Weekend Update…

Monday Update...

No reason to another long post, as nothing much changed today.  As I said in the video's, we are either going up to 112.41 spy or down to 107.12 spy.  It looks like we are going up first.  Once 112.41 is hit, I expect it to pull back from there and head down some into the rest of the week.

We could choppy around that area for awhile, as I'm not expect it to just fall off a cliff... back down to 107.12, as that might takes some time.  It might not happen at all, as I'm not exactly sure on the accuracy of that print?  But regardless of the downside target, the upside one should be hit very soon now... as we are within spitting distance of it.

Red

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The bulls are back in town!

Yes my dear reader, it looks like the low is in for awhile, as the bulls are back, and they mean business.  Last week I got trick by seeing what I wanted to see... the bearish side.  I was bearish again after the previous Fridays' huge drop on opx week.  Then another small sell off on Wednesday of this week, as Bernanke spooked the market.

It was looking like the bulls were done as they hit the the top trendline of the falling channel since the April highs, and failed again at it.  But on Thursday, the PPT came to the rescue and rallied the market hard on horrible economy data and various earnings reports.

The 1060 level held strong as thousands more lose their jobs and can't find work.  So instead of gapping down on Thursday morning, we gapped up and never looked back.  Go Bulls, you crack head sons of b's....  Manipulation at it's finest!  Clear and simple!  There was absolutely NO reason to go up, and a thousand reason to tank, but the operators do what they do best... steal the little guys money!

It's funny how the previous week I was bullish, and then fell into my own trap on the big sell off days that happened.  It played out exactly as I stated it would during the previous weeks' video's.  But this week I was dead wrong on my bearish view.  I should have given that weekly chart more attention, as it was clearly telling me that the trend is UP now.

I ignored it this weekend, and only focused on the daily, 60 and 15 minute charts... which was a clear mistake, as the weekly keep supporting all those charts, by not allowing them to roll over as I thought they would.  So in the end, even though this Thursday was pure manipulation by the PPT, the weekly chart did support a move up for this week... just not a 300 point, shove it down your throat and make you choke on your shorts kind of move.

However, we must always remember that the market is designed to fool you and steal your money.  It's just a big casino created by the crooks, to rob the little guy.  How else can they keep the world in slavery, but to lie, steal, cheat, arrest, murder, belittle, frame, assassinate, embarrass, etc... you get the picture.

But one day we'll all be gone to that happy place in the sky they call heaven... where we can play funner games like sword fighting with Angels (and Demons too I guess?).  Ahhhh... what fun that will be.  Let's just hope they have some other type of gambling there... maybe Bingo or something?  LOL

Moving on now...

Next week should be interesting as we still have the FP of 112.41 spy (about 1120 spx) which hasn't been filled yet.  Then I seen one on Thursday of this week, showing 107.12 spy... meaning that we will probably go up to the 112.41 print first, and then back down to 107.12 to fill the gap made on Thursday morning of this week.

Will it play out like that?  Who knows, but it seems logical for that to happen.  That doesn't mean we can't go down to 107.12 first and then squeeze on up to 112.41 by the August opx... which is entirely possible.  We all know how they like to run the market high during opx week, so they don't have too pay out on all the shorts in the market.

So, if we fall first, then the buy area should be that gap fill area of 107.12, and then the opx high should then be the 112.41 print.  The weekly chart is pushing up hard now, so we could be going up for several months now, as I stated in my video's from the previous weeks (of course I ignored all that this week... duh).

If that's the case, then the final high should be the DIA 118.16 print... which could be hit in late September, just after the crooks cash there bribery, robbery, payoff, etc... checks through the Vatican banks (the only banks in the world that don't report anything to anyone).

This is during the September 9th-20th annual Pilgrimage of the Legatus Group.  During these events, the thugs that rule the world make decisions on where they plan to take the market next.  The last Pilgrimage was held earlier this year February the 4th-6th... which marked the bottom of a sell off.

What followed was a bear whipping that lasted 3 months.  They must have turned on the money tree after that meeting, at rallied like the sell off never happened.  Of course that event was planned many months in advance, and the bottom was told to everyone with the FP I got back in January, showing 1047 on the spx, when it really closed around 1140 something that day.

That was my first experience with a FP, and when it hit that 1044.50 intraday low on February the 5th, and had a massive reverse (that didn't stop until the April high), I got burnt and lost a bunch of money on that move.  I learned then that the market was 100% controlled, and manipulated to take everyones' money.

Now I pay very close attention to those FP's, and important meetings by the crooks that run the world.  The Illuminati have a public face, and that's when they get together in the Bilderberg group and have meetings.  Policy changes are done there, and decisions are made as to where to take the market next.

The private face of the Illuminati is through the Legatus group, where they poses a good church going people, all getting together to celebrate God... it's all B.S.!  The group is nothing but a place for all the crooks to get together and funnel all the money tell stole through the Vatican, the most corrupt and evil organization on earth.

These are the people that are using "The Book of Dead" to bring forth demons from other dimensions and other times.  Most people (that study that stuff, I don't... but keep my ears open a little), say that these demons are Reptilian Aliens that are in the lower levels of Vatican City.

Well, I don't know about that... but I do know that when the Illuminati get together, either through their more pubic face in the Bilderberg Group, or their less know private face in the Legatus group... the market changes direction!  So, should we continue up until the fall event is over, you can look for a nice crash following it.

However, we have that Yahoo FP of Dow 8300 from a week or two ago (which could be but up to trick the masses, as I'll gotten some feathers ruffled from postings all these FP's lately... meaning that it's Fake FP, put up to deceive us).

And currently, the charts don't support a move down to that area now, as the weekly is pushing up the market pretty hard now.  But, should we take out the 1010 spx low next week, (not likely), or next month, then I'd say we will go to 8300.

The timing of these FP's are always unknown.  We only know that once we are headed in that direction, and get close to that target, look for a reversal when it's hit.  So, for next week I believe we will go down and hit the 107.12 print first and then rally back to 112.41 by August opx.

I'm just guessing of course, as forecasting this market is like trying to pick winning lottery tickets sometimes.  But, the weekly chart says we go up for the next few months.  However, the daily is overbought and should roll over next week... which is the reason I think we go down first and back up into opx week... which is traditionally bullish anyway.

Hope that helps give you a longer term view, as the short term is pretty clouded right now.  Some choppy waters lay ahead I believe.

Good luck to all you bears, and bulls too of course (as we all have to be fed straw from our masters from time to time.  After all, it's better then starving like the bears do).

Red

Author: Red