We’ve been told by Lindsey Williams that the gangster elite cabal will default on the debt, but that doesn’t mean they won’t raise the debt ceiling on August 2nd. Both can happen, as they could raise the debt ceiling but decide not to pay on any debt holders outside of the US… specifically, they are going to default on paying the largest holder China!
Another person named Michael Ruppert sees the US just flat out defaulting on its’ debt this coming August 2nd. While it’s uncertain exactly what will happen, the charts are looking very toppy too me right now. Since nothing has been reached as of this Sunday afternoon, the Asia markets aren’t likely to get too excited tonight and rally on like it doesn’t affect them. If they sell off anything serious, you can expect it to carry over the the US markets Monday morning.
While I’m still not sure if the top is in, or if we will go up and make a new high before the August 2nd deadline, we should at least sell off some on Monday and Tuesday to work off the extremely overbought conditions on all the short term charts right now. It really depends on what is said about the debt ceiling… or what is “not said”. Uncertainly will lead to violent swings, and I definitely see that coming next week.
However, thinking like a gangster (and looking hard at the weekly chart) I still think we will put in a new high before collapsing on August 2nd (or the July 30th turn date?). That weekly chart looks like it wants to push up more before rolling back down again. Plus, the daily chart is still pushing up on the Full Stochastic and I don’t think it’s ready to rollover just yet.
An ‘ABC’ up move is still in the cards, with the A wave likely ending on Friday, and B down to start this Monday. If it ends on Tuesday (or early Wednesday)… with some good news announcement about the debt issue (planned, scripted, timed, and staged of course), then we should see a big rally up to make our C wave. If that happens, then we should expect a new high to be put in… possibly our FP of SPY 138.86?
Then the unthinkable occurs on August 2nd, 2011…
The deal that they thought was sealed (which caused the C wave up) falls apart and the debt ceiling isn’t raised… causing the stock market to tank hard! This also should cause a crash in the dollar as when the debt of certain “dollar holders” (like China) is defaulted on, no country will want to hold them. Whether it happens like this is just speculation of course…
But, eventually the dollar will collapse regardless, as it is already planned to happen by the Evil Reptilian Illuminati Gangster Elite Cabal… (wow, what a long name for those thugs!) What will likely happen is that they will be forced to add another stimulus package to pay the debt here in America (like Social Security, Medicare, Pensions, etc…), which many more printing of the dollar… hence it will be worth less, and collapse back down.
Once the dollar breaks through the 72 level of support, it will fall like a rock and likely take the stock market down with it! “But don’t the dollar and the stock market trade opposite of each other… you ask?”. Yes they do… for now! But I believe that at some point in the future, they will trade in sync with each other. Meaning, when the dollar falls, so does the market… and when it rises, so does the market.
Why you ask? Simple really… right now investors look at a weaker dollar as positive for American companies that sell goods and services to other countries. This results in high profits for those companies, which means better earnings, and a rising stock price. That well remain true until the dollar hits a level that cause fear into investors because of inflation rising.
Those higher profits on a weaker dollar won’t mean much if American’s can’t afford to feed themselves or drive to work because of hyper-inflation that’s coming!
Meaning, a weak dollar will cause weak profits in American companies because people will be too poor to buy anything anymore. Therefore, earnings will fall, and so will the stock prices of those companies. Who will be able to afford an iPad when they can’t pay their electric bill? The crap will hit the fan, as companies start laying off more people because of low sells… which leads to lower sells as those people that are now unemployed will stop buying goods and services too! It’s a vicious cycle that will cause the Great Depression Two!
To get an idea of what will happen, you have too go back and look at the fake documentary the Illuminati made called “Oil Storm”. (Download it here: http://reddragonleo.com/OilStorm.avi) They made this movie shortly before they (George H. Bush, George W. Bush, David Rockefeller, Jay Rockefeller, Henry Kissinger, Bill and Hillary Clinton, Dick Cheney, George Soros, Warren Buffet, etc… most of which are Reptilian Shape Shifters) attacked New Orleans by creating Katrina with their HAARP weather weapon.
