Update to My Subs: I exited my longs at 2:30 EDT 5/16/22 I may be wrong, but better safe than sorry. Looking for a buyable low tomorrow into early Wednesday.
The last post, I expected a strong rally. This is the classic Elliott Y wave of a W-X-Y inverted bearish (B) Wave flat. May 12th was a deep X wave. May 12th also experienced an irregular low on this Y wave, which finished wxy [a] on Friday then xyz [b] which translates into the extreme time thrust power of [c] of Y, which should arise on a huge, sudden gap up on Monday right into the lunar eclipse into the lower 4100's (ideally around 4123 SPX). Tuesday's expected finale top (somewhere ideally near 4149-57 SPX) would be labeled as an irregular top and since a Y Wave is an irregular top, in and of itself, we have what I term a "double irregular top!"
For years, I have told my subs that these patterns rarely end well, but in fact they never do! In addition, Tuesday should also gap up (based on Gann creating a third exhaustion gap up, which itself sets up a three gap play reversal that ends in a final exhaustion gap down that should occur on Monday the 23rd (Sun conj. Mercury Rx 5/21, Mars sextile Pluto 5/22).
The similarities to the Monday, August 24th, 2015 flash crash almost 7-years ago cannot go unnoticed by me, especially in light of not only the 7-year cycle, but other interesting co-incidences. On August 21, 2015, the Friday before the flash crash, the Sun in the fixed sign of Leo squared Saturn in the fixed sign of Scorpio. Today as I write this, the Sun in the fixed sign of Taurus squares Saturn in the fixed sign of Aquarius. In 2015, they blamed the "flash crash" on the imploding Chinese stock market due to their devaluation of the Yuan vs. the US Dollar over several weeks before. The same thing is occurring right now, but a little more extreme.
Back then, the "flash crash" imploded the US stock market by 5% in just a few minutes due to the futures being down as much. This time it looks more like 7% due to the Elliott Equality of Waves Expectations and the 200 week average.
We also cannot rule out the war in the Ukraine as a cause going forward as Mars conjuncts Neptune on the 18th and sextiles Pluto on the 22nd. The last time we saw a 7% plunge in one day was June 11th, 2020 as the BLM/Antifa rioting was going on near Mars conjunct Neptune on June 13th.
Mars with Neptune is warlike and deceptive. This is where false flag, globalist/deep state set ups often occur, like what happened in Syria a few years back where Assad supposedly chemically attacked his own people (yeah right). Russia has been warning us that the Ukrainian Globalist, Anglo-American, UN, NATO Led Nazi Regime was planning such a venture. I'm not prophesying, I'm just saying the stars are ripe like figs, ready to fall from the sky.
All the classic "fear signs" of a bottom drawing near abound, but what comes next?
We warned our subs to steer clear of the cryptos.