The last impediments have
been cleared and events necessary to transpire before the final crash
hits have just happened. JP Morgan and the banksters have been
spotlighted and are front and center as “someone to blame”. The Fed
Twist has been announced and will backfire leaving the Central Banking
monetary control concept proven to be faulty. And Europe…oh Europe –
Europe has been destroyed from the inside out and the bank runs will
start there and quickly move global. We now have the Green Light so make
sure seat belts are tightened and life vests a properly stored under
your seat cushion.
Watch for the silver fraud to be revealed before the GOP Convention in late August. This headline: “CFTC Finds That JP Morgan Rigged and Continues to Rig the Silver Price Lower”
will turn the gold and silver markets upside down instantly. A lot of
“I Told You So’s”, lawsuits and BLAME will be flying around! Watch for a
“force majeure” to be declared on all metal trading floors and in all
metal ETF’s. We are now ready for the full exposure of the banking
cabal’s fraud and manipulation. Hang on tight to your physical metal and
be prepared to ride the market volatility out – no matter what happens.
I have provided Private Road Members (paid subscribers) with Road Map for the next TWO MONTHS here:
The collapse may continue
into the summer so prepare to just ride it out. Hopefully, it will be a
short lived event, a crash with a thump, but there is also the potential
for it to last for months.
PS – A new “Conversation with
God” article started this morning and should be posted sometime next
week. Guess someone thinks we may need a little pep talk before July
1st!
I think a bounce could happen into tomorrow morning but I think it’s going down hard again on Friday after that brief bounce. I could see 1337 SPX providing resistance which could be the bounce high. A big bounce would mean a rally to resistance just below 1350 SPX, but I really doubt if it rallies that high.
Either way, I expect tomorrow to be another down day. So at this point I think the high for the wave 2 up is complete on 6/19 at 1363 SPX (meaning I don’t see one more push to hit 1370-1385 area). I give it 70% chance of continuing down and the high already being in.
The daily chart is rolling over now and we should easily take out the current low if they allow the technical analysis to work, as it clearly has plenty of room to continue down before becoming oversold.
Therefore, I believe we are now in the first wave 1 down inside the larger wave 3 down. This wave 1 down should contain 5 smaller waves inside it. If they continue down tomorrow (after a brief bounce) then we could end the first smaller wave 1 down by some Monday morning gap down.
If not Monday then Tuesday morning should end the first smaller wave 1 down and allow for a smaller wave 2 up (all inside the larger wave 3 down) into late next week. This all sets up the “yearly” ritual “eleven” day on Friday 06/29/2012 (0+6+2+9+2+0+1+2=22) being the smaller wave 3 down inside the large wave 3 down.
I’m going to go out on a limb here and say that the 29th next week will be a few ugly down day! It should be a multi-wave 3 down combination… but nothing like what I expect for this October after Legatus ends.
We are no where near being oversold right now, which tells me that we are likely to break this current support level and drop lower to the next level around 1300 ES (probably tomorrow). We could bounce from oversold shorter time frame charts but it’s likely to fail and rollover. I would short any bounce as I see it going lower on Friday.
Will we flash crash into the close? Most likely we finish on the low of the day as in 10-6-87. The SP dropped 2.7% on 10-6-87.
I am missing my Portugal Euro Cup all things Christian Ronaldo fest for this.
Not sure if anyone follows Bix Weir:
The last impediments have
been cleared and events necessary to transpire before the final crash
hits have just happened. JP Morgan and the banksters have been
spotlighted and are front and center as “someone to blame”. The Fed
Twist has been announced and will backfire leaving the Central Banking
monetary control concept proven to be faulty. And Europe…oh Europe –
Europe has been destroyed from the inside out and the bank runs will
start there and quickly move global. We now have the Green Light so make
sure seat belts are tightened and life vests a properly stored under
your seat cushion.
Watch for the silver fraud to be revealed before the GOP Convention in late August. This headline: “CFTC Finds That JP Morgan Rigged and Continues to Rig the Silver Price Lower”
will turn the gold and silver markets upside down instantly. A lot of
“I Told You So’s”, lawsuits and BLAME will be flying around! Watch for a
“force majeure” to be declared on all metal trading floors and in all
metal ETF’s. We are now ready for the full exposure of the banking
cabal’s fraud and manipulation. Hang on tight to your physical metal and
be prepared to ride the market volatility out – no matter what happens.
I have provided Private Road Members (paid subscribers) with Road Map for the next TWO MONTHS here:
SPECIAL REPORT: Confirmation from “The Insider”
http://www.roadtoroota.com/members/406.cfm
The collapse may continue
into the summer so prepare to just ride it out. Hopefully, it will be a
short lived event, a crash with a thump, but there is also the potential
for it to last for months.
Stay strong Road Warriors.
This is the end game.
Bix Weir
http://www.RoadtoRoota.com
PS – A new “Conversation with
God” article started this morning and should be posted sometime next
week. Guess someone thinks we may need a little pep talk before July
1st!
I think a bounce could happen into tomorrow morning but I think it’s going down hard again on Friday after that brief bounce. I could see 1337 SPX providing resistance which could be the bounce high. A big bounce would mean a rally to resistance just below 1350 SPX, but I really doubt if it rallies that high.
Either way, I expect tomorrow to be another down day. So at this point I think the high for the wave 2 up is complete on 6/19 at 1363 SPX (meaning I don’t see one more push to hit 1370-1385 area). I give it 70% chance of continuing down and the high already being in.
The daily chart is rolling over now and we should easily take out the current low if they allow the technical analysis to work, as it clearly has plenty of room to continue down before becoming oversold.
Therefore, I believe we are now in the first wave 1 down inside the larger wave 3 down. This wave 1 down should contain 5 smaller waves inside it. If they continue down tomorrow (after a brief bounce) then we could end the first smaller wave 1 down by some Monday morning gap down.
If not Monday then Tuesday morning should end the first smaller wave 1 down and allow for a smaller wave 2 up (all inside the larger wave 3 down) into late next week. This all sets up the “yearly” ritual “eleven” day on Friday 06/29/2012 (0+6+2+9+2+0+1+2=22) being the smaller wave 3 down inside the large wave 3 down.
I’m going to go out on a limb here and say that the 29th next week will be a few ugly down day! It should be a multi-wave 3 down combination… but nothing like what I expect for this October after Legatus ends.
We are no where near being oversold right now, which tells me that we are likely to break this current support level and drop lower to the next level around 1300 ES (probably tomorrow). We could bounce from oversold shorter time frame charts but it’s likely to fail and rollover. I would short any bounce as I see it going lower on Friday.
Gold update:
http://niftychartsandpatterns.blogspot.in/2012/06/gold-update.html
Hyperinflation is definitely coming…
http://seekingalpha.com/article/96723-what-effect-will-hyperinflation-have
ES Chart analysis:
http://niftychartsandpatterns.blogspot.in/2012/06/es-support-levels_21.html
LOL… telling the truth
http://www.youtube.com/watch?&v=SX_qudiWdxU
SPY rising wedge…
http://screencast.com/t/4N3KB9q5hik