You need to re-watch the movie and pay attention to what hasn’t happened yet… like the woman freezing to death in her apartment because she can’t pay the electric bill. This is because of the death of the dollar, where hyper-inflation makes people’s $500-$1,000 per month social security check only capable of buying half as much as it did just a few years ago. Yes, the government will still pay the people their welfare, social security, and pension checks (I think they will?), but each dollar will be worth so much less that it won’t be enough to pay the bills people have. Many older people will die from freezing to death in a really bad weather, or from starving because they can afford to eat.
Let’s also not forget about their medicine that they won’t be able to afford as medicare and medicaid will make cut backs where they will stop paying for certain prescriptions. Make no mistake about it… this is the evil plan that the Illuminati Reptilian Gangsters have planned for a long time, and they intend to make it happen.
On another note, Ben Fulford seems to know the order of defaults coming…
While you certainly can trade off of what Benjamin Fulford tells us, it’s still great information to know. He does tend to assign dates for stuff happening, and they rarely are accurate. I’m sure this is the Illuminati’s way of trying to discredit Ben, as they change there dates when he discovers one and announces it to his readers. This is actually a good thing, as it means that they can be stopped. If enough people discover their plans ahead of time, they will be forced to change them.
Lindsey Williams stated that too many people are waking up to the enslavement that the Illuminati Reptilians have had them in for 4,000 plus years, and that it’s forced them to back down from their plan to raise oil prices to $200.00 per barrel. They apparently pushed that off until next year, but I suspect it will be an overnight surge in oil by some false flag attack they stage, as trying to rise the price up slowly isn’t working too well for them right now.
Anyway, back to Ben Fulford and his latest…
The gangsters are still losing their grip slowly but surely as their money supply is still cut off by the White Dragon Society (the good guys). According to Ben, there is more then enough money out there in the world to rescue all the countries facing default, but that money won’t be used until the gangster cabal is removed from power once and for all. This means that the gangsters will certainly default at some point soon, as they can’t keep this ponzi scheme going without access to more money… which the currently don’t have.
Ben sees the defaults coming in the following order… Greece, Ireland, The Baltic States, Spain, Italy, France and finally The United States. Between now and the end of the year is certainly going to be a very scary time of our lives it seems. Some good news seems to be the fact that the Evil Illuminati Reptilian Gangsters have backed off from their attacks on the New Madrid fault line (using HAARP) here in the Mississippi River area in America.
They also backed off from their attacks on Mt. Fuji in Japan, which they were trying to get to explode (using HAARP again) sinking Japan into the ocean for sure. The Japanese people are one of the few that have stood up to the Evil Cabal, and risked everything to do it. They have been attack by these piece of crap scumbag lizards for doing so… which makes my blood boil with anger toward these murdering bastards! In my book, the people of Japan are hero’s!
However, let’s not lose track of the facts…
The Illuminati are still in control right now, as evidence clearly says so. The recent April 30th to May 1st Legatus Gangster meeting was the top in the market and a major turning point for it. I still believe that the next Legatus Illuminati Reptilian meeting will be the top of the market too, with what I speculate to be a Major Wave 2 up ending just before the week of October the 23rd… the last day the gangster meet.
That also works well with the charts right now, (assuming the August 2nd date is our turn date to start Major Wave 1 down… which should go well into late September I believe). Then rally up into late October (fooling a lot of bears that will assume that October will be down as much as September and/or August… which it still could be, but after October 23rd).
But, if the gangster truly do lose control of the stock market, then who knows what will happen? Maybe the good guys will rescue the economy with all that money they have waiting to help us (which they will only use once humanity is freed from the Reptilian Bush, Clinton, Cheney, Rockefeller, etc… gang), and the market will rally! If so, then we should see the public arrest of these people for murder… but I doubt if that will happen between now and the end of the year.
