This past week, SPX broke through the “ledge” that I described last week. We traced out a flat to do so. There’s a potential flat in NQ, as well, but the subwaves are different. In fact, the C waves in the SP500 and ES are different configurations.
On top of that, the flat itself is upside-down to what you’d expect at this point in the fourth wave, bear market, we have unfolding to the downside.
The market moves are getting even stranger, but this is the market we have, so we have to deal with it.
This weekend, I thought it appropriate to spend a little time on combination waves, because we’re seeing one unfold in the current bearish fourth wave.
Above is a chart showing combinations and the patterns that make them out. The two combination patterns above are each referred to as “triple threes.” That’s because corrective waves form a 3 wave pattern overall and there are three corrective patterns in each of the two examples above. These two examples are for bull markets; for bear markets, you turn them upside down.
Let’s look at the structure of these Elliott wave patterns that make up a combination. A flat is 3 waves (3-3-5), a zigzag is 3 waves (5-3-5), and a triangle (3-3-3-3-3) is counted as three waves, even thought there are 5 waves (each wave in three sub-waves). I know, all very complicated. But as you study Elliott waves and see these patterns over and over again, they begin to make more sense the more you see them play out.
There are also “double threes,” which only contain two patterns. You’re allowed a maximum of three patterns in a fourth wave correction.
NOTE: The waves depicted above are horizontal in direction, but in reality, they would either slope up or down, depending in whether we’re in a bull or bear market.
Fourth waves are always corrective. At small degree (smaller waves), there may be only one pattern that plays out. At this high degree, you can pretty well count on at least two patterns (a “double three”).
We’ve completed two patters, by the looks of it, a zigzag and now, a regular flat. The next pattern could be a zigzag, a flat, or a triangle. The probability is that it will be another zigzag.
Let’s concentrate on the lower combination in the graphic above, because it a very good indicator at the moment of what probably lies ahead.
We’re sitting at the W location this weekend. You can see the ABC flat that we’ve just completed to the left. Normally, the C wave of that pattern would point to the upside, but not so this time. I’m guessing it’s a stalling tactic, because flats completely retrace (they’re three wave patters, after all) and so, in this instance, it’s not advancing the combination pattern. In other words, it’s a “do-over.”
The next pattern shown is a zigzag to the upside. It should completely retrace to the flat and end at the top of the ‘a’ wave of the flat. It becomes the X wave, and is not counted as one of the three patterns allowed in a combination.
Next, I expect we’ll see a final zigzag to the downside. It will drop much lower than what’s shown above, and this is the pattern that I believe will be triggered by an event (the demise of Biden?). I’m thinking Tuesday/Wednesday of this coming week.
This week looks to pick up substantially in volatility:
- We have lots going on in this ongoing revolution, with hints that we’re going to see major events during the coming week.
- This coming Saturday (April 30), we’re expecting a partial solar eclipse. This usually results in a trend change. I believe this will mark the bottom of the fourth wave (either Friday or the following Monday).
- Biden’s laptop is supposed to “drop” in the first part of this week, according to the gentleman who’s compiling it. It should lead to his resignation and the reinstatement of Trump publicly
- The Queen’s death will most likely be on Thursday, leading to a three day shutdown, and then ten days of mourning (think EBS playback). This would suggest a May 1 start to EBS.
“I will expose my father’s killers no matter who they are, even if I have to take down the entire government.” …JFK Jr.
Saturday, the 23rd saw the seventh trump rally. This is the last of the seven “trumpets” that we’ve been expecting. There’s apparently a live-stream this coming Friday, which could very well lead to the infamous tweet warning of EBS, or it might even replace it if the take-over of Twitter doesn’t make it in time.
The seven trumpets lead to the triggering of the Emergency Broadcast System and the declaration of seven kings and seven kingdoms. The Queen has to die before we can see the seven kings come to power. Look to the seven leaders of the Alliance for a clue as to who the seven kings might be.
There is no mountain we can’t climb. There is no summit we can’t reach. There is no challenge we can’t meet. There is no victory we can’t have!” — President Donald Trump
The world is about to change. We’re now on the cusp of the Great Awakening. This week will be huge in terms of declassification and we may end off the week with Operation Blue Beam, which is projected to be a hologram of the arrival of extraterrestrials to the Earth. Time to grab the popcorn. Remember, white hats are in control, and hae been for quite some time.
April 22 Webinar — theTruthSage.com
This weekend, I’ll leave you with a large segment of the webinar I put together for my clients in my site, thetruthsage.com last Friday to bring them up to speed on the information I’ve collected in the past few weeks.
I’m going to re-organize how I deliver information. The amount of information that’s come out in the past year is overwhelming and for many, I can understand that’s a big issue. I’ve likely written at least a couple of books on this six year covert war (it began in 2016 when Trump was elected). It’s a rather “fantastic” revolution we’re going through, unfolding before our eyes, if you’re willing to look.
