A giant W-pattern began forming in the stock market back in July 2015. Now eight months later, it is nearly completed. Technical analysts refer to this pattern as a triple-top reversal because it has often preceded major reversals in bull markets and marked the start of major downturns.
The final leg started forming in mid-February 2016, which is when I posted a warning because upward movement in the market puts downward pressure on inverse ETF’s like FAZ and UVXY. See my previous post, Triple Top Reversal Pattern Could Be Forming Now. Since hitting a bottom on February 11, the Dow Jones Index has moved up by a whopping 1,855 points, closing Thursday March 24 at 17,515 (markets were closed Friday). It is already plenty high enough to qualify as a completed W because it does not have to be perfectly symmetrical, but in this case it appears it will be because several prophetic words indicate it could move higher this week before reaching the top.
On March 17, Z3 visitor Francy shared a dream she had about FAZ reaching a turning point.
“I remember reading James Bailey’s positions… he was listing all his positions, but I only concentrated on his position about FAZ. I saw the number 38 (it looked like a bingo ball) and then I saw James stated he was placing a stop to sell at $38.83. So basically if FAZ fell under $38.83, James was going to sell his FAZ shares to minimize losses.
This represented the shift, the turning point when it will be turning inversely. If you notice the dollar amount I saw in the dream $38.83, 38 and 83 are the same numbers but inversed (in reverse). I just kept hearing- ‘the shift, the turning point’.”
Then on March 19, Z3 visitor Phanuel shared his insights, which confirmed what Francy saw.
“Francy, I also thought $38.83 was the lowest point of FAZ. I’m glad you received confirmation from the Lord. A dream within a dream represents a double confirmation. They are very prophetic dreams. During prayer time a few days ago I saw 206.86, and felt led to watch the SPY stock. So now we are watching for Dow 179XX, FAZ $38.83, and SPY 206.86. I believe if any of these signs happen, we are at the top. All three don’t necessarily have to happen though. Shalom”
To help connect the dots between these numbers, I looked at historical prices. On December 29 2015, FAZ closed at $39.19. That same day the Dow closed at 17,720.98, the S&P closed at 2078.36, and SPY closed at 207.40. FAZ is not directly tied to the Dow or the S&P, so this is just a rough comparison. However, it appears Francy’s $38.83 happens at about the same time SPY hits 206.86.
I also found Phanuel’s follow up comment very interesting:
“Let’s have some fun. Weather has talked a lot about the #22 being a sign of completion. well 38.83 (3+8+8+3=22), and 206.86 (2+0+6+8+6=22)…so for fun…Dow 179XX….17923 (1+7+9+2+3=22) or 17932 or 17950.”
In addition, Phanuel recently received the following two insights.
“I had a dream on March 23 about purchasing put options. I was looking at an iPad with the months Feb Mar written on it. I was showing it to some friends and then it started raining. So I told them to come underneath a canopy. On the iPad, the color to the left and right of Feb wasn’t green. The color began to get green after Mar. The further away from March the greener it became. I perceived in my spirit that end of March was a good time to purchase puts, the green light.”
So that dream confirms the market could still go higher since we still have four more trading days in March. It also confirms a downturn is coming after March. Then today, Phanuel sent me an email with the following new dream:
“Received another confirmation of market top. I dreamt I was looking at streaming quotes on my iPhone. The Dow rose by three digits steeply, at least 200 points, the S&P was around 2073, and SPY overshot my target of 206.86. The gains seemed over a day or two. The impression I got was when we see these numbers we were at the top. Shalom.”
Since Phanuel saw the Dow rising at least 200 points and the most recent close was at 17,515, that would put the top at 17,715 or higher. This fits with seeing SPY overshooting his target of 206.86, which equates to the Dow at about 17,720 (based on my rough comparison shown above). However, Phanuel saw it going at least that high, so the question is how much higher will it go.
Z3 Administrator and Missionary Rob Perrett has received a series of dreams showing him the future top in the Dow. He shared the following comments.