So, that leads me to believe that they will still retain control of the stock market and that the planned crash will still happen at the end of the next Legatus meeting this October 23rd, 2011. Between now and then we should see the start and conclusion of Major Wave 1 down and 2 up…. which both should be very profitable if you can figure out the bottom and top of each wave?
I’ll try of course, but I’ll need your help. I’m sure they will start putting out multiple FP’s as to where they plan to take the market too… so keep your eye’s out for them, and post them here on the blog (or email them too me, and I’ll post them for you).
On to the short term charts…
The 2 hour, 60 minute, 30 minute, and 15 minute charts all show a rising wedge that should breakdown soon. While it could be argued that the charts put in a bull flag on Friday (which would lead to another move up on Monday), I’m not so sure on that call? It looks like a failed bull flag too me, which means it’s free to gap down on Monday to break the rising wedge. Will it? I guess that depends on how the overseas markets react to no agreement being reached on the debt ceiling over the weekend, and how much of that spills over into the US markets?
Personally, I think we will gap down on Monday, but that’s just a feeling and not something I see in the charts. The daily chart is still going up and could rollover at anytime now, while the weekly argues for another positive close by next Friday. Of course that doesn’t mean we can’t go down first, and then rally later in the week. And the weekly is also coming up on resistance on the Full Stochastic, which also are hooking over right now. This leads me to believe that this will be the final up week before the selling starts.
Let’s also not forget the New Moon is this July the 30th, a Saturday… which has been a pretty accurate turn date indicator (+/- 3 days) over the last several months. No matter what the government gangsters say about on August the 2nd, I see a big turn coming. Will it be an “up move” or a “down move”… that is the question? Assuming the market doesn’t crash this coming week and only puts in a “B wave down”, I’d expect the move going into the turn date to be a final up move… meaning that the move after the turn date would be down.
Adding it all up, I’m sticking to my guns that we will see an ABC move up into our turn date window, followed by a big sell off in August. As for the FP on the SPY of 138.86… it’s a target, but not a guarantee, as it’s an old print and could have been changed by now? I’m only focusing on the time period, and not specifically the price level. We shall see I guess…
Red
_____________________________________________________
After 3 weeks of tinkering around, fixing pages and plugin’s to work properly, I’ve decided to do a Pre-Launch with what I’ve finished and work on it as I go. After all, it’s what everyone does… launch it first, and fix the bugs later as they are discovered! So why should I be any different?
But before I go into that…
I need to let of a little steam. I’ve had one of those days where everything seemed to go wrong… I’m sure you’ve had one too! From the gout that’s attacking me and making me hop around like I have a broken ankle to the flat tire and the 2 hour wait at Goodyear Tires to get it fixed… and then the added crap that I’ll be working this Sunday (I usually take Sunday’s off, and work various hours during the week because my schedule is flexible)… and finally the constant heat and rain that makes it even hotter when it finally stops, I’d say I’m pretty frustrated right now!
So forgive me if I start rambling on some tyrant about some subject that has nothing to do with the stock market. I’ll eventually cover that subject too. (Besides that, I give you all week to read the post now, as I only do video updates to the weekend post instead of a new post every day). I have to remind myself from time to time that I started this blog to post my thoughts on the stock market, but fell down the rabbit hole and discovered the Reptilian Aliens as the ones’ pulling the strings behind the curtains making the Wizard of Oz look real.
Now that I know that it’s all just an Illusion, just like the word “Illuminati”, I’ve gotten a better understanding of the game they play and how it shows up in the charts before hand… if you know how to read them properly? The news events are all timed perfectly with the charts, so they can panic you when the market is bottoming and get you to buy when it is topping.
While I’m not sure what will be said next week to ease the fear in the market, I do believe something will happen and allow the market to rally. How far is the question I can’t answer, but I do see a rally attempt starting. If it plays out in an ABC move then the A wave up and B down could have next week ending about flat, slightly up, or slightly down. Then the following week would produce the C wave up and end the last week of the month with a nice positive close.
