Market Update for Tuesday, March 19, 2023
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A FED Top Coming?
This manipulated market just gets stranger and stranger!
We’ve now had over three weeks of sideways action inside an ending expanding diagonal. The pattern now reminds me of not having enough closet space. On the five minute chart, ES looks like is has nowhere else to go without breaking the EW rules. We’ve now had multiple double bottoms while we wait for the final rally. The rules are not broken and I don’t expect them to be, but we’re certainly pushing it!
The other challenge is the huge differential between cash and futures. ES is about 65 points higher than the SP500. I’m not sure what to attribute it to. Is it the huge amount of debt and the fact that it’s being discounted as entities roll over (banks, particularly)? Is it the fact that GESARA is law internationally (the rainbow currencies in use) but not nationally? Or that bond yields are about to roll back over (could be this week). We have a huge financial crash on the way!
Equinox is on Tuesday, March 19, the day before the Federal Reserve monthly announcement on interest rates, at 2pm ET on Wednesday. Equinox (the first day of spring) often foreshadows at change in the market trend, so this is a powerful combination. After a Federal Reserve announcement, most often, the market turns the following morning. However, it’s also been known to turn on the announcement (if it’s positioned to do so).
The market never changes trend unless the waves have completed the required wave structure. This time, we’re very “long in the tooth,” so we may well see the turn on the announcement. Of course, it does depend somewhat on the content of the announcement.
The market not only “looks” like it should finally top this week and the fact that the banks are “teetering” supports that supposition. This has been the strangest topping process I’ve ever seen and I’ve gone through many tops, even reviewing them throughout the past one hundred years.
But, it’s an extraordinary time, and it’s become obvious in the past months that the military is in control of everything, as well as the market. They are seemingly coordinating everything to reach a climax at once by controlling the timing on the dollar. The dollar has finally starting moving to the downside, as expected, and that makes a top very close at hand.
The elephant in the room right now is the banking system. It’s about to collapse (and has been for a couple of weeks), but the information is not out in the public and it has not reached the market. Part of that latency is normal, as all indices have to get to their targets (new highs), but it’s still a wonder that we haven’t seen a top yet.
However, my calendar of last week seems to be playing out (there may be one or two day discrepancies, but the one thing that is certain is that April 8 begins the new year (of 2025?) and everything has to be finished by that point. Here’s an update calendar with a similar list of dates from Whiplash (of Telegram app fame), who is apparently a White Hat (there has been a question for quite some time). I have updated the calendar I presented in last week’s video below:
Here’s the Whiplash countdown, starting with March 11 (it seems to match what I’m hearing from other sources, along with the natural events (like equinox)
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- 11th = 9
- 12th = 8
- 13th = 7 New Moon, Mr Pool Overnight. XRP (QFS?)
- 14th = 6
- 15th = 5 (IDES OF MARCH)
- 16th = 4
- 17th = 3 (St Patricks Day) [THEY] Fooked.
- 18th = 2 Mr Pool Missing R in Surpise. (this may be a marker, it usually is, but I don’t have more information on it) Is this the John John Reveal?
19th = 1. — Last Day of Winter, of E.O & Constitution to Flip Election & Control of Military, 21 Day Countdown.
CASTLE ROCK & THE EVENT, STORM, EBS all before or around here.
Mr Pool smiley face. Eyes [XX] = 20th. Mouth [XX1] = 21st (4 Booms).
Last is Magical = April 1. April Fools Day. Those in the Federal Witness Protection Program walk out.
Movie Credits will roll.
APRIL SHOWERS.
All those who walk out of the Federal Witness Protection Program will be at the Inauguration of Trump & John John on April 3rd.
You will love how this movie ends. (PT — but they’re NOT telling us beforehand)
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Additional Notes on Timing
Monday, March 11, was an important day because it was the final day in which the Federal Reserve could provide loans to help prop up banks. I would suspect that this will put a final nail in the coffin of this extended rally. But we need to give it a few days as this information does not hit the main stream media news.
March 15 was important for a number of reasons, as it was the Ides of March, which relates back to the assassination of Julius Caesar and the fall of the Roman Empire. However, on the Julian Calendar, the Ides of March falls on April 8, which is the start of the 2025 new year.
