This graph shows a six-year upward trend in the S&P 500 index, which started back in 2009. Technical analysis reveals the trend has now broken and a new downward trend has started.
Zero Hedge posted this graph on July 27 with the headline: The Most Important Market Trendline Since 2009 Was Just Broken.
This development is significant because it fulfills a prophecy given by Elvis Mbonye in January 2015. He saw the U.S. economy would “start a course of plunging” in June/July 2015. He said it would not correct itself in a short time, but would be the beginning of a downward plunge that would continue for years. I shared his prophetic word in my previous post, Elvis Mbonye: U.S. Economy Will Plunge in June/July 2015. So now we have evidence the U.S. economy has started a course of plunging.
Author
Nice find Gegggy this is similar… This Alarming Event Just Happened For The 5th Time In History And The Other 4 Times The Stock Market Collapsed More Than 33%! http://kingworldnews.com/forget-the-hindenburg-omen-and-death-cross-weve-only-seen-this-event-4-other-times-in-history-and-each-time-the-stock-market-has-collapsed-more-than-33/
Start of plunge?
http://www.bloomberg.com/news/articles/2015-08-11/death-cross-forms-in-dow-industrials-down-5-since-record-high
War in Syria. War in Ukraine. War in South Sea ? In all the discussions about Forex and ETF’s, oil has not been mentioned. It will double or triple today’s low. I was looking for USO options in Jan. Today, someone made a pair trade for Jan 16’s. 10,000 calls and 10,000 puts…… Someone’s thinking what I’m thinking.
Hi James,
For information:
Obama declared war on Syria!!!
http://www.activistpost.com/2015/08/obama-just-declared-war-on-syria-and.html
Any
Hi Christian,
.98 is supposed to be before this event: The USD loses the dramatic value first, dropping the ratio to .58. Then if the CHF goes kaput, the ratio will skyrocket.
James – Thank you for all of the information you share on this site. I do think it is a tremendous resource for those who come here. I have been reading your posts and I unfortunately have some confusion. It is my understanding that the Euro and Swiss Franc will lose value before the US dollar drops in value. I do not trade forex, so I may be missing something. There is discussion that the USDCHF may reach .98 before dropping to .58. It is my understanding that the first quote means that 1 US dollar will buy .98 Swiss Francs. If the next currency move is for the Euro and Swiss Franc to lose value against the dollar, wouldn’t the USDCHF quote move higher? Later, when the US dollar loses value would the USDCHF quote go lower (to .58)? Sorry for the confusion, I’m just trying to understand the coming movements in the market.
The next big event is a drop in the stock market coupled with a devaluation of the dollar. That is when USD/CHF drops about 30-40%, but it is not the death of the dollar. Later, the euro and Swiss franc become worthless. Then the dollar and all paper assets become worthless. Regarding USD/CHF it is the opposite of what you stated. The dollar is the base currency, so the price shows how many francs are needed to buy one dollar.
The problem with that graph (market) is that it has little to do with the real economy. The economy and the market diverged a long time ago. One is contracting while the other is manipulated…….. To see the truth about our economy one must look past the lies and seek the truth found only on a few web sites……It is quite evident all economies are dropping and there is an acceleration occurring. Especially these last 2 months (June/July). I would say that prophesy rings true.
James My point was Nobama doesn’t have to wait for congress to come back to announce and send $1.2Bil to Ukraine
Nothing would surprise me with Obama because he just does whatever he wants to do without regard to our system of government. However, I saw a proposal was given to him. I did not see who it came from, but there was a proposal. Then he increased the amount six times. So I did not see Obama acting totally on his own because someone gave him a proposal. It seems likely it would come from Congress because that is our system of government and because they have already approved the original amount I saw.
Hi
While I am also of the view that another GFC type period is approaching due to the withdrawal of easy money from the system resulting in overinflated asset prices collapsing I would point out that on the chart even using the Log scale if one were to ignore the lower wick of the March 09 candle and instead draw the bottom from the lower body of that candle then currently we are still right smack bang on the support of that line.
