Daneric's Elliott Waves

Everywhere extremes. The July 2023 intraday high has not been taken out but the closing high matched that from early 2022. Who really cares? The whole thing is full of rottenness underneath. Itis now my conviction that when the second seal of Revelation (global war) comes – and it will come as a shock – the entire global financial system will collapse no matter where it is at.

Imagine this scenario.:

Suppose Ukraine did not actually surrender all their nuclear weapons in the 1990’s back to Russia? Do you think they would have been so stupid as not to guarantee a “Safety net”? Either keeping a few nuclear bombs in secret and/or diligently learning how to build their own? It is getting desperado time in Ukraine.

Now just imagine a nuclear bomb goes off somewhere in this world. Do you think the “authorities” would not use this pretext to lock down the entire world yet again in the name of national global security? LOL of course they would! And people will fall in line quicker than covid because nukes are real, and real dangerous.

Do you really think the children of the devil will not commit the most heinous things to achieve global power? We may be about to find out.

I still have 15 February 2024 as a possible 2nd seal of Revelation date. The day when all hell breaks loose on earth.

In the meantime, deal with this mess. No doubt they need to keep this floating for as long as possible to fund the production of war machinery until the moment is ripe to collapse the entire system. It’s coming. Until then, enjoy the Holidays and Merry Christmas!

Well, that seems about right. Big market collapse should be coming next. There is no more room for wave [ii].

Market is feeling the resistance of the downtrend line from the 2 great peaks.

“NEW” INDEPENDENT FUNDAMENTAL BAPTIST (NIFB) CHURCHES

If you are a Baptist (and hey, that is what all saved Christians should be) the best churches to go to are NON-Zionist that teach truth and are NOT dispensational.

I have linked to the NIFB many times you can find sermons and pastors and their churches here allthepreaching.com

One church that is not linked yet to the above is Love Assembly Baptist Church in Montgomeryville PA. For those on the east coast that are spiritually dying in a watered-down, Zionist Baptist church, I highly recommend you check it out.

Here is a rock-solid sermon on the post-trib/pre-wrath rapture that the bible clearly teaches: Post Trib Pre Wrath Rapture – Sermon by Pastor Obinna Ofoegbu – YouTube

THE COUNTS

Almost there. I didn’t realize how huge that open chart gap was. No wonder the market is trying to close it. I suspect it comes close.

Still a bit of work to do to fill out the final squiggles of a potential wave [ii] peak. And I will say this: this may be the market’s final rally and even if new all-time highs are made, that won;t change my outlook on this.

Remember, 15 February 2024 is my primary “second seal of Revelation” date. Global war. We still have some 90 days to go. It matters not what the market does, but if and when Babylon USA and another superpower goes “war hot” against each other, either Team USANATO vs Russia or China or both, the stock market will collapse. It’ll be “all of a sudden”. Of course, wars usually are also started in only 1 day.

It seems the market is taking a run at the small open chart gap at the top near Intermediate wave (2) peak. The downtrend line is a potential stopping point. If wave (2) is taken out, then arguably a 5 wave move from October 2022 low has occurred and likely the market will make a stab at a new all-time high between now and February 2024.

But first things first. Just a ridiculous massive open chart gap up today.

Best squiggle count is that we are looking for the peak of wave iii of (c) of [ii].

It appears that 5 waves up to a VERY sharp wave (a) has formed. Perhaps we are finally seeing wave (b) weakness in some form of consolidation of the amazing gains made over the past many sessions. If wave [i] down is a falling wedge overlapping 5 wave “leading diagonal triangle” as it is labeled, we can expect a very sharp and very deep rebound and so far, that is the case. So, it’s not unexpected.

Last Friday triggered a Zweig Breadth Thrust event of only 6 days on the NYSE. Make of it what you will.

Expected bounce seems to be following through.

A back test of the underside of the broken channel line may be in store. That implies black ii is located much higher to the underside of the lower black channel line.