There were rumblings that it marked the end of debt, but we’ll need to wait for the announcement publicly of NESARA GESARA, I believe, before we will see it happen, in fact.
The Roman Empire is still a force to be reckoned with, particularly when it comes to law and the courts around the world, especially within the commonwealth countries. I believe the announcement of the end of the Crown should happen at some point this week.
Above are the confirmed bankruptcies in the banking industry. In Europe and the United States, these are the largest banks and they’re intertwined. The demise of Evergrande will have added impact on the real estate industry worldwide.
There is a full moon in play on Monday, March 25 (with an eclipse). I don’t know if this will factor into the market schedule.
The military is in control and the crazy thing is that most of what we’re seeing and hearing outside the mainstream media is a “movie.” Very little of what’s going on out there is real. With over 45 years in television, I can tell you that with the proper planning it’s not that difficult to create the WWIII scenario using television and internet media. They’re now telling us that this extended WWIII climax is finally going to move forward. It was always supposed to be three days but it seems like it’s gone on for a couple of months now.
Putin was removed in about 2017 and replaced. Trudeau was removed in 2018, I believe, and people like Tucker Carlson, Sean Hannity, and all other major leaders of the world are also gone. Many of these personas are being used by the military as “deep fakes” (computer-generated) or by people in masks, to help spread the truth through the main stream media and elsewhere.
It’s a wild time to be watching so closely and try to figure out the timing of a market that is so clearly out of our control, from a timing perspective. The absurd thing is that is still moves and conforms to expectations from an elliottwave perspective.
What I know:
The Emergency Broadcast System, backed by 3,000 Starlink satellites is read to go.
The Royals have all but disappeared. Nobody has seen Kate Middleton since December. Kate is a male, so there have been quite a number of jokes about what the supposed surgery she had was really all about. The remaining royals have cancelled all public appearance.
Sausage-man Charles has been given six months to live (wishful thinking, I’m sure). Charles, the sausage fingers guy is on his death bed with cancer. The Pope isn’t doing well, either. Camilla is off on a vacation, it appears, due to stress and Randy Andy (Prince Andrew) is hunkered down with reports that he was trying to pull strings to keep Epstein out of jail. The movie continues with its twists and turns.
Trump has won handily in all the states that have held primary and caucus elections. He has no competition.
(What we were told has not yet materialized; it’s very frustrating to be lied to continually, but you have to remember that this is war). The new financial system (QFS) is in the current banking system (what’s left of it) and ready for distribution. We’re supposed to see enhanced old age pensions during the second week of March (updated). In terms of the conversion of currencies, we’re told we’ll see the first tranche complete by March 15. That date is coming up a lot lately. The timeline, we’re told, is Easter (April 1) which is supposed to hit after the 28th of March, which would be the end of the lunar month (in preparation for the conversion for a calendar year of 13 months).
You can’t count on any dates they give you in the Restored Republic Situation Report. In fact, I would guarantee that what they say will happen on a date they provide will absolutely not happen on that date. That you can count on!
Med Beds have apparently been distributed across North America and are under military control.
The “black swan” event, as they call it, should be the first sign of the looming shutdown and will really start the dominoes falling. I believe that refers still to the market crash.
It’s simply THAT big, to the point where it’s difficult to adequately explain the enormity of what is happening.
I’ve seen the first of what are supposed to be many pictures of Obama in tribal attire, holding an AK-47. This is supposed to warm of an impending internet shutdown, but we’re supposed to see many of them. I don’t expect the internet to go down until we get closer to the Emergency Broadcast System playback.
We are in THE STORM and arrests are coming in hourly of big names and little names, but all complicit in the tyranny and trafficking operations that have been going on for many decades all over the world.
Wealthy, big name elites have been dumping vast quantities of stocks over the past two weeks, too many to mention. (This is actually the military in action, as their assets were seized when they were convicted through tribunals, which have been ongoing). Many of their homes are on the market.
The wake-up period is going to be intense, and once the internet goes down, there will be no trading for a period. There is no information, as of yet, as to how long it will last, or what will remain of the market once it starts back up again. My sense is that after the crash, which I think will be fast, we’ll start back up again from where we left off, but I could be surprised in that regard.
April 8 is the BIG DATE — the start of a new year (2025). There will be a TOTAL SOLAR ECLIPSE (very rare) and I’m hearing it will be extended throughout three full days. More to come on this later, barring the internet going down.