The New Moon Matches Up With The Debt Ceiling Deadline…
This works out nicely with August 2nd debt ceiling deadline period as being the top in the market. I’m not sure if we are going to put in a new high (hitting my 138.86 SPY FP from March of this year), or a lower high… but my gut tells me it will go about the current high. Why you ask? Because that would surprise the most amount of people, and wipeout the last bear.
Then you would have to shock the market with some surprise news around the date of the debt ceiling vote. What could that be? I don’t know? Maybe they will hint at the debt ceiling being a obvious necessity, that will surely be passed… and then they don’t pass it? Or it could be some other economic event, like a larger country defaulting on it’s debt? It doesn’t matter what the news is, as we all know it’s already planned and will happen anyway.
We just need to be prepared around that period. The New Moon is on July 30th (a Saturday), and the deadline is on August 2nd (a Tuesday). While these new moon cycles and full moon cycles are perfectly accurate (as to calling the tops and bottoms) they have been very close lately. As long as all the other cards line up in place (which I believe they do), this coming new moon should mark the next top… whatever it will be?
Jumping Back To My New Site StockMarketBloggers.com
Ok, I want to go over the new site I put up for everyone to join. It will be in a pre-launch testing period from now until maybe this time next month (about 30 days). After that, I plan to start marketing it on the Internet heavily (as well as this site too, so traffic should start to pick up here and you could see some new commenters). During this pre-launch period I will depend on everyone to give me their input so I can make changes to the site to improve it and make it as easy as possible for everyone to learn, navigate and post on.
It’s a lot different then this site, as first… it’s not just a “red pill taker” site, it’s for everyone and focused exclusively on the stock market. Secondly, it’s setup with a plugin called “BuddyPress” that is basically a simple “Social Network” where like minded people can discuss the market, promote their blog (if they have on?), make friends, etc…
There Is NO Other Site On The Internet Like It…
This site has a free chat page that is a great backup for when Disqus isn’t working. While I’m sure it will slow down with a whole lot of people on it, (and frustrate everyone and myself too), it can still be fun and useful for those people that day trade and have been looking for a place to chat… that is still faster then Disqus.
Don’t get me wrong, I’m not trying to replace the disqus system as I still use it and love it. It’s great for what it’s designed for, but if I had to compare it to something… it would be “email”. Where as the chat page on this new site would be more like some “instant messaging program”… both have their purpose and need, which is why I installed it.
The posts on the blog are currently being pulled in with the RSS Feeds from the various bloggers we all know and love to read. Most are listed here in my blogroll, but I’ll be adding more new feeds from new bloggers when they contact me and request to be promoted. I created this new site to promote all those bloggers that have great information but struggle to get traffic and comments to their blog.
Many aren’t as lucky as I was, as some how I just got traffic (and comments) to this site by accident, as I focused on a niche that no one else was covering… “the dark side of trading”, as in the Illuminati Reptilian Elite Gangster thieves that control, manipulate and run the stock market (hiding in their caves for fear that the sheep will wake up and go kick their ass!).
It was a subject that many were interested in, and I got some followers from it… p.s. I’m working on another site that is just exclusively for us “Red Pill Takers”, but it’s not finished yet. I’ll let everyone know when it is, and we call all go deeper down the rabbit hole together (it’s safer in a group anyway… LOL).
Back to StockMarketBloggers.com…
The BuddyPress Plugin has the ability to add a forum to it, so I did. While it’s not as fancy as some forums, it’s still a great place for “wannabee bloggers”, (or bloggers with little traffic to their site) to start a forum thread (like a blog post) which could get them more well know in the blogsphere community and bring traffic back to their site (assuming they have one… if not, then maybe they will start one after gaining loyal followers?).
