AMEX:SPY has completed a 5 Wave Cycle and is in the midst of an irregular correction. Irregular Corrections have a phenomenon which called, "Double Retrace".
Irregular Correction most often manifest after a 5 Wave Cycle with an Extended 5th Wave.
This is an update to my original idea on July 27th, 2018: SPY-SELL-BUY PUTS
First, I thought that SPY was experiencing a 'normal' correction and we would see a correction around the $280 level in July. But, instead we got an irregular correction. Irregular Corrections can be spotted when Wave B goes above the Terminal of the 5th Wave which SPY has done.
The Correction is now in Wave C and Wave C always is completed by 5 Waves. So far, we have only completed Waves 1 & 2. Wave 3 which is normally the most violent is upon us. This is most likely the last opportunity to either sell out of positions or buy protection.
Targets: $240 + $210 (Double Retrace)
Sub-Wave 3 beginning now.
On Watch for the Fall...
Wave C should not go much further than Terminal point of Wave A.
Estimate for S3 Terminal
Under this Scenario you would expect S5 to extend...
I expect Monday to be ugly...
We should have fell in July...
Just a long C Wave...
Looks like we have an extending 3rd SW
Multiple downside catalyst inbound....
1. Migrants Storm the Border
2. Mueller Investigation
3. China Trade
-Global Supply Chain reset
-Federal Reserve Structure Change
Point of Failure was around $272-$274
We have retraced the 5th Wave extension which is always the 1st Retrace level
Now, we need to go back and look to see where were the terminal points of Wave 1 & Wave 2.
Wave 1 Terminal - $210-$211
Wave 2 Terminal - $198-$199
These levels are the Targets for the Terminal point of Cycle Wave 2
Wave 5 estimated to be complete in 140 days...
We know that 2/3 Waves will trend near equality...
We know that Wave 3 usually extends and that Sub-Wave 3 in Wave 1 did extend. So, we should expect the 3rd Wave down to extend as well.
Wave 1 = -11.60%
IF this is the end of the Super-Millennium Cycle....
What's going on?
1. Old Guard vs. New Guard Epic Power Struggle
2. All Trade Deals are being dissolved
3. How many CEOs have either resigned or been fired? Literally Thousands...
4. How many lawmakers did NOT seek re-election? Record Number
5. What new asset class is forming and will disrupt almost every single industry? Digital Assest/Blockchain
6. What was the first EO signed by Trump?
Do I need to continue?
Sub-Wave 3 Terminal was incorrect.
The executive order authorizes the Office of Personnel Management to take necessary actions to implement the order.
This closure will occur two days before the deadline for Congress to pass the following seven appropriations bills:
Commerce, Justice, Science and Related Agencies
Interior, Environment and Related Agencies
Financial Services and General Government
Agriculture, Rural Development, Food and Drug Administration and Related Agencies
Transportation, Housing and Urban Development and Related Agencies
State, Foreign Operations and Related Agencies
The current continuing resolution for the agencies covered under these remaining appropriations bills expires Dec. 7. If these appropriations bills are not passed, those agencies will face another shutdown.
We are currently in the 5th Sub-Wave now...
So, C Wave will probably finish between the .382 and .618 extension level of Wave 3 and Wave 4.
Just a band-aid until the inevitable in my opinion...
Might be a big week for big tech....cockroaches still remaining...
Fail between $277 and $278....
The White House said Saturday President Donald Trump would declare December 5th a national day of mourning for the country's 41st president. "He and the First Lady will attend the funeral at the National Cathedral in Washington, D.C.," the statement said.
The New York Stock Exchange said it will suspend normal trading on Wednesday. "The exchange will observe a minute of silence to honor President Bush on Monday. As per our tradition, we will close the markets in observation of the Day of Mourning," spokesperson Kristen Kaus said.
The Nasdaq will also close for the day.
The stock exchange will observe a moment of silence on Monday "and plans to be closed on December 5, the national day of mourning designated by President Trump," Nasdaq spokesman Will Briganti said.