The challenge has been how to present so much information at a time when only about five percent of the population know what’s going on. Once the Emergency Broadcast System plays for ten days (starting about May 1, I believe), many more will be on the same page that we’re on. It becomes much easier then to organize the information into smaller chunks, based upon the general level of awareness. This current situation is impossible, due to the enormity of the changes, the huge quantity of information being declassified, and the method by which it’s being presented (in bits and pieces, for the most part). We’ve never had change like this in the history of mankind.
As a result, I’m moving towards more regular videos and webinars. There’s a lot of information on my truthsage site and I’ll be concentrating there on how to help people understand the new world (Earth 2.0) that we’re moving into.
We’re in the BIG EVENT and THE STORM. There are elements of this BIG EVENT that remain to come to fruition. One of them involves Iran, which is now complete. Turkey was on that list and it’s also complete. Ukraine is done. Taiwan was supposed to have been completed on April 15. That leaves Israel and a nuclear standoff, which appears to be in process.
It is a magnificently planned movie, as far as I’m concerned. It’s been difficult to follow the action, as the confusion was planned, with actors in masks, clones, animated deep fakes of many leaders undergoing “live” interviews on media, and body doubles in some cases for many of the major political leaders, who are by now, all gone on a one-way trip to a military tribunal.
Before we see the Emergency Broadcast System start up, we’re going to see a short blackout worldwide, and a change-over to the new internet. Mainstream media will have to come down as part of that process. Make sure to back up anything you want to keep that’s now on the internet. Much of it will go away in the transition to the new system.
We still have these major events still to go. I don’t know what the timing will be, but it will start to get obvious in the coming days, I think.
We’re now in the GREAT AWAKENING phase, but THE STORM is still underway. Some of the expected events below have happened (GREEN CHECK MARK) and some are in progress:
- (in progress) WW3 Scare Event. Nuke Sirens: This is the Russia/Ukraine false flag war. The real end target it Israel. It’s the rathole where the Zionists live (they own main stream media), the Mossad hangs out and the last of the Kharzarian mafia (the Rothschilds, and friends). As the Q Team has always said, “Israel will be last” and the buildings that are “going down” and imploding, meaning they’re pre-wired with explosives). Big announcement about Iran coming, also, and Turkey is on the list.
- Changing over to Tesla Free Energy (this will require power to go off around the world, but it will be a short blackout)
- (partially complete, but don’t know the count) 34 satanic buildings & dams bombed — I think some of these buildings have already been taken out. They appear to be part of an energy grid system that has keep the natural energy of the Earth suppressed — much more on this to come. The White House is going to be imploded; it has already been wired up with explosives.
- (Reports are that this has happened.) Breaking of the 3 Gorges Dam in China. This dam sits above Wuhan and the plan is that the water from the break will destroy the Wuhan lab, which has a link to US Big Pharma, and will be the beginning of the end for them. Bitcoin Servers turned off (99.5% of Crypto gone China Coins) — this involves the dismantling of 24 nuclear reactors under the dam that provide the electricity for Bitcoin. This is going to be cover for the breaking of the 3 Gorges Dam.
- (now in Ukraine, Canada, US and possibly some others) Martial Law — for the ten days dubbed “ten days of darkness,” and beyond. It will likely stay in place much longer as the cleanup continues. Actually, it should be called “ten days to the light!” It will be the Great Awakening as we see round the clock video that explains most of what’s been going on the last 5 years to overthrow what’s been going on for two thousand years! — the Illuminati.
- AND, of course …. GESARA (which officially came in on Feb, 22, 2022).
They’ve recently said, “You’re watching a movie, but it’s coming to an end.” The action is Ukraine is a really big ending because it’s all being played out in the media. The population is not at risk.
The long wait is finally come to an end. It sounds like this coming week is going to be another week to remember, maybe even more important than last week!
The Birds and the Bees
OK, we’ll leave the bird until later ….
When scientists first examined bumblebees, they didn’t understand how bees can fly with such a large body-to-wing ratio. According to physics, it is impossible for a bumblebee to fly with such small wings.
However, what they didn’t understand at first is that bumblebees don’t actually fly, they levitate.
Inside a bumblebee there is a hollow cavity next to the larynx. When the bees flap their wings, the cavity begins to resonate with the same resonance as the Earth’s magnetic field at 7.83 Hz.
The bee then becomes a free agent within a magnetic field, allowing the bumblebee to levitate.
This is the kind of knowledge and technology that they have been hiding from us.
“If you want to find the secrets of the universe, think in terms of energy, frequency and vibration.” Nicholas Tesla
Enjoy the Awakening!
Know the Past. See the Future
Free Webinar Playback: Elliott Wave Basics
If you’re new to the Elliott Wave Principle, or even fairly comfortable with it, this webinar will give you a solid introduction and comprehensive understanding of the difference between trending and counter-trend waves, the various patterns for both types of wave patterns, and a good overview of how fibonacci ratios determine trade targets.
This is link to the YouTube playback video, allowing you to review, stop and start, etc.
Want some truth?
My new site now has several extensive newsletters in place. Videos now explain the banking system and deflation, and I’ve provided lists of what to do and what the start collecting in preparation for the eventual downturn, which will last for decades. The focus of my new site is now to retain your wealth, plan for deflationary times, and stay healthy in the process. I’m also debunk a lot of the propaganda out there. It’s important to know what’s REALLY happening in the world today. This has all been predicted and we know how it’s going to play out. Getting to the real truth, based on history, is what I do, inside the market and out.