Anyway, I encourage everyone to go sign up at the site, browse around, join/or create a group…. and start a new thread in the forum (again, like creating a new post… but it sticks around for much longer as it doesn’t scroll down to the bottom of the page like a old blog post does). Be sure to watch the introduction video in the header on the main page (also located on the page called “watch me first”), and then check out the FAQ’s (video’s) page, as that should tell you more about how to use the site.
Finally, On To The Market Next Week…
If all goes as planned the market should rally up on Monday and struggle, but eventually I see a nice wave A up to be put in with and expected top at either the resistance level of 1331 or 1340-1345 area (on the SPX), concluding probably by Wednesday (I give the latter the higher odds). Then a B wave down to put in a higher low with an expected target of around 1320-1325 area. That might be the close for the week on Friday or so?
Then the last week of July should produce a wave C up to make our new high (not positive on this, but I give this scenario the highest odds of a new high being hit before the August 2nd debt deadline). If so, then that week should be up very nicely, while this coming week should be choppy and possibly ending flat, with little gain or loss either way by this coming Friday.
By the way, the “very important” downward sloping trendling on the ES never did have a confirming break (2 days below it is needed to be a confirmed break, with the 2 day closing below the closing low of the first day). This trendline starts at the May 2nd closing high of 1352.25, connects at the June 1st closing high of 1307.50 and continues downward to present day.
There is a new downward sloping trendline (which I show you in my video) that connects the May 2nd high to the July 7th high of 1352.00 (closing level), and that level will become strong resistance to the market with the coming rally. Projecting it out 2 weeks into the future would put it around the high 1340′s to low 1345 area… which is why I’m unsure if a new high will be put in or not?
I will be more focused on the time period it takes to reach that level of resistance, then the level itself. If the resistance is hit this coming week or early next, then it should pierce it and hit a new high (like the 138.86 SPY FP… or about 1388 SPX). If it makes its’ first hit of the trendline on Friday the 29th of July, or Monday the 1st of August (the last trading day before and after the new moon on Saturday the 30th… a likely turn date in the market), then I think the trendline will hold the bulls back and NO high will be put in.
So, as you can see, it’s never as simple as calling a date and price level for a top, but a combination of many things… which include the forecasted news, the charts of course, time to get there (as many have used “T” theory to estimate the next turn date), as well as Astrology (including moon cycles). Oh… and let’s not forget the “manipulation factor” as we have too listen to the gangsters speak on TV as decipher their “buzz words”.
Yes, when the Reptilian Illuminati Gangster Warren Buffet and his kissing cousin George Soros speak… I listen. After all, they tell you when the bottom and top is in… if you are listening closely? While I didn’t heard either of the thieves speak Friday, I expect to hear something from one of them over the weekend or early next week. It should be something negative, indicating that the bottom is in… at least the “short term bottom”. So, keep your eye’s and ears open as I can’t watch it all by myself… I do depend on all of you to help.
Ok, this post is long enough, so I’ll end it here. Don’t forget to go sign up at StockMarketBloggers.com, create a new group, and post a new thread. Please! Promote your blog there, as that’s why I created it… for YOU! I don’t really need a new site as I’m happy writing my deep dark posts right here on this blog… but I know many of you new bloggers (and old bloggers with not enough traffic) need a way to promote your stuff. That’s why I did it… for you guys (and gals).
Gas will be stable in the USA over the summer, and remain below $5.00 per gallon during this time.
Crude Oil will escalate between September and the first week of December, 2011.
More rioting and revolutions will happen in the middle east, and spread throughout all the countries there except Saudi Arabia.
Gold and Silver will start rising in late August and continue through December, with a 25%-35% rise planned.
They are going to open the Bakken US reserve and Gull Island.
Obama recently opened up the Strategic Oil Reserve and sold it for $97 per barrel recently, as he was ordered to do so by the Evil Elite Gangsters. This is part of the plan get oil up to $150-$200 per barrel by them. American’s will be forced to buy it back at higher prices from the gangsters, while they get it out of the ground for $16 per barrel (which would be about 60 cents per gallon for gas at the pump).