The only reason I point this out is until they actually withdraw this absurd easy money policy from the system the party will keep going.
September for me will prove to be the key month
If they raise rates all bets are off as that’s the end of easy money
Interesting that September is the month of the Shemitah and 2015 is the 7th cycle of this Shemitah…………
A loan of around $1.7 billion was approved by the IMF to support Ukraine’s economy, according to the Fund’s statement
James,
Is this the amount you were anticipating? Or was it to come from the White House?
WASHINGTON (Sputnik) — The Executive Board of the International Monetary Fund approved on Friday the immediate disbursement of a new loan tranche to Ukraine in the amount of about $1.7 billion, the IMF said in a statement.
According to the statement, the completion of the review of Ukraine’s Extended Arrangement under the Extended Fund Facility (EFF) “enables the disbursement of SDR 1182.1 million (about US$1.7 billion), which would bring total disbursements under the arrangement to SDR 4.72 billion (about US$6.68 billion).”
Thanks for being on the alert watching for these things, but this event is not related to what I saw. There are three things to watch for the fulfillment of what I saw. First, it will be authorized by President Obama. Second, it will be military aid, not financial aid. Third, it will begin as a $200 million proposal, but gets increased to $1.2 billion. President Obama does not authorize IMF loans, although they all work for the same small group of financial elite.
James You were told Nobama will raise the HR1735 amount without congressional approval. You have to think like this guy thinks. He loves to do things with his presidential powers and when there is no one there to debate it. He was already going to go above his authority by raising the amount so why not just do it while they’re gone……. In fact, he will use it as an excuse (congress absent) to go it alone because ” it is imperative it gets done”, or so he says. This is how the guy works. Alone, so he can take the credit (he loves the limelight) and without any obstacles……. I will bet he doesn’t wait.
I did not see where the proposal came from, but it makes sense it would come from Congress since that is the way our government system works. It also fits what I saw because the House approved $200 million in lethal aid for Ukraine, which is the exact same number I saw.
Thanks Rob that helped me understand too.
Thanks George, matches for me too now. Forgive my unbelief James, I’m just naturally skeptical and needed a bit more information on this. I found the following article is helpful in explaining why logarithmic is actually more accurate than linear. http://www.investopedia.com/ask/answers/05/logvslinear.asp
No problem, it is wise to check things out. I am thankful that George was able to explain the chart because Zerohedge.com did not provide the details, so I could not explain it. Before reading your comment I had just finished reading comments from other people that already had me shaking my head. As the moderator, I read comments that are never even posted because I move them to the trash because that is where they belong, but sometimes I allow them to bother me. So, I apologize for taking it out on you.
I remember the House passed the Bill after reconciling in June (18??). I hope it will be passed by Senate before Aug 10,2015. http://www.senate.gov/legislative/resources/pdf/2015_calendar.pdf
Hi James, HR1735 after reconciling should be voted again in both the Senate and the House. But the Senate is at rest in August. Does it mean the sign won’t happen and the stock won’t crash before September?
The federal government’s fiscal year begins October 1st so the new budget bill must be passed before then. I was hoping they would pass HR1735 before their recess, but since they didn’t it now appears it will not get passed until September. Based on what I was shown, that event happens prior to the big crash and provides us with a sign to let us know it is coming soon afterwards.
Is Lindsey Williams credible?
I don’t know anything about him, but I am always leary of the motives of anyone trying to sell their insights into the future, especially when they are charging $50 for a DVD. He claims a global currency will replace all other currencies in October this year. I don’t believe that. I was shown a series of events and the order they are going to happen. The first event has still not happened yet, and now appears will not happen until September at the earliest because the Congress is now in recess, unable to finalize HR1735. I was shown the first event will happen this year. I was not shown any dates for the events coming afterwards, but I don’t believe there will be enough time left in the year for them to happen this year.
Thanks George. Changing my chart to logarithmic did it. Now it matches.
Hi All
I trade with IG Markets in Australia.