Common sense. Check.
Where is the body?
*What would the news coverage look like?
Nail in Coffin: Heresey about an opposition research meeting.
***No Direct Evidence***
Mueller needs direct data, voice, or video evidence that shows the Trump Campaign instructing Russia to green light a hack on the DNC and instructions on how to release the information.
Mueller is now trying to squeeze heads for testimony...
This one meeting is the basis of the conspiracy and a Trump Tower deal.
The meeting yielded no information - No evidence
***This is how I see this Chess game...
Because of its persistent inability to tally its accounts, the Pentagon is the only federal agency that has not complied with a law that requires annual audits of all government departments. That means that the $8.5 trillion in taxpayer money doled out by Congress to the Pentagon since 1996, the first year it was supposed to be audited, has never been accounted for. That sum exceeds the value of China's economic output last year.
Confirmed Double Retrace...
Trade is a FRACTION of the economy...
This is not about China....
How long will troops be deployed to GITMO? 400 days
Fib Time = Correction over in 394 days....
Look for the higher waves to extend...
Dec. 5th seems to be playing out as expected though...
Market is perfectly set-up for a crash when the market reopens...
We will see what happens...
I see multiple downside catalyst inbound...
Europe is on the brink of a full on revolution...
America has never been more divided except for the civil war era...
Mueller is starting to file his memos...
Government is on the edge of being shutdown over funding...
Big Tech CEOs on watch...
All US trade deals being dissolved...
Fed on death watch...the Fed inverted the yield curve...
ECB is about to stop QE...
China has a massive credit bubble looking ready to burst...
UK Brexit has turned into a disaster...
US Corporate Debt is looking to burst...
Bill Clinton’s Chief of Staff
Hillary Clinton’s Campaign Manager
***Please excuse typos...
Parliament’s media committee accused Facebook on Wednesday of cutting special deals with some app developers to give them more access to data, while icing out others that it viewed as potential rivals.
This analysis is simply trying to find POTENTIAL downside catalysts before they occur so viewers can PROFIT. Fibonacci time + Spirals + Wave Thoery can predict stock movements to a very high level of accuracy.
The articles I post are in my opinion notable to be a POTENTIAL downside catalyst. Not political, Not endorsing, just articles that I think should be in my peripheral vision.
I hate politics and am not affiliated with either party.
Not logical to me...
Higher Degree Wave 1 in Wave 3 is likely to extend...
Wave 3 is the most likely wave to extend...
How can you know that the third wave has started?
You will see prices moving up (or down) suddenly and swiftly. When you look at the chart, you can immediately see that the third wave is steeper than the first wave. Volume will typically increase during the third wave.
Now there are a few additional points that you should take note here. As already mentioned, the third wave cannot be the shortest of the three impulse waves. This means it can be shorter than wave 1, provided wave 5 is shorter still. So you cannot conclude that what is finishing is not a third wave merely on the fact that it is shorter than the prior wave 1. It could be that wave 1 had extended, and hence wave 3 was a normal wave. That brings us to the question, ‘what is a normal wave 3’? A normal third wave should typically respect the relationship that internal waves bear to each other. What are these relationships? It is normal for any two impulse waves to tend to equality. For example, waves 1 and 3 could be equal, or waves 3 and 5 could be equal, or waves 1 and 5 could be equal. When I say equal, bear in mind that this is an approximation. So inside a normal third wave you will observe such a relationship...
S2 of higher Wave 3 was weak...
Minuscule Sub-Wave 3 and Sub-Wave 5 Extended as well...
All signs that this is far from over...
The email exchanges show the FBI was aware — before it secured the now-infamous warrant — that there were intelligence community concerns about the reliability of the main evidence used to support it: the Christopher Steele dossier.
The exchanges also indicate FBI officials were aware that Steele, the former MI6 British intelligence operative then working as a confidential human source for the bureau, had contacts with news media reporters before the FISA warrant was secured.