Any information coming out over the next week I’ll send out to you, of course, as soon as I have it.
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Bonds Almost Ready to Roll — TNX
Above is the 2 day chart of TNX, 10 year Treasury yields. We have a first wave down from abut $50.25, with a corrective second wave up to the 62% retrace target (not quite there yet) with a target of 45.00. Look for a turn back down and a short setup with a downside target of the current low at about $5.00.
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From last week …..
The Emergency Broadcast System Incoming!
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- Military in training for Implementation of the Emergency Broadcast System
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- This will ensure everyone is safely placed in their home and able to witness the historical moment that reveals all of the truths, cover ups etc. through the E B S which is imminent.
- There must be a test and then a review of all occurrences and activities. The possible implications on a National and Global level can be quite complicated so things must be in alignment to the protocols. Yes there are many consequences if things aren’t done with precision and perfection. This is the practice run before the real one folks to see responses and accuracy to what is forthcoming which changes humanity.
- We hear the schedule is now finally firm ,but again I’m just the messenger. Be ready to adjust if needed in regards to possible time changes. Only a select few know the moment of exact and precise timing of events. For security and other obvious reasons it must be properly kept private.
- The E B S is going to air playing an 8 hour video. It will be replaying 3 times a day for 10 days Communication Darkness. During those 10 Days of Communication Darkness the following things will happen.
- We will receive 7 “Trumpets “ aka E B S text messages on our phones alerting us to tune into our TV at this time.
- Our phones will only work for 911 and we are informed the Signal App, which is military encrypted will be available.
- Our internet will not work during that time. Our ATM’s will not work. After the 10 days of Communication Darkness, we will connect to a new quantum internet.
- People are urged to stock up on at least three weeks of food and water. Be prepared with food, water, toilet paper, generators etc. for this great awakening reveal.
- We are promised the new Star-link Internet System by the end of the month.
- As we speak the teams coordinating this important historic event are revamping the E.B.S to ensure the utmost security for all involved so remain patient as things get finalized. They want to make certain there are not any interferences of any sort at all. Those making the plan want no one to panic whatsoever because it’s simply the release of the truth.
- After the E B S and we’ve gone through the 10 days mainstream media blackout and sat through all the 24/7, (eight hours long movies), do we go back to normal like business as usual? Answer is: After E B S and the 8 hours long 24 7, movies all will change. The, life support, attached to the old and evil systems will be pulled. Humanity, and planet Earth simultaneously move to quantum reality consciousness system (Peace and Prosperity). End of Financial and Human consciousness enslavement. Old systems of Government, Education , Finance, Health, Trade and Commerce etc., will all be dismantled and replaced.
- We will have new currency called the USN US NOTE and gold backed.
- The time is now to alert as many who will listen. Do not have too much pride. Go warn those you love even though they think you’re crazy. Your goal for others is truly to help absorb the shock of what is coming.
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Justice Thomas the Hero?
I have long believed that a crash of the size we’re expecting is likely going to coincide with the overturning of the 2020 election and I’ve added a “blurb” below about a pending decision from SCOTUS. We know it’s sitting in the wings, but I’ve had no more information on it this week.
There are other potential news events that could exert influence on the market and appear imminent:
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- the public announcement of NESARA GESARA which would be usher in a golden jubilee (the forgiveness of debt on a worldwide basis). I hear that Med Beds are going to be announced shortly after the NESARA GESARA announcement.
- the removal of Joe Biden publicly, which would signify the end of the foreign corporation, USA Inc, which has been masquerading as a government since 1871.
- the public announcement of the Quantum Financial System and the new currencies, which would supersede the dominance of the US Dollar as the reserve currency.
- the turning over of the 2020 US election by the Supreme Court of the United States, which would immediately bring Donald Trump back into power publicly (he is actually the Commander in Chief and has been since the 2020 election). There is intel that suggests Trump is “coming back” any day now.
- the announcement of martial law and a worldwide lockdown, leading to the Great Awakening and exposure of what has been going on behind the scenes for the past seven years. Martial Law is in place internationally now, but not domestically.
