Market Update for Thursday, March 28, 2024
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Market Update for Wednesday, March 27, 2024
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Market Update for Tuesday, March 26, 2024
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End of the Royals & the Crown?
We have a trainload of possible events stacked up here and this script just keeps going on and on. But, it IS coming to an end and we have a definite end date of April 8 for new year of 2024 to start. It will end the 2023 year, as our new calendar, reverting to a lunar calendar, will have thirteen months in it, bringing back to a much more natural, godly world.
The script for this movie is getting crazier and crazier. My ridiculous meter broke some time ago, but I know that this weekend, it would have struck a new high. I’m personally getting really exhausted from this whole thing, as are so many others. Everyone wants it to end. The amount of misinformation is at an all-time high!
Speaking of nature, we have a blast of solar energies coming in this weekend (I’m already starting to feel them), leading up to a full moon and eclipse on Monday. The full moon occurs at 3am ET on Monday, March 25. The greatest eclipse happens at 3:14 am ET. The entire eclipse lasts 4 hours and 39 minutes, so it actually begins Sunday night.
There’s a reasonably high probability that we’ll see the eclipse on the waning of the full moon, a relatively normal occurrence, but the caveat to that is the very obvious manipulation of this market. I would think the final top will be triggered by an event.
What are the possible events?
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- the death of Charles III and the end of the Crown
- a major bank collapse (public announcement)
- the US government shutdown (partial shutdown in effect this weekend)
- the removal of Joe Biden (although I think this has to happen after the war is complete, which looks like it has a nuclear stand-off still to happen, like the original Bay of Pigs scenario of 1961)
- NESARA GESARA (or the end of debt, which is much the same thing) announced publicly
- the return of Donald Trump (publicly) as President (later on, I believe)
A war (and this one will be averted) does not historically have any affect on the stock market. Without that, we have a lot of events sitting in the wings, which makes it impossible to know how the powers that be are going to play this out.
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 the same time (more or less) by controlling the timing on the dollar. The dollar has remained hard to pin down, but it’s at a supposed high this weekend and should start heading down imminently.
Here’s that calendar back again, this time with my best guess on how this will play out, so that we have some frame of reference in terms of the market.
The market top is supposed to come first, before “DECLAS,” which refers to ten days of video playback. At this point, it seems to me to make sense to slot this in during the ten day period after the Ides of March (Julian). This would be our normal March 29. This would take us right to the new year and Easter (I believe).
Working it back, I would expect the market top to come this Monday or Tuesday, the three days of “Bay of Pigs” to last through to the Ides of March time period and who know what will happen during that three day time period. Well, I don’t know, but this seem logical, which doesn’t necessarily mean it will happen.
The APRIL SHOWERS, which refers to restitution funds being released to the general public. I still expect that all those who walked into the Federal Witness Protection Program will walk out after April 8 and that there may be an Inauguration of Trump & John John around that time.
Trump: “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 (Julian) falls on March 28 (Gregorian). I wrote the incorrect date in last week’s blog post. The military is working on the Julian calendar, as far as we’re aware.
There were rumblings that The Ides of March will mark the end of debt (as it did at the time of Julius Caesar), but I’d expect need to hear the announcement publicly of NESARA GESARA, I believe, before we will see it actually happen.
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. It seems to me that the announcement of the end of the Crown is imminent, with all the recent focus on what remains of the Royals, which is “not much.”
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.
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.
Other Elements to Keep in Mind:
The Emergency Broadcast System, backed by 3,000 Starlink satellites is read to go.
The Royals have all but disappeared. Kate Middleton is now apparently dead and I’m hearing the William was the instigator. There have been rumblings before now about William having committed a crime, so maybe this is how he gets exposed. Remember, this is a movie, so it’s mostly made up.
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 and, as I said, gets crazier and crazier..
Trump has won handily in all the states that have held primary and caucus elections. He has no competition.
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 (market? or something that triggers the market), 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 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 (2024). 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 about $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 23 — PDF DOWNLOAD: Restored-Republic-via-a-GCR-3-23-2024
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 extremely close to top, with only one more high required. 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. On this past Monday, we began our final ascent targets. On Thursday, ES, NQ, and the SP500 hit my measured targets and stopped.
I’d called for a top after the Federal Reserve meeting, but due to the position of the dollar (DXY, the US Dollar Index), and the fact that the military is in control of virtually everything, it appears the time target is linked to the full moon on Monday, March 25.
DXY (the US Dollar Index) has spent the past two weeks in a corrective rally which has now re-defined the upper trendline of a potential large triangle. It appears ready to turn back down. There are three possible counts here, but my top, most probable count suggests the triangle is in play, which would have a downside target in the 101.20 area (the bottom of the E leg of the triangle.
The alternative is a new low below 99.60.
This market is quite dangerous to trade, even though we know there is one more high to be had in the SP500. It may, or may not coincide with an event, for example, the end of the CROWN.
The Q folks yesterday telegraphed with their notice of a “dead cat bounce” (which, of course, it is not). In any event, it reinforces that fact that we’re heading up, and they’re in control.
WWIII is in progress, but I’m not sure where we are in the process. I believe it will end with the destruction of the 34 satanic buildings, and after that, should trigger the shutdown and the Emergency Broadcast System playback.
The exchange, NYSE, is a high but has one more test of that high to go. In that regard, most of the market has one more high to go.
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 30 MIN chart of ES (emini futures):
Above is the 30 minute chart of ES (click to enlarge, as with all my charts).
On Thursday of this past week, we reached my measured targets in futures and the SP500. The wave structure was questionable as the low volume makes the waves difficult to decipher at times. It appears now that we have three out of fives waves in place in the final C wave up, and are in a corrective wave down, which would be the fourth wave. We have one more high to go in ES.
The depth of this fourth wave would normally be a good indication of where the final wave up will end, but in an ending expanding diagonal, measurements are unreliable at best. So, we’ll need to see how it plays out. It’s a fragile world right and there are several events that could trigger the turn down (and also the length of this final wave up.
Much will also depend on the downside target of DXY. My highest probable target is at 101.20, roughly.
I expect the final rally to begin this coming Monday with the full moon. I don’t know if we’ll see the top on Monday or are to expect it with the waning of the moon, perhaps Tuesday. With the war seemingly now in full swing, we may be expecting a rapid conclusion. We’re still not being given good clues on timing, but we are dealing with an and of year of April 7, which is a major milestone and gives us another eclipse and moon phase the next day.
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. They need only to get close to the upper trendline, so we’re close to the culmination of the extremely long rally.
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. We’re supposed to see a quantity of them. It’s something to watch out for.
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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 War is On! 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, May 1, 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 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 25, 2024
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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 and it’s at the whim of the military. This is a manipulated market.
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 101.20) of what appears to be a contracting triangle or a new low, with a potential target of 99.60.
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 in the .691 area. 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 are corrective, and 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 appears still to be up to finish off what appears to be the final fifth wave.
USDJPY has tested the previous high at long last, which changes he prognosis. We appear to be near the top of a fifth wave, but it may have higher to go. I have a fibonacci inflection point at the 152 level and another one at 147.
When a final high is in place, it will mark the end of a trend and result in a drop to the 75 level.
See the video for short-term 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 have reached a new high. I have measurements for this final wave that target more than one possible top with a maximum high of 2426. This weekend, we appear to be in a fourth wave correction to the downside (in silver, as well)
It will turn back down when DXY reaches its final low and turns back up.
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, perhaps to the low 20s.
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!