The FBI fired Steele on Nov. 1, 2016 — two weeks after securing the warrant — on the grounds that he had unauthorized contacts with the news media.
But the FBI withheld from the American public and Congress, until months later, that Steele had been paid to find his dirt on Trump by a firm doing political opposition research for the Democratic Party and for Democratic presidential candidate Hillary Clinton, and that Steele himself harbored hatred for Trump.
Congressional investigators also have growing evidence that some evidence inserted into the fourth and final application for the FISA — a document signed by current Deputy Attorney General Rod Rosenstein — was suspect.
That evidence was assembled by a private firm called MDA Analytics LLC, run by accomplished ex-federal criminal investigators, who alleged the Clinton Foundation engaged in illegal activities and may be liable for millions of dollars in delinquent taxes and penalties.
In addition to the IRS, the firm’s partners have had contact with prosecutors in the main Justice Department in Washington and FBI agents in Little Rock, Ark. And last week, a federal prosecutor suddenly asked for documents from their private investigation.
The 48-page submission, dated Aug. 11, 2017, supports its claims with 95 exhibits, including internal legal reviews that the foundation conducted on itself in 2008 and 2011.
Those reviews flagged serious concerns about legal compliance, improper commingling of personal and charity business and “quid pro quo” promises made to donors while Hillary Clinton was secretary of State.
Move down is imminent...
Wave 2 Retrace = .618 = Normal
Wave 3 must extend...
— Donald J. Trump (@realDonaldTrump)
No way to sugar coat it (SP500 Crash)...
The technology companies, which the NSA says includes Google, Yahoo, Microsoft and Facebook, incurred the costs to meet new certification demands in the wake of the ruling from the Foreign Intelligence Surveillance (Fisa) court.
500 days now...
Have a great weekend!
Will be updating...
The government has deployed 89,000 police across the country.
In Paris, the epicenter of the protests, 8,000 police and a dozen armored vehicles have been mobilized.
Museums, tourist sites, department stores and many metro stations in Paris are closed on Saturday.
Deputy interior minister Laurent Nunez said an estimated 31,000 people were demonstrating nationwide.
Today’s EU bears little or no similarity to the new European superpower that has been glimpsed fitfully in our dreams of the future since 1989. It is extraordinary that May should be pressing her reluctant nation to remain inside a crumbling undemocratic polity as a vassal state with no right of exit.
***EU on death watch...
A transcript of the interview, expected to be released shortly, “will bore you,” Comey said.
Two GOP-led committees brought Comey in as they sought to wrap up a yearlong investigation into the department’s decisions in 2016. Republicans argue that department officials were biased against Donald Trump as they started an investigation into his campaign’s ties to Russia and cleared Democrat Hillary Clinton in the probe into her email use. Comey was in charge of both investigations.
Kelly's decision ends a tumultuous 17-month tenure in which he tried, but largely failed, to bring a Marine Corps-style order to a White House that has hewed more closely to the freewheeling management style Trump embraced as a New York businessman.
Trump brought Kelly into a White House riven by internal feuds in July 2017. Weeks after ousting Scaramucci, Kelly orchestrated the departure of senior adviser Steve Bannon, an architect of Trump's campaign who clashed with other members of the staff.
Team A: Wants to prove/persuade to the world that Trump colluded with Russia
Team B: Wants to prove/persuade to the world that their is a shadow government rife with corruption
If I/You were playing in this grand chess game and the goal is to prove/persuade to the American public that there really is a shadow government how would I/you go about doing it?
And vice versa
If I/You were playing in the grand chess game and the goal is to prove/persuade to the American public that Trump colluded with Russia to win the 2016 election how would I/you go about doing it?
Team B (Russia): Infiltrate Trump campaign/White House and track communications to spot/reveal and/or setup Russian connections.
Team A (Shadow Gov): Anticipate bad actors in campaign/White House and place in highest levels of office. Let the bad actor serve office and wire-tap communications.
