A few days ago, the United States government urged all U.S. citizens living in North Korea to depart immediately. A ban was also issued to stop all tourists from visiting there. (Source: ZeroHedge.com) The drums of war appear to be beating. Perhaps this is setting the stage for the fulfillment of what Jim Reeve saw nearly a year ago.
Jim Reeve is the author of The Handbook of Prophetic Trading, which is available as a free download. In August 2016, he posted a video, sharing his prophetic dreams, which revealed future moves in the equities market.
As shown in the chart below, he accurately saw a macro perspective of what was coming. When he posted the video in August 2016, the S&P was at about 2193, but by election night in early November, it dropped to a low of 2083, a drop of about 110 points. In his dream, the initial drop was illustrated as a hanging man.
After the hanging man, Jim saw a long bullish move up, which was illustrated in his dream as climbing up to the top of a tall pole. He saw the height of the pole was much taller than the hanging man’s gallows. As shown in the chart, the market climbed much higher since the November election, from the 2083 low to 2481 yesterday, nearly 400 points higher. Jim was not shown any prices or dates, but the general directional moves and the relative size of the moves were fulfilled.
The upward movement might not be done yet either. Some technical analysts are forecasting the top near 2495.
The next part of his dream has not yet been fulfilled, but should be coming soon. On top of the pole, he saw green army men getting pounded by a large hammer until they were smashed into little pieces, which then fell down the pole like green confetti. So even though it has taken nearly nine months to climb up the pole, it sounds like the move down might happen much faster and might be caused by a military conflict, which might be related to North Korea or possibly somewhere else.
The move down the pole confirms what I saw in a dream last week, which was an upcoming large drop in equities. I believe my dream provided some additional details, including a small drop preceding the larger drop. The first drop formed a perfect V-shape, but the second drop worked its’ way about half way down, then dropped steeply the rest of the way. The steep part fits with a potential military conflict causing a temporary panic.
It is great to know which way the market is moving, but even better to know how far it will move. In this case, that would be valuable information because the market is expected to bounce right back up again after it reaches the bottom.
Here are three reasons why I think the bottom of the second drop might be around 2320:
First, Z3er Jerry shared a prophetic dream in which he saw the Dow hitting bottom at 20,300, which translates into S&P 2323.
Second, the 200-day moving average has provided a strong support level in the past, which is the green line in the chart. The market bounced there in the summer of 2015 and again in November 2016. The 200-day moving average is currently about 2320. So, if the market reaches the top at 2495, that would be a drop of 175 points, which would be much larger than the 110-point hangman drop.
Third, both prophetic insights and technical forecasts show the market climbing much higher after this temporary correction, so this drop is not expected to be the end of the bull market. New all-time highs are expected with the S&P climbing above 2700. It seems unlikely the market will experience a major crash prior to that because it would destroy the bullish momentum and wipe out the gains made since November 2016. The market would have to recover from a major crash and then regain the bullish momentum to reach new all-time highs, which would be difficult because investor confidence would be shaken.
As always, my assumptions could be wrong. This information is offered only as a starting point for prayerful consideration and 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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