- the public demise of the Crown, the death of Charles III, and the unveiling of Queen Diana, which is surely coming very soon. The latest intel is suggesting the end of Charles any day now with William about to take the reigns (William does not have a claim to the thrown; he is, in fact of Spanish royalty).
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OPERATION: SANDMAN (Still “a thing!”)
(with DXY heading up in a final fifth wave of a flat, I would expect the Sandman Operation to start next week, after a top is in place. The Sandman Operation should send DXY down and SPX up, due to the fact that dollars coming back to the US would be deeming inflationary. DXY moving lower would be inflationary.)
“Project Sandman” describes a 100+ nation agreement that, when triggered, will see those nations simultaneously dump the dollar and abandon the “petrodollar.” When this “event” is triggered, the dollar and all dollar-denominated assets will plunge. (this is what we’ve been told)
What will happen (this is a planned event by the US military) is that one hundred, or so, countries, will sell their US dollars back to the US and will cease holding dollars. This would be perceived as inflationary to the US, as these dollars would move back into the US treasury, and drive down the dollar, which is what we want to have happen.
The other potential driver of the dollar is the release of huge amounts of humanitarian funds (and restitution funds — think seniors) which are believed to be in fiat dollars initially, with a release we keep hearing is imminent (in fact, long overdue).
Nearly 60% of international reserves are held in dollar-denominated assets, and it’s by far the most-used currency for trade. The dollar is involved in about 88% of all international trade transactions.
When Israel is defeated in this current war, the main stream media, which it owns, will also come down. At that point, we should be ready to roll into the Emergency Broadcast System playback around the world over a ten day period.
So, the “cavalry” seems to be waiting on the edge of town!
The fireworks are about to begin!
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Situation Report for Saturday, March 16 — PDF DOWNLOAD: Restored-Republic-via-a-GCR-3-16-2024
CAVEAT: The Situation Report just scrapes information from a variety of channels in the Telegram app, without any attempt to determine reliability of that information. Use your own discernment as to what is accurate, or believable. Dates are starting to become a bit more reliable, I think.
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We’re in the STORM — the STORM Brings Justice
There are still several tasks to be undertaken in terms of doling out justice. We’re in THE STORM which is responsible for mass arrests now happening worldwide. As in any movie, there are always details at the end to wrap up the plot. This movie is no exception. You’ll see a list below. It seems we’re going to see some of this happen during the Emergency Broadcast System playback and perhaps, even after. I’m hearing that martial law is going to be in place for quite some time to come. Military tribunals and live executions are scheduled for the summer of 2024. Many have been completed, but there are a lot more to go, at lower levels of corruption.
This warning graphic below will remain up as a reminder of the impending change in fortunes that is not very far off in the distance and will definitely affect the market.
TUESDAY? The 34 Satanic Sites
Here’s an updated list on the 34 satanic sites that are going to be destroyed. The ones followed by xxxx are ones already taken out. Others may have a note after them.
It’s sounding like this coming Tuesday may show some more progress in removing these satanic sites from the Earth.
xxx means gone/taken down
34 SATANIC SITES
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- Ark of Bal xxx
- Augusta Germany Castle
- Biltmore Hotel, Coral Cables,Miami
- Buckingham Palace
- Cern in Switzerland
- Bhoemian Grove xxx
- Comet Pizza in Hollywood xxx
- Denver International Airport
- Epstein Island Dome
- Georgia Guidestones xxxx
- Hoover Dam
- La Louvre in France
- London Bank 1 xxx
- London Bank 2 xxx
- London Bridge London
- London Bridge Lake Havasu City, AR
- Northern Castle (Biltmore)
- Notre Dame Cathedral in France xxx
- Opera House in Sidney Australia
- Pentagon
- Playboy Mansion xxx
- Statue of Liberty – son
- Stonehenge – about to go
- Tesla Building (will be a free energy tower)
- The Getty Museum xxx
- The Queens Hunting Lounge xxx
- The Vatican
- Three Gorges Dam
- US Capital
- Victoria Secret’s Home xxx
- Washington Monument – soon cracked
- White House 1 (Germany)
- White House 2 (D.C.)
- Windsor Tower – soon
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Looking at THE STORM and Upcoming Events
We still have these major events still to go. With all the delays, they simply haven’t happened yet, but that doesn’t mean they won’t. Everything seems to be planned to happen in rapid succession.