Trump's willingness to say "you're fired" (or to have someone else say it) to so many people, so early in his administration, is just another way Trump is unlike those who have come before him. In addition to his Cabinet, the churn in top-level staff in the Trump White House is also off the charts.
"There will always be change, and I think you want to see change," Trump said on March 15, not quite tamping down the latest rumors of possible Cabinet departures. "And I want to also see different ideas."
In just 14 months on the job, Trump has had more Cabinet turnover than 16 of his predecessors had in their first two years. With Shulkin's exit, Trump has now tied Ronald Reagan, who had four Cabinet departures — and they all came well into his second year in office.
In just 14 months on the job, Trump has had more Cabinet turnover than 16 of his predecessors had in their first two years. With Shulkin's exit, Trump has now tied Ronald Reagan, who had four Cabinet departures — and they all came well into his second year in office.
Several other members of the Cabinet are either clouded in controversy over possible misuse of public funds or otherwise earning the ire of President Trump. Other presidents with early Cabinet turnover saw departures for entirely different reasons.
questions about the events surrounding your July 5th, 2016, press
conference to announce your decision not to charge Hillary
Clinton for the mishandling of classified information.
One of the things that happened the week before that press
conference was, on June 27th of 2016, a meeting between Attorney
General Lynch and former President Bill Clinton, a meeting that
got a lot of attention. Do you recall that?
Mr. Comey: I do recall press coverage of a meeting on June
Mr. Ratcliffe: one thing I have to make sure is clear.
You said my decision not to prosecute Hillary Clinton. I made
a recommendation on behalf of the FBI to the Department of
Justice. I just want to make sure that's precise. I do recall the coverage around that meeting.
And that is a meeting that took place on
a tarmac in Phoenix, Arizona?
That's my recollection, yes, sir.
Mr. Ratcliffe: Do you agree that any discussion
about the Hillary Clinton mishandling classified information
investigation, as you called it today, between the Attorney
General and the spouse of the subject of the investigation would
have been inappropriate?
Highly unusual for an Attorney General to
meet with the spouse of the subject of one of her investigations.
Do you agree with that?
I would agree with that.
“I think did the right thing here,” said Turley. “I think the president should listen to General Sessions on this one.”
Sessions “can always appoint a special counsel,” Turley explained, but that should not even be necessary because Huber “has the ability to prosecute cases.”
“Do these prosecutors have the same power to investigate and get to the bottom of things that a special counsel would have?” Varney asked.
“Actually, yes,” Turley answered. “I think people are missing what could be a brilliant move here by Sessions. What he did is he essentially combined the powers of the inspector general with the powers of a line prosecutor.”
“This prosecutor does have not just the experience and training to look for a criminal case; he has the ability to move a case of that kind” in court, Turley emphasized.
Not only that, but if Sessions believes crimes were committed, but Huber for some reason does not bring charges, “Sessions has reserved the right to go ahead and appoint a special counsel,” said Turley.
“That’s a powerful combination,” he observed.
As of Dec. 22, 2017, there were 9,294 sealed indictments, according to data collected by researchers and gathered from the Public Access to Court Electronic Records (PACER) service of the federal judiciary. This includes 1,224 in the central district of California, which includes Los Angeles; 194 in Washington; and 248 in the southern district of New York.
The number of indictments filed in less than three months is in stark contrast to previous years. According to a 2009 report from the Federal Judicial Center, in all of 2006, there were only 1,077 sealed indictments, and these were about 0.96 percent of all criminal cases that year.
According to Marc Ruskin, a former FBI undercover agent and author of “The Pretender: My Life Undercover for the FBI,” it’s unclear whether the current sealed indictments are connected, but the high number is something he never saw in his 27 years as an agent.
