Stock market crash update

In my November 4 podcast, I shared a few recent dreams, which I interpreted to mean the stock market is first going to move way up, then drop way down soon afterwards. I believe those two moves will be a sign the market will crash soon afterwards.

SPX already made a big move up, bouncing 212 points to 2815 on Nov 7 following the 11%, 337-point, drop from 2940 on October 3 to 2603 on October 29, but based on the dreams listed below, if I’m understanding them correctly, that was not the big move up I’m expecting:

• On October 8, I dreamed I was racing other cars on a long road going straight north. I was in first place driving as fast as the car would go, but there was a very powerful silver Mercedes Benz trying to pass me. He took the lead at one point, but I was racing to get back into the lead and I think I did eventually.
• On November 6, I saw a vision of a vertical blue line and I knew it represented SPX moving straight up so high it scared me because it looked like it might not come back down.
• On November 6, I had a short vision where I was with a lot of other people standing on a ride at an indoor carnival. I did not see the whole structure we were standing on, but it seemed to be round with a bar that went around it to hold us in and keep us from falling off. It was just starting to lift off the ground and I knew it was going to take us straight up very high. As it lifted off, I looked down and saw Jesus looking up at us and smiling.

I don’t think the move up to 2815 fulfilled those requirements because it was not straight up, did not move fast enough, did not have a carnival feel to it, and did not go up so high it scared me, so I think it’s still ahead of us and very soon.

Before the steep move up, I am expecting SPX to drop a little lower than where it closed today because of a vision I saw on November 7, which appears to be happening now. In the vision, I saw a chart showing SPX forming a rounded top and slowly turning down. Then the drop got steeper near the bottom. At the bottom, it turned up steep, but the chart ended, so it did not show how far up it went. The 5-hour moving average on the 30-minute chart most closely resembles what I saw, as shown on the right side in the image below for November 7-12.

On the left side is a rough sketch of what I saw. On the right side is the actual price history since November 7. These are not on the same scale, so the prices shown on the right axis don’t apply to the rough sketch. The key point is it was steeper near the bottom, which has not happened yet, so I am expecting to see that soon.

I listed the dates as Nov 7-? because the chart did not include any dates, so I don’t know when it completes, but it seems likely to be in the next couple of days.

Today, SPX dropped 54.79 points, closing at 2726. Based on Fibonacci patterns, a drop down to 2709 would be a 50% retrace of the recent 212-point move up. A drop to 2684 would be a 61.8% retrace and a drop to 2649 would be a 78.6% retrace, so those are possible targets. I am currently leaning toward 2684, but not ruling out the possibility of 2649.

Also mentioned in my November 4 podcast was the green 166 I saw on October 18. In the past, when I’ve seen red or green numbers, they have been fulfilled in intraday prices compared to the previous day’s closing price. So I am watching for a huge move up, 166-points in one day, but was not shown any dates. The lower SPX drops this week, the more likely it is to get a one-day rally up 166 points. Another possibility is during the green 166 happens during the bounce after the market finally hits bottom in the upcoming crash.

Also shared in my recent podcast was a dream received by Karissa Washburn in 2012 regarding a major crisis during the Thanksgiving holiday season. I shared it because of the possibility it could be fulfilled this year, but that now seems unlikely because the stock market has not topped yet and appears likely to reach the top around Thanksgiving, which would not be possible if there was a major crisis happening. I think the events she saw will happen in a future year, but not this year.

Economist Martin Armstrong is confirming the possibility of the stock market topping around Thanksgiving. His Pi Model forecast shows the market turning exactly on November 22, Thanksgiving Day. (Source: armstrongeconomics.com) So if we get a big rally later this week, it could carry over into next week and reach the top by Wednesday, November 21. In my opinion, this scenario seems most likely.

Also shared in my podcast was the possibility of a military event triggering the drop in the stock market. The location of the event was not revealed, but one area I’ve been watching is the Middle East. Specifically, I’ve been watching the conflict between Israel and Hamas in Gaza because of a prophetic warning shared by Henry Gruver that when Israel sends troops into Gaza, it will mark the start of the Middle East War. In the past 24 hours, the conflict has escalated dramatically with over 300 rockets launched from Gaza into Israel. The Israelis are countering with air strikes in Gaza. So a Middle East War seems like a very real possibility.

Historically, after the secondary top is reached, market crashes have reached the bottom within about 10 to 15 trading days. So if it reaches the top around Thanksgiving, it should start dropping before the end of November and reach the bottom by mid-December.

The day after Thanksgiving is known as Black Friday, the biggest shopping day of the year. In past years, Black Friday has kicked off the Christmas shopping season, but if my forecast is correct, the shopping season might get cut short this year.

Prophetic insights reveal partial information, such as prices without dates or graphs without prices or dates, so this is not a recommendation for investing.

Author: James Bailey

James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.

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