UPDATED. 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:
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- (in progress) WW3 Scare Event. Nuke Sirens: This is the Russia/Ukraine false flag war and may come to a head with Super Bowl. The Q Team has always said, “Israel will be last” and we’ve now exposed Israel. The buildings that are “going down” and imploding are listed above. They are either pre-wired with explosives or they will be hit with Direct Energy Weapons). Pending.
- Changing over to Tesla Free Energy (this will require power to go off around the world, but it will be a short blackout). We’re told to still expect this soon
- (partially complete, but don’t know the count) 34 satanic buildings & dams bombed — I think some of these buildings have already been taken out, but the major ones still have to be dismantled, probably with Rods of God. The major buildings appear to be part of an energy grid system that has keep the natural energy of the Earth suppressed — more on this to come. The White House is apparently going to be imploded; it has already been wired up with explosives.
- (Reports now CONFIRM that something happened on August 29 but there are also suggestions it’s still got to happen.) 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 and Big Pharma, and will be the beginning of the end for them. Bitcoin Servers turned off (99.5% of Crypto gone) — this involves the dismantling of 24 nuclear reactors under the dam that provide the electricity for Bitcoin.
- Martial Law — Has been implemented internationally and It will likely stay in place much longer as the cleanup continues. The announcement and appearance on the streets will alert to the Great Awakening (The Emergency Broadcast System).
- AND, of course …. the public announcement of GESARA. GESARA has been signed off by 209 countries, so it is, in fact, law.
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Enjoy the Awakening!
Know the Past. See the Future
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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.
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All the Same Market.
I’ve been mentioning for years 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 (my estimate, early 2022).
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 as 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.
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Trend Changes: How to Enter with Reduced Risk
First/Second Wave Combination: This is what to look for if you’re entering a trade after a trend change.
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Here’s the latest daily chart of the SP500
Above is the daily chart of the SP500 (click to enlarge).
We’re very close to top. However, the market continues to be manipulated related to timing.
We’re currently in the fifth wave of an ending expanding diagonal in the SP500 and in futures. We’ve been moving sideways at the same level for over three weeks now in both the SP500 and the NDX.
I think it’s obvious now that they’re going to top the market with the Federal Reserve announcement this week at 2pm ET on Wednesday. Note that the normal procedure is for a turn on the Thursday morning after the announcement. I think we’re more likely to see a more immediate reaction.
Equinox is on Tuesday, March 19. It’s the first day of spring, of course, and more often that not is a marker for a trend change, which would normally happen within a week or so, either before, or after.
DXY (the US Dollar Index) has spent the entire week in a correction which has now overlapped a previous wave down. There’s now a question as to whether we’re going to see a new low here, or the E leg of a developing triangle that’s formed. The triangle idea would normally be an extremely low probability occurrence, as they rarely begin a new leg (in this case, to the upside). But, it IS a manipulated market ….
Futures and the SP500 had a small rally on Friday with the labor report, but came back down later in the day. This makes this market quite dangerous to trade, even though we know there is one more high to be had in the SP500.
The Q folks yesterday telegraphed with their notice of a “dead cat bounce” (which, of course, it is not) that we’re heading up, finally, this week. That’s a no-brainer, because there is no other option at this point.
The 3 day EVENT (WWIII) will play out over the next three days, through Tuesday. It should end with the destruction of the 34 satanic buildings, I believe, and the rest of the week, after the market top, should at some point, trigger the shutdown and the Emergency Broadcast System playback.
The exchange, NYSE, is a high and more or less sitting, waiting to turn down.
The SP500 (and futures) are in ending expanding diagonals which are ending patterns. The end of this expanded rally is at hand. For ending expanding diagonals, the final fifth wave of the pattern cannot rise above the upper trendline (in bullish versions of the pattern). Ending expanding diagonals end trends and they do it dramatically.
Once we reach our target (and other asset classes reach theirs), we can expect a turn down, which will become a crash, dropping below the 2000 level in the SP500. I think the downside number is closer to 1800.
The Sandman Operation is still in the wings, in my opinion, as I now consider it deflationary because the vast amounts of fiat currency that will flow back to the United States will not go back into the economy, therefore going out of circulation, which is deflationary.
I continue to watch for signs the internet is shutting down, which could happen at any time. We’re getting close!