***What is the current sealed indictment count?
Public Access to Court Electronic Records (PACER) is an electronic public access service that allows users to obtain case and docket information online from federal appellate, district, and bankruptcy courts, and the PACER Case Locator. PACER is provided by the Federal Judiciary in keeping with its commitment to providing public access to court information via a centralized service.
Congress created the Department’s Office of the Inspector General explicitly for the purpose of, among other things, investigating alleged violations of criminal and civil laws by Department employees, including actions taken by former employees after they have left government service. The Inspector General’s jurisdiction extends not only to allegations of legal violations, but also to allegations that Department employees violated established policies as well.
To carry out these duties, Title 5 of the United States Code provides the Inspector General with broad discretion and significant investigative powers. The office currently employs approximately 470 staff, a significant number of whom are lawyers, auditors, and investigators who may exercise wide discretion on matters under their jurisdiction. If the Inspector General finds evidence of criminal wrongdoing, he may refer it to a United States Attorney who can then convene a grand jury or take other appropriate actions. To be clear, the Inspector General has the authority to investigate allegations of wrongdoing, collect evidence through subpoena, and develop cases for presentation to the Attorney General and the Deputy Attorney General for prosecution or other action.
Yellow box = Normal Retracement
Green is Extension
Expect Higher to extend...
Higher Wave expected to be Normal
No support below...
Keep getting dislikes...
The longer the fall is delayed the worst it becomes...
Both Correction sequences are complete.
Looking to see what happens when it is completed...
Wave C needs 5 Sub-waves...
Reminder: Waves can always fail (Miracles can happen)
Based on the Complex Correction the move down should be strong...
Bannon also attacked the executives of Facebook, Twitter, and Google, calling them “sociopaths” and “complete narcissists.”
“These people ought to be controlled, they ought to be regulated,” he said. “These people are evil. There is no doubt about that.”
X is the beginning of another ABC sequence....
Did Not pass wave C 264.72
These stories undermine the vague answers we were given in previous correspondence. On the eve of Pichai being called before the House Judiciary Committee, we have re-iterated our profound concern, and jointly called upon Google to halt Project Dragonfly completely.
If that description is accurate, Google is throwing out not just human rights experts and Congress’ own advice regarding its entry into China; it’s throwing away its own engineers’ guidance.
C travels back to A Terminal...
100% Level = Target for Terminal C
While U.S. law permits the executive branch to design the commissions with few restrictions, even with little regard to precedent, officials drafting the rules are reportedly keeping history in mind.
Some U.S. intelligence officials believe that the breach was conducted to enrich the massive Chinese data sets on U.S. and other citizens that have been amassed for years, the people said. Such breaches include the 2015 Office of Personnel Management intrusion, which compromised the personal data of more than 20 million government employees, family members and applicants, and also information collected during Chinese breaches of health care institutions such as Anthem and CareFirst
Sabrina Meng ‘issued 7 passports from China and Hong Kong’
This debate will rage on now that Meng’s predicament has the world’s attention. But it is important to be aware that it won’t just be Americans versus Chinese.
As a self-proclaimed expert in the “art of the deal”, Trump is fond of brass-tacks negotiations, and this proclivity requires bargaining chips. So we should expect Meng, Xu or Ho, or perhaps all three of them, to become pawns in the US-China stand-off over the trade imbalance and market access, regardless of how much the Justice Department wants convictions and is seeking to keep a distance from geopolitics.
1 - Complex Correction
2 - Expanding Diagonal
The well-known person has attracted significant media attention throughout their trial, and was only convicted on Tuesday.
The conviction came on the second attempt, after a jury could not decide a verdict during an earlier trial.
The Victorian County Court first brought in the suppression order after the first trial.
Dec. 17 - Dec. 18
Notable Fib Time
Yellow = Normal
Green = Extension (If it is hit in anyway then Wave 3 is Extending)
Roughly 6,000 documents that are expected to reveal the nearly two year investigation by the whistleblowers with a private firm called MDA Analytics LLC, which allegedly turned over the documents more than a year and half ago to the IRS, according to John Solomon, who first published the report last week in The Hill.