There will be a new currency called “The Petro Dollar”, which will be used to buy and trade oil with. The current dollar will be basically dead, as it will lose so much of it’s buying power that people will beg the elite for a new currency.
But the good news is…
All this exposure by people like Dr. Bill Deagle, Alex Jones, Lindsey Williams, Benjamin Fulford, and many many more… (especially all the independent bloggers, tweeter’s, and emailer’s) has got the evil gangsters worried, and a bit scared. They fear the sheep waking up, and don’t like the current rate at which they are opening their minds up and discovering the lies that the wolves have been telling them.
This is pretty much how it was foretold in the bible… the bad guys lose in the end. LOL! Of course when I say “end”, I mean the end of their rein of power. I believe we are experiencing this time period right now and over the coming years we will see a new world with free energy devices and technology that will free everyone from the enslavement they currently have us in.
You see, I think that the Illuminati Elite Gangsters that are giving Lindsey Williams all this information are doing it to make it all happen as they plan it too. Lindsey is probably being used without his knowledge to spread fear, which is what they want to happen. They tell you repeatedly what is going to happen so you will just accept it and doing nothing to stop them.
But, what if their plans backfire this time and people actually do something to stop them? Wouldn’t that be a surprise? LOL! They think they are so smart and “high and mighty” that it will always go as they plan it… but one day it won’t, and that time period is now. They plan to control the internet and sensor it, but it will fail. Even all the moles that put out on the internet that spread dis-information won’t stop the coming awakening. The truth will be discovered, as the sheep aren’t as dumb as the wolves think they are.
My guess is some selling! While I’m still not sure if we have finished this wave 2 up (as it could be a final wave 5 up?), I think we will go lower early next week… and then possibly resume the uptrend toward our 138.86 SPY FP level. I’m not positive that we will go up and hit it, but it’s something to keep in mind when the selling stops.
The short term charts got oversold quickly on Friday’s gap down, but turned back up into the last few hours of the day. This could continue into Monday or they could roll back down early on. The non-farm payroll report was horrible, and while that’s what was blamed for the selling, we all know that the market was way overbought and due for a pullback. I just don’t think it’s a “one day wonder”, and that we will resume the uptrend starting on Monday.
It’s reasonable to expect 3-5 days of a down move, to either make a wave 4 down with 5 up to follow, or to start the first subwave of a larger wave 3 down. Either way, the expected move is down. Once the market breaks through that support level around 1335-1340 spx, I think it could fall to as low as 1300 before bouncing.
The non-farm payroll report is a very common turning point in the market, which would mean that we would continue down, as the market was going up into it. However, this week is option expiration week, which is generally bullish. This tells me that we could be in for a very choppy week, with wild swings both ways… ending the week going nowhere.
So, with the daily charts still bullish (but overbought, and ready to rollover anytime), and the weekly chart still bearish, but trying to rise back up… it looks like a week of indecision as the bulls and bears fight it out. I’d advise caution on any big trade positions until the week after opx, as again… they seem do the most manipulation during this period.
There is a full moon on the 15th, which could be turn date? We could put in a bottom for our wave 4 down with wave 5 up to follow… which means a possible target low of 1300 spx? Or, it could be a top… as in, “the final top”, but I suspect we will go down into the 15th (which happens to be opx), as I think the bull train is full right now and needs shaken! This doesn’t mean it will be straight down, but I do expect the overall week to end in the red.
After listening to Lindsey Williams, I do get the feeling that the month of August could be the month that market starts the real downtrend, as we have basically been chopping sideways in a trendless market since about February of this year in a range of about 1000 Dow point. But, these moves up and down shouldn’t continue past August, as then I expect it to be a “confirmed” downtrend (meaning it should be easier to just short the bounces and not fear another 1,000 bear squeeze).
