ES Morning Update January 6th 2025
It doesn’t look like they are going to allow the double bottom area to break as we come to the end of the bearish period today and/or tomorrow. However, I’m not married to the idea that the bulls are going to just do another huge “day after day” squeeze up to a double top or even a new high.
I get the feeling we are going to see many up’s and down’s from here forward into the 20th or later, and that we will not make a new high. I could be wrong there as that’s just a gut feel and nothing more, but it’s based on my thoughts that the SPX will hold the current ritual number high intact until this summer when they do the last big rally up to another ritual number.
Cycle wise that should happen in August, but we have a huge ritual date on September 9th, 2025 (999), so that might be the final high? If you are satanic, and all the elite are, and you want a huge crash to crush America and steal the wealth of the people, then you will want both a ritual date and a ritual price for the last high.
I have a FP for the ritual high on the SPX and it’s above 6500 SPX a little, but not the obvious 6666 ES/SPX, or 666 SPY. It’s below that but it’s still a ritual number and while I’m just guessing on the date, which it might not be, but it will be something of importance no matter what.
I’m discussing it now because there’s not much for me to talk about here in the short term. I think we are going into a chop period from now until the 20th or so with no clear direction. We will probably be some ABC that subdivides into 5,3, and 5 waves I suspect, and those waves will subdivide too as 2 weeks or more of time is going to require lots of chop. Again, it’s possible that we make a new high but I really lean toward a lower one. I don’t plan on doing any trading during this period as it’s going to be tough to figure out.
Have a blessed day.
Source: http://reddragonleo.com/2025/01/06/es-morning-update-january-6th-2025/
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