The whistleblowers are former federal criminal investigators, who allege that the Clinton Foundation was “engaged in illegal activities and may be liable for millions of dollars in delinquent taxes and penalties,” according to Solomon.
The Department of Justice and the FBI’s Little Rock, Ark. field office, which is believed to be investigating the foundation, have allegedly obtained the documentation from the whistleblowers as well, according to lawmakers who’ve spoken with the whistleblowers.
Special Counsel Robert Mueller was the director of the FBI at the time Campbell was a confidential informant and according to Campbell the information was briefed to Mueller by his FBI handlers.
“(Mueller) received the documents, copies of which I still have, over a period of years and ignored a national security threat to the United States because of his political preference,” said Campbell, who said he is frustrated that the investigation into the Clinton Foundation and the other information he provided was apparently ignored years ago.
“These men were in charge of transport of nuclear materials (inside the United States) while committing criminal activity here in the United States and signing major US utility contracts,” said Campbell, referring to the information he provided the FBI on the American company Transportation Logistics International, also known as TLI, was the primary transport company for Russian enriched uranium sold to the United States.
Meadow’s told Fox New’s Martha MaCallum Tuesday, “the American people, they want to bring some closure, not just a few sound bites, here or there, so we’re going to be having a hearing this week, not only covering over some of those 6,000 pages that you’re talking about, but hearing directly from three whistleblowers that have actually spent the majority of the last two years investigating this.”
Fed - Death Watch -Rate Schedule -> Corporate Credit
China - 2025 Plan Death Watch
EU - Death Watch
Big Tech Data Collection + Privacy Nightmare
Complex Correction looks to be ending...
Higher Wave 1 Target $250.
Had a complex sequence...
ABC correction just completed...
Short SP 500
Expect tomorrow to be ugly...
Primary Wave 3 in Higher Cycle Wave 3 is beginning....
$253.42 - Triggers extension if broke....
S2 retrace = .382
Expect higher degree to retrace .382....
.382 = $259.42
Estimate of 24 Hours
Sub-Wave 1 can be used to get an overall idea of how large the draw-down will be when Primary Wave 3 completes...
We know that 2/3 waves trend near equality...
So we need to measure Sub-Wave 1....
If Sub-Wave 3 trends near equality with Sub-Wave 1 then another 5.73% down will take us to the price level of $239.01....
We also have to remember the rule that states Wave 3 can never be the shortest wave out of the 3 impulse waves...very important....
Gen. Michael Flynn advocates for the imprisonment of Hillary Clinton over her use of a private email server as Secretary of State at the 2016 Republican National Convention.
Flynn's purpose in the Chess Game?
Mr. Obama, who had fired Mr. Flynn as the head of the Defense Intelligence Agency, told Mr. Trump that he would have profound concerns about Mr. Flynn becoming a top national security aide, said the administration officials, who were briefed on the Oval Office conversation. Mr. Trump later ignored the advice, naming Mr. Flynn to be his national security adviser.
“General Flynn was given the highest security clearance by the Obama Administration — but the Fake News seldom likes talking about that,” Mr. Trump said.
Trigger credit crisis...
Remember Sears, Toy's R US? First Domino?
Wave 2 Retrace = 100% of Wave 1 = Normal
Crypto Market Index Vs. SP 500
Expect a 5th Wave Extension...
Canadian consular officials are providing assistance to the family of the latest detainee, a spokesman for Global Affairs Canada, the country’s foreign ministry, said on Wednesday. The spokesman declined to identify the detainee or provide more details.
A Chinese Foreign Ministry spokeswoman, Hua Chunying, said at a regularly scheduled news conference in Beijing on Wednesday that the ministry had no information on the case.
Chinese security agencies detained two other Canadians, Michael Kovrig and Michael Spavor, on Dec. 10. Chinese officials have suggested in public comments that the agencies are looking into potential national security charges.