Basically, the high put in this month… whatever it is (138.86 spy?) should be the high for the year, and for a long time to come. Remember, after this high is in, I expect the real major wave 1 down to start and continue through August, and maybe a little bit of September. Then a major wave 2 (up) to carry us up to the week of October 23rd, where the end of next Legatus meeting is, and the probable start of wave 3 down (inside primary wave 3 down).
That’s all for now. I’ll do more updates during the week. Last week I slacked off, as I was very busy with another project. Good luck everyone…
But before that happens I expect another wave down. Since we have new FP of 134.46, that was seen by a poster on Cobra’s Forum, I’d say we are likely to hit that level Monday morning and then rollover. While there is nothing saying that the FP is a turning point, the charts are very over bought right now and support a move down start as early as Monday.
So, since we are just inches away from it (we had an intraday high of 134.10 on the SPY Friday), it only makes sense that we reach it Monday before rolling over to the downside to reset the overbought short term charts. The move down should be some Fibonacci percentage and make our “B” wave in this ABC pattern up. It’s about an 80 point move up on the SPX, so a move back down 40 points to 1300 isn’t out of the question.
Regardless of whether it drops to the 38.2% level, 50% or 61.8%, I do not think it’s our “Wave 3″ down, but instead just a “B” wave inside of “Wave 2″ up… which won’t be labeled wave 2 once a new high is put in. Then I guess it will be some kind of final 5th wave in Primary Wave 2 up from the March, 2009 low. Whatever it’s called, I think it’s going to end around our old FP of 138.86 on the SPY.
The Gangsters sure do like to fool the sheep…
I’m not falling for this one again… that’s for sure! I’ve seen them do this many times, and they always end up stealing the bears money. Yeah, it’s going to look like “wave 3″ down started as the selling could be quite powerful, but I fully expect it to be just another bear trap. They may push it down close to the current low, but I firmly believe it will stay above it and put in a “higher low”, allowing for that last “C” wave up to the FP level for a new high. It’s looking a lot like 2007 did!
My plan is simple… wait for that newer FP of 134.46 to be hit (probably at the open, or shortly afterwards if it opens slightly down and then pushes back up within the first hour or so), and take a short position for move down early in the week to at least the 38.2% Fib level. Then at some point I’ll look to go long for the final move up to 138.86 or so.
I’m not in any hurry to go long, as they will likely go further down then just the 38.2% Fib level… mainly because they need to shake out some new bulls, and get some more bears onboard. We could bounce around the 1320 spx area (it’s the downward sloping trendline that they just broke through on Friday), as that would be a backtest of what is now support. But, I’m not too excited about jumping on the bull train there, as it’s weak support in my opinion.
There is a stronger support level around the 1300 area, which is where I think this market is headed too next week. Then the following week is options expiration, which is usually bullish. They like to get everyone on the short side the week prior to it (this week) and then squeeze the week of OPX, so all those newly purchased puts expire worthless. Just the evil game they play to steal your money… don’t fall for it!
The week after OPX is usually when you’ll see the market turn back down again. While that doesn’t have too be a big turn, I’ve noticed that it does happen quite often. This leads me to believe that will we hit our FP target new high the week of OPX or early the week after. That 25th-27th period of most months is a common Gann turndate too, so I think we’re on schedule to peak by then.
And on the Dark Side…
Not much going on that I can find on the Illuminati rituals for next week, but here’s an interesting video by Phil Schneider in 1995. He was killed 6 months later by the Illuminati gangters, but it’s still new to lots of people… including myself.
Several people have emailed me and ask why I don't have a way for them to donate, so here it is...
By NO means am I asking you to donate anything, as I put up the blog and post my thoughts for FREE, in order to help everyone out the best that I can.
However, it seems common now for people to put up a "Donate" button, so here it is! Just ignore it if you wish, as I'll still continue to try and help everyone the best I can... without any donates required.
Loading ...
Popular Posts