All the Same Market.
I’ve been mentioning for months now that the entire market is moving as one entity, the “all the same market” scenario, a phrase that Robert Prechter coined many years ago, when he projected the upcoming crash.
We’re in the midst of deleveraging the enormous debt around the world. Central banks are losing the control they had and we’re slowly sinking into deflation world-wide, with Europe in the lead.
The US dollar is fully in charge of both the equities and currencies markets. They’re all moving in tandem, as I’ve been saying since September of 2017. Over the past three years, their movements have been moving closer and closer together and one, and now they’re in lock-step, with the major turns happening at about the same time.
it’s challenging because often times currency pairs are waiting for equities to turn, and other times, it’s the opposite. The other frustrating thing is that in between the major turns, there are no major trades; they’re all, for the most part day-trades. That’s certainly the case in corrections, where you very often have several possible targets for the end of the correction.
We’re now close to a turn in the US indices, currency pairs, oil, and even gold. Elliott wave does not have a reliable timing aspect, but it looks like we should see a top very soon.
Have not had a losing week RW 2
A true expert in Elliott Wave FL 2
The best of them JL 2
Tops in your field DZ 2
Couldn’t be happier … KK 2
Get an upper hand … JC 2
US Market Snapshot (based on end-of-week wave structure)
This chart is posted to provide a prediction of future market direction. DO NOT trade based upon the information presented here (certainly NOT from a daily chart).
Above is the daily chart of ES (click to enlarge, as with any of my charts).
We got some movement to the downside the latter half of this week, but it's not going to last. In fact, I'm calling for a reversal in futures back up to where we started last week.
We traced out a regular flat on the hourly chart. They're generally difficult to trade, but we caught it, anyway. It was anticipated based upon the wave structures that were playing out.
A flat is a three wave (3-3-5) corrective structure that typically moves in the opposite direction from the trend. The trend at the moment is down, although some might argue that "you'd never know it" ... lol ... and I don't disagree. This is a horrendous market, something of an Elliottwave "test."
However, this flat is moving with the trend. I've never seen that happen before, so I think it's just another attempt to stretch time, because I'm fairly certain I know how this is all going to play out; we'll likely see the targeted final low by the end of this week.
In the meantime, I'm expecting a turn back up this weekend and a retrace back up to where we started, around 4520 in ES. That's because flats completely retrace; as I said, they're corrective patterns (and ABC pattern) and corrective waves/patterns fully retrace.
Usually a flat in this position (in the middle of a bearish fourth wave) that is moving with the trend, would end the trend, but that's obviously not going to happen here. That's what the wave structures are telling me.
It also fits with what I'm expecting to see from the US military this week and that's amounts to a very bearish week after this retrace is done. I expect it to be an event-0driven week.
The fourth wave we're in allows for a maximum of three distinct patterns within it. We've now traced out a zigzag and a flat. That leaves one more and I believe that will be another zigzag (once we retrace). It may complete by the end of the week.
There's a partial solar eclipse on Saturday, April 30.
The larger direction remains down. We've been, for some time now, at the whim of the US Military and Allied Forces in this biblical war that's several years in. As I look at the market asset classes, I cover, it's clear to me that we're waiting for an event with financial implications. I believe the key event will be the removal of Biden and re-instatement publicly of President Trump.
USD currency pairs are aligned with equity futures, and are showing patterns that also point to needing a retrace. Oil however, hasn't moved this past week and it sitting "waiting." The larger direction is down here, too.
So, we're generally in wait mode at the moment, but in a market that is becoming more volatile. Expectations haven't changed in terms of direction, it's timing that's the question.
Here are some event possibilities to increase momentum:
- Queen Elizabeth's public death announcement
- Trump being reinstated publicly as President
- Clinton public arrest (already been executed)
- Obama public arrest (already been executed)
I've been expecting a "capitulation wave." It's still predicted, but perhaps beginning about mid-week.
A capitulation wave is the wave that gets everyone thinking the market has topped and is heading down. Many will jump in short at the bottom, or near the bottom, only to be rudely awakened when the market suddenly turns back up and heads for that final fifth wave high.
The final scenes of this movie are playing out — not much longer to go until we see freedom from the dark, satanic overlords.
Summary: We're to heading down to finish off the large fourth wave, which will ultimately lead to the final fifth wave up to end the rally from March 2020.
The larger wave up from March, 2020 is a zigzag, as expected (a 5-3-5 pattern). It will eventually completely retrace to the downside. In terms of the subwaves, we're heading down in the final fourth wave of the C wave of this year and a half rally. There's a good chance we'll see an "unexpected" capitulation move, which is quite often what happens with the final fourth wave before a top.
Once we've found the bottom of this fourth wave (pending), we'll trace out a final fifth wave up to a new high. The entire move up from March 2020 is almost complete.
Once we've reached an area below 2100, we'll turn back up to climb to a final slight new high in a fifth wave of this 500 year cycle top.