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GESARA is law internationally but has not been enacted domestically. This is in order for governments to be able to trade with the new currency. When NESARA GESARA is announced worldwide, It will shut down governments, courts, and police worldwide, trigger a golden jubilee and bring in natural law throughout. It’s a major milestone.
We’re told that the shutdown coming will include the internet, so this would put a halt to trading, and would likely mean we’d just pick up again from where we left off after the Great Awakening video playback is over.
Based upon recent intel, the Emergency Broadcast System seems imminent.
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Here’s the latest 60 MIN chart of ES (emini futures):
Above is the 2 hour chart of ES (click to enlarge, as with all my charts).
There’s an anomaly in the e-mini futures charts, as I mentioned last week. As of the expiry of the March e-mini contracts (NQ and ES), the differential has risen to unprecedented levels relative to cash. ES, for example, now has a differential of about $65 (higher than cash).
Both are in ending expanding diagonals. These patterns require that the final wave terminates at, or near, the upper trendline. I don’t know how this discrepancy in prices between futures and cash is going to work itself out. Does the final wave up in cash end much lower than the norm, or does the higher level in futures end above the trendline. This is new territory, so caution is warranted.
I expect the final rally to begin this coming Monday, and rise into the Federal Reserve announcement on Wednesday at 2pm ET. My sense is that we’ll turn there, based on all the other commotion (and resulting pressure on the market) from all the other expected events of the earlier part of the week. Traditionally, the market tends to turn on the morning of the day after the announcement, Thursday.
We’ve moved sideways in futures for over three weeks now, so there is pressure building to end this pattern. It’s extraordinary how long this pattern as taken to play out; the entire market is quite clearly being manipulated. We simply have to wait and watch for the setup, which will happen.
We have ending expanding diagonals in play in NQ, ES, the SP500 and NDX. These are ending patterns and when complete, they reverse the trend dramatically. However, they need to get close to the upper trendline, so we know we have another wave to the upside still to go.
NOTE: There are supposed to be visuals of Obama in tribal attire with an AK-47 as a warning that the internet is going to shut down. I have seen one visual about a week ago, but we’re supposed to see a quantity of them. It’s a start, so something to watch out for.
Everything else you need to know is in the weekend video. I think.
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Summary/longer term: ES and NQ are setting up for a “crash.” With the coming crash, I expect a major trend change to the downside, in what will possibly amount to a capitulation move, with a target below the 2000 area. This would be the REAL “crash” that has been anticipated for some time.
Reaching the bottom should result in a worldwide shutdown. I believe that once we complete the Emergency Broadcast System and internet shutdown, it will be time to look for a trend change to the upside, with a rally to highs well above 5000.
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Housekeeping:Site navigation: You can find all the specifics on site navigation and elements you might not be aware of by clicking here. This Week’s Free Blog Post: The Dam is Bursting Forex Trade Calculator — for calculating profits in the currency market Futures Simple Calculator — for quick calculations in the futures market Problem receiving blog comment emails? Try whitelisting the address. More info. Upcoming Possible Market Mover EventsNext Federal Reserve Annct: Meeting is Wednesday, March 20, 2024, with a statement at 2 pm EST. NOTE that the Federal Reserve is bankrupt, has been rolled into the treasury, and has no actual influence on the economy. After the EBS kicks in and everything is exposed, further meetings will probably be abandoned. It’s all a show. Next US Labor Report: Friday, April 6, 2024, 8:30 am EST. SentimentMarket Sentiment from CNN Business Moons, Eclipses, PlanetsMar 19 — Equinox, first day of spring. Mar 25 — Worm Full Moon, Prenumbral Lunar Eclipse Apr 8 — New Moon, Total Solar Eclipse Apr 23 — Pink Full Moon May 23 — Full Moon May 8 — New Moon Jun 6 — New Moon Jun 22 —Full Moon Note that we’re about to change calendars. When that happens, I’ll update the dates above. |
Looking Ahead — Housekeeping (UPDATE)
I have promised to keep the current trading platform in place until at least the end of the bigger crash (from 5000 in the SP500 down to 2000), which is now close at hand. I’ll be reducing the ability to subscribe for longer than three months, as I expect the crash to happen over a relatively short amount of time.