“Back in December 2015, I opened a sell order at 17900 and then on the 31st December I was given the following dream:
I also checked the DJI in my dream. I saw a blue graph that showed it was on its way down, but had spiked around 100 points up to 17900 and triggered my sell order, so I was now already in profit. It had gone past 17900 just a bit before going down again. I was quite pleased and I went to check my email for the sell order confirmation and saw it there also confirming my position. I also think I was wishing I had had a larger position as it only spiked before going down and thus it was the very top.
If from God as I believe they are, these dreams are a revelation showing the top of the market before it crashes. Now we know that after December 31, the DJI did not reach 17900, but instead started dropping quite rapidly.
I had shelved these dreams, but when James started talking about the W formation in February I started to feel that my dreams were for a later time and that time is now. Sure enough the market has continued moving upward since then, higher than was thought likely. As I was considering this and praying about it, last week I had two more dreams for confirmation.
On 22nd March, I dreamed the DJI had reached 17,900, which opened my current order and was now on its way down again so I was too late to add to my original position. I was then calculating margin, profit, loss, etc and trying to figure out how much more to add it to it now whilst leaving room for volatility.
In real life I had been planning to transfer more funds to my broker to add to my order, but hadn’t yet done it.
On 23rd March, I dreamed I was with some people on a grassy hill, mountain side which had a single dirt path coming down the middle. I was discussing with someone about sliding down this path, but it wasn’t smooth enough to do so. Then I noticed there was water piping along side the path and water had been turned on in parts of it. I thought this was amazing, the path would be like a toboggan track and you would be able to slide all the way from the top, really fun! However, there wasn’t yet enough water.
I started climbing up the mountain and had someone important (VIP) following behind me, I was ahead of them finding the path. We went into a building at the top of the mountain that was full of piping. I was walking through it trying to find the top or something (I forget what exactly). I was climbing over and under pipes and also came to one place that was a really small opening and I wasn’t sure if I would fit through. The guy behind me for sure wouldn’t fit. There was also a narrow ledge with a long drop below it. I was scared about falling off but navigated it ok, I had to be really careful in this place.
In general, I feel this dream confirms my existing plan to short the market at 17,900. I was getting ready for a big slide in the markets but it was not fully ready yet. The signs were showing, but it was not all in place yet. The water already flowing signifies the small drop we saw last week from 17,600 to 17,400. Climbing up means the market is going up still, so we’re not at the top yet. But I believe it also means this climb is the final one to the top.
The top we need to be careful about. There will only be a small window of opportunity to get in (confirms my previous dream), and plenty of options to get it wrong and miss out.
Until now, 95% of my dreams that contain vertical movement forecast immediate market timing.”
Since Phanuel saw the Dow surging up to at least 17,715 and Rob saw it reaching 17,900, I believe the top will be somewhere in that range. I have not been shown any numbers, but I saw a graph showing the movement of the Dow. Here is a rough recreation.
I was not shown any dates, but I believe it begins this week. Like Phanuel, I saw it moving up sharply to a top then dropping down sharply and gradually leveling off and beginning to move back up. It then formed a rounded top, recovering over half of the drop, maybe 75%, then gradually falling again.
Since I did not see any numbers, I don’t know how low it will go, but it might drop down closer to the 200-day moving average, which is currently at 17,131.
In a separate vision, which I shared in a previous post, I saw the Dow dropping straight down to 15,200. That graph was different from this one because it was a straight line moving almost straight down all the way.
Based on all of the above, I am expecting to see the market reach the top this week with a fast move up followed by a fast move down either late this week or next week. I am watching all of the numbers shared above, especially FAZ dropping down to $38.83. When that happens, I am also planning to purchase FAZ and UVXY along with some UVXY call options (very close to the money).
After the drop, my plan is to sell all of them and buy them back after the rebound. Then about a week prior to the crash, I will be taking my final positions.
I am preparing a separate post providing some great insights on what we can expect to see after the crash begins based on technical analysis and prophetic insights.
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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