This week I have sold 10 mini contacts in US500 at 2104 with a SL at 2180.
I am putting my $$$ where my mouth is.
I expect august will be volatile so have a wide Stop Loss. Thanks Terry B for warning.
I also have 260 FAZ shares.
At 0.98 USDCHF will look at selling the USDCHF . I,m still in buy at present.
Big drop and recovery last night so could be sign of things to come
God Bless James,Weather and all Contributors.
Buying UVXY shares — Very Interesting advice weather and Ko.
Thanks again
Lovely day in Sydney at 1:40pm
regards
PhilipB
https://www.barchart.com/chart.php?sym=%24SPX&style=technical&template=&p=MO&d=M&sd=&ed=&size=M&log=0&t=CANDLE&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=#jump
Rob – that is a monthly chart. Try Barchart or Stockcharts for exmple
Rob and Jeff, Look closely at the chart. It’s a logarithmic scale. It’s a little hard to see but it is different. It’s a common tool used in analysis.
James, Thanks for what you are doing. Keep shining the light and expose the darkness. We are with you and praying for you.
Thanks George! And thanks for explaining the chart. I found it posted on Zerohedge.com and they got it from Bloomberg. I trust Zerohedge.com and have no reason to believe Bloomberg would publish a phony chart showing an end to the upward trend because they typically promote a rosy future. Zerohedge.com did not provide details about the analysis, so your insights are very helpful.
@Rob, I can’t replicate that chart either. I’m using TC2000 charting software. My trend line touches those two wicks like on this chart, but the rest of the trend line is not even close to the candlesticks.
@Rob It doesn’t matter if we dropped below it or not as far as Elvis’ prophecy goes. We won’t have confirmation if he is correct or not probably for a few more weeks. That trendline chart doesn’t show a plunge by any means and Elvis was talking about the whole US economy not the markets (which will follow).
Unbelievable. “He marveled at their unbelief.” (Mark 6:6)
Actually, even the trend back to 2011 I’m not confident enough to say we’ve really dropped below yet. I’m curious to see what other people think too.
Is that graph correct? I cannot replicate it. I don’t have access to Bloomberg, but my own platform cannot, nor can finance.google.com. At best I can draw a line back to June 2011 which we’ve dropped out of now, but if I include 2009 we are still well above the trend. Can anyone else back this up?
Yeah, busted. Bloomberg made up the data just to help Elvis Mbonye! Yeah, that’s it, they’re all in on this. Unbelievable. “He marveled at their unbelief.” (Mark 6:6)
javita Whether the Brics are involved in the NWO or not they are still buying gold. Does anyone believe China is buying because they know it’s going down ? Gold could go below $1000 for a day but then it will rocket to $50,000+. Do you want to try to time that ?
Hi All- Just expressing my confusion on the “big picture” financially. Spiritually, I know and trust my Deliverer, but this whole financial realm has me tossed to and fro. Have you ever considered that the old guard elite are in cahoots with the new BRICS plan. Rather than opposing each other, they have and always have devised this scheme together.. Check out this article and see if this makes sense. If it does, it makes me wonder what really will happen to gold and silver investments that many of us consider as the only safe place to invest http://beforeitsnews.com/alternative/2015/07/china-the-rothschild-fix-and-the-new-world-currency-3192784.html
Also don’t know what you all think about Pastor Lindsay Williams. He is not a prophet, but could me a watchman or who knows could be an agent of the elite. He has put out a new warning , with dates.http://beforeitsnews.com/alternative/2015/07/warning-emergency-bulletin-from-chaplin-lindsey-williams-3192756.html.
What is this new currency and will it really be gold and silver backed?
On trunews yesterday watchman Nathan Leal said he saw that the dollar was devalued by 33% this is close to the figure that you and others saw from 98 to 58.
Thanks for sharing that. The percentage drop all depends on where the price is when the big drop happens. I don’t believe it will stay up at .98 that long. It could drop significantly even before the big drop. Anyway, it is great to get another confirmation that a big drop is coming soon.