Finally, If internet goes down for any period of time, I’ll extend current subscriptions for that amount of time.
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Market Report for Monday, March 18, 2023
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Longer Term Charts (updated for the coming week)
These charts below are updated each weekend. They do not get updated during the week.
Above is the 4 day chart of the SP500. (click any of my charts to enlarge).
The current count puts us in the final C wave of an ending expanding diagonal, the same as futures. This is an ending pattern and is warning of an impending trend change. We’re waiting for a top, which I believe will now likely be mid-week, with the Federal Reserve announcement.
We’re setting up (slowly) for a large “crash,” with a target below 2,000.
After the drop to below the 2000 area, the next major move will be to the upside. The expected new all-time high, based on the broadening top pattern being in play, should reach above 6000, so we’re looking at a very large move to the upside.
Much more in the weekend video.
Above is the weekly chart of the US Dollar Index. DXY is now moving down to either a new low or the E leg low (at about 101.00) of what appears to be a contracting triangle or a new low, with a potential target of 98.75. The second case would be because of a regular flat in play. If the latter case, the C wave of a regular flat should come down in five waves.
Once a bottom is in place for DXY, the next major move is to the upside and a new high in the 121 area, at least. This would coincide with the expected “crash” to the downside expected in equities (and futures).
See the weekend video for the long term prediction for DXY.
Above is the 4 day chart of EURUSD. We are in the midst of completing the projected blue X wave up.
On the long-term, 4 day chart, it’s easy to see that we’re potentially moving to a double top at about 1.13, which is also the 62% retrace level of the previous wave down. This is setting up for a turn and a very large wave to the downside, which is likely to hit the .78 level and perhaps lower.
This prediction aligns with an initial move down to a new low for DXY and then a precipitous drop for EURUSD to a new low and longer-term, potentially much lower.
See the weekend video for details.
Above is the 4 day chart of AUDUSD.
The short term direction should be to the upside, as I expect a corrective rally to double top at .717, or close by at .692. This coincides with the drop to the current low expected for DXY (DXY and AUDUSD move opposite to each other).
Once the rally completes in AUDUSD, I expect a turn down to test the current low, at .549. There’s a good possibility that AUDUSD is in the last wave down of and ending expanding diagonal (you can see the trendlines on the chart). In that case, we’d be expecting a further decline to around the .450 level, or below.
See the latest video for details on short term moves.
Above is the 4 day chart of USDCAD. The short term direction is to the downside.
The waves up from 1.2 look corrective, but seem to be tracing out a triple zigzag to the upside that will eventually rally to a new high above 1.469.
First, though, we need to confirm a low is in place for the current corrective wave down, which is targeting 1.3 roughly.
Once a bottom is in place, expect the large rally to begin. A high above the current all-time high, the target of 1.5 roughly, would complete a corrective 5 waves up and result in a very large retrace, back down to at least the 1.20 area and possibly much lower.
The short-term moves are covered in the weekend video.
Above is the 4 day chart of USDJPY. The larger direction is still up to finish off what appears to be the final fifth wave.
USDJPY is not going to a new high, and has not topped. So, it’s still in a fourth wave and will complete a C wave down, most likely to slightly below the current fourth wave low, perhaps to 137.50. Then it should turn back up to a new high to complete a final 5th wave.
See the video for details.
Above is the 4 day chart of gold (actually XAU/USD). The long-term picture is that gold is near the end of a protracted topping process.
This past week, we began the long-expected rally and are now at a new high. I have measurements for this final wave that target 2188, 2245, and 2283. I don’t expect it to reach above 2300.
It will turn back down when DXY reaches a new low.
Double tops for both silver and gold will lead to large waves to the downside, confirming a bear market for both.
See the video for short-term expectations.
Once we confirm a top in place, expect a large drop for gold to as low as the 1442 area initially. The current rally is the final fifth wave up and will lead to a longer-term bear market.
Above is the daily chart of WTI oil. No changes here this weekend.
We’re in the final zigzag down of a triple zigzag pattern. After a full analysis of the waves down from 131.77, my preferred target is the $34 level, but we could drop even lower.
Short term, we’re in a correction to the upside that I believe will end at the $84.53 level. Then look for that $50+ drop to at least the $34. area.
See the weekend video for the short-term prognosis.
Good trading!