-world way of doing things.
Is it any wonder the U.S., after having sold out to China for the past 30+ years in sending all our manufacturing over to China and also Taiwan, that the U.S. has just passed the Chips and Science Act of 2022? Do you think the powers to be that run the world don’t know that a war between the U.S. and China is on the cusp of breakout? Of course, they do.
On the other side of the world, Zelenskyy – our real-world Antichrist (or at the least, the Antichrist prototype foreshadow) is gaining political and military power worldwide. Almost all world leaders have gone and pledged fealty to him. Biden (possessed by high level demons) and the Pope (also possessed) have yet to go and pledge “fealty” to the “Jew” of the Ukraine. But when they do, you know it will be “game on” for Revelation playing out in earnest.
At any rate, my timeline for Daniel’s 70th week is still on target. I have suggested recently that August would be the “last hurrah” of the old-world system before the takedown in earnest. And it seems to be so tracing out an Intermediate wave (2) that will peak when it is damn well ready. The only “rule” is that the Wilshire 5000 will not see new All-time highs.
My timeline suggests something will happen on or about after the first week of September. And it could be that the Chinese are just waiting for the calmest time of the year to conduct amphibious operations across the Taiwan strait which is September through November. This is another strong reason why I think they will attack before the year is out – they will lose the weather initiative for another whole year. And Xi wants greatness – I am sure Satan is putting that in his heart to attack.
So, enjoy the relative “peace” (unless of course you are in Ukraine) while it lasts.
Again, there exists enough squiggles in place to consider the count over. If this is the case, the preferred count is below. VIX is diverging a bit.
Next best squiggle I suppose.
Yesterday’s CPCE data. This is one I am watching closely as there seems to be an observable pattern in place. The 10-day moving average (green) should move down to the green trendline as well as the peak daily moving average (purple) should make a max low near the purple trendline. Keep an eye on this.
VIX in slight divergence, CPCE moving to an aggressive position, and JUNK is in slight divergence no new high today.
Wilshire overall volume does not reflect a move to a new high. It is subdued. I don’t have today’s data yet though. The 61.8% Fib – well within “normal” for a wave (2) retrace – is also horizontal resistance. Being that the market is now overbought for the first time since the November peak, it should stiffen up.
I’m still counting on the NYSE to NOT regain the Minor 4 of (1) price peak pivot. We shall see, I guess. This is the point where intense selling began the last time prices were this high. I suspect that previous sentiment still exists at these levels. People have been handed a “gift” of getting out at very good prices.
The dog days of August continue with the market oblivious to anything outside of its own momentum. Which is how waves work to begin with.
The squiggle count was slightly reconfigured to account better for the latest wave moves. It allows for wave [v] of C of (2) to advance as high as it needs and is not price constrained by making the third wave the “shortest”. This is on a smaller scale the count had at since the 2020 low… which is why the Wilshire is counted the way it is overall since March 2020.
The SPX closed the gap where prices “broke” away 3 times previously in late April/early May. We have a slight negative divergence with the VIX occurring today. Higher prices, but not lower VIX.
Coming up on the 200 DMA.
The weekly is very interesting. Let’s see if these trendlines mean anything.
