ES Morning Update October 4th 2023
The market didn’t wait and dropped all day yesterday, and came within 18 cents of hitting the 420.00 FP on the SPY as it stopped at 420.18 yesterday. I did a report back in August where I tracked the prior big FP’s to see their track record, and in every case they were hit (and pierced) before an important turn happened. Here is that chart…
As you can see, they were always hit and pierced. Of course the 460.26 FP is the next one left that hasn’t been hit and pierced, which it will likely do so into November. And after the close yesterday around 9:30 pm EST the 420.00 FP was finally hit and pierced. So it’s free to turn back up any time now and it should hold once it gets going.
Now, I’m sure everyone is blaming this drop on the stuff going on with the House getting rid of Kevin McCarthy today, but it was in the technicals really and the news was just the reason to blame it on. That “fear” is still out there lingering around until that news calms down.
It could mean that McCarthy cuts a deal with Matt Gaetz and crew and is put back in? Who knows for sure? (He said he’s not interested in coming back, but he could change his mind I’m sure). Doesn’t matter though as something will come out positive in the news to blame the rally on that will follow now that the FP is hit and pierced.
Keep in mind that the bearish period is still in play until the end of this week or early next week. And that other chart on Seasonality keeps the market choppy until the last week of the month where a strong rally up into early November happens.
Meaning this could drag out all month and then a new speaker is put in that the market loves or McCarthy is back after cutting a deal. Regardless of the news the hitting and piercing of the FP means everything has been fulfilled on the downside. The VIX made a higher high yesterday too, and rarely do you see a bottom in the market until the VIX puts in a lower high, which it’s likely going to do today.
And the 200 SMA is a magnet to the market, which which we are pretty much at it now, so a strong rally up off of is is likely to start soon. Lots of reasons the market can start to go up from this area. It might be choppy at first, which would be a series of wave 1′s up and 2′s down in varies degrees, and then late October the wave 3 up happens? That would be perfectly normal and would frustrate all traders. We’ll have to see what happens today I guess. Have a blessed day.
Dear Friends,
I need to circulate this warning and encourage you to do the same… please turn off your phones, tv’s, radio, and internet for the two hours from 2pm to 4pm EST (1pm to 3pm CST, 12 to 2pm MST, 11am to 1pm PST, etc) as there is supposed to be a government activation of 5G towers that many people in the Truth movements and Whitleblowers inside the governments say is going to either trigger dormant ingredients in covid vaccinated people to either release other superbugs to infect and make people sick, sparking deaths or another pandemic.
5G towers were first “activated” in October 2019 in Wuhan, China, and you saw masses of people drop dead in the streets in bizaree videos. This is what we all saw that shocked us and made us consent to “stay home for 2 weeks” when the government told us to…
So in short, another pandemic of illnesses and deaths will be started today and/or perhaps even some type of zombie activation mechanism. They say the covid jabs edit a certain gene that edits one’s ability to cognitively think properly and also increases the obsessive urge for biting. I know this sounds really bizaree, but it is based. I have researched it and it is definitely based.
To find out more watch the following videos, but please heed my warning and turn off all electronic connections from 2pm to 4pm EST. I hope I many of you will get this in time, but if not you can turn off your devices and then plug them back in, turn them on, after this short two hour window of time, and then watch and find out more details about the warning after the intermission. Also you are encouraged to download the raw video file directly to your computer hard drives, so that when they are deleted off the internet you can prove to people in the worst case scenario that you and I were right and then your friends and family and coworkers will remember you were the one warning them and come back to you in these troubling times. We are definitely living in “end times” – the end of an era or the end of the world as we know it and the transition into a world of awakening and awareness but people are being squeezed and tested to see what they are truly made of and the agnositcs are being forced to chose a side.
The war between God and the Devil is real and it is no longer a battle but a war, and the main part of the war is an Information War. Arm yourself with the Truth and the right information and please share it with others.
This first video is less than two minutes in length and get’s straight to the point:
A big event is planned for October 4th | Everything you need to know, by Jason Shurka:
And this video is more detailed with the entire back story and history and all the proof you could ever need:
OCTOBER 4TH – What is happening? What are EXPERTS doing? – Seth Holehouse, Todd Callender, Clay Clark:
https://www.banned.video/watch?id=651bda03d78a95cb284bbd62
The way I see it – maybe it won’t happen, and then you woke other people up, and maybe it will happen and you warned people and the destruction that takes place is overall in the long run God’s tool to wake people up and again, spiritually test every single human on earth and to find out which side they chose to be on.
Source: https://reddragonleo.com/2023/10/04/es-morning-update-october-4th-2023/
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