Last week was a "Bear Destroyer" as the market ran up to the 586.86 SPY FP and paused before grinding higher into the close on Friday without giving the bears any way out. I'll look for another short late this month after I see a pullback and one more move up. But for now I'm not doing anything. There's just no way to short this strength and think you will win. You have to allow the first pullback to get bought up by the retail traders expecting new all time highs. It will be the 5th wave up, and it will fall short of the double top.
Why? Because there won't be anymore bears left for fuel to hit their stops as those bears will have flipped to become bulls looking for the double top to try another short. The market won't give them the double top of course, but will tease them to get them fully long before the real pullback in June. I posted another chart on Friday on X with another wave count that I think is more likely now. That chart is below.
As you can see once we start down in June everyone will look for the 4/22 gap to be filled, where they will take a long. It's just too obvious of a target, so there's only 2 options to screw those traders. ONE: You fall short of hitting it as I've show in the above chart, which is what I think will happen. TWO: You drop lower then it to hit the new stops placed by the bulls buying that gap fill, which would then put us back in the Bearish Wave Count I posted on Friday, and re-posted below.
Why do I think that won't happen you ask? Because I think we could see a massive blow off top into July 4th, to hit the 655.66 FP on the SPY, and there's just not enough time left to go that deep on the Bearish Wave Count and run back up to that level by the 4th of July. It needs to be a more shallow pullback so that we can reach the FP in time. Now I don't know for certain that we will reach it by then, but if we drop too low I'll then say that the FP won't be hit until August or even later.
Remember this post about July 5th 2025 from people that had visions of a Tsunami hitting Japan?
Guess what? Now we have a new video from Bo Polny who talks about July 4th as an important day where something is going to happen. I don't know "what" of course, and he doesn't either, but something is likely to occur. If the visions/dreams/prophesy is right from the video on that prior post then I pray for the people in Japan.
Now I'm guessing here that we hit the FP on the SPY of 655.66 into that date, as I could be wrong there, but I find it awful interesting that Bo Polny mentioned it too. He talks about September 18th, 2025 as an important date as well, and these are all Biblical calculated dates from the Bible.
Something I find interesting about that date is that it's a 666 date (999 upside down) as September is the 9th month, 1+8=9 for the 18th, and 2025 is a 9 year (2+0+2+5=9). I remember the last time we had a 999 day we had a large one day drop. It was on September 9th, 2016, which was a nasty drop for just one day. The market wasn't in a correction at that time as the charts were bullish, but the satanists made sure they honored that date with a quick one day drop. If we top in July, pullback in August for a wave 1 of some degree, and go back up into September for a wave 2, then we could be in a wave 3 down around that date, and it could be a lot worse this time around then the last one.
Just something to keep in the back of your mind, that's all. The Bo Polny video is long but well worth watching.
Have an blessed day.
