ES Morning Update May 5th 2025

As of the close Friday, the ES is around 200 points away from the FP on the SPY at 586.86, and with the FOMC coming up this Wednesday I have to think we will top right into the meeting and hit (and pierce) the FP at the same time.

Then we fall off a cliff hard and bottom into around the 15th of May where we retest the low (and pierce though by a hundred points most likely), which then should have everyone calling for the top to be in and that the market is in a recession. Bears will load up massively short and the market will squeeze all the way up to the 655.66 FP on the SPY into the 4th of July.

Sadly, there are forecasts/dreams/predictions out there that says Japan will get hit with a Tsunami on July 5th and that it will be 3 times bigger then the March 11th, 2011 one. It is expected to kill millions and 2 new land masses will rise up out the sea from the plates shifting under the ocean. Needless to say that “if” we hit the upside FP just beforehand that horrible event to Japan will cause a massive crash in the stock market in Japan (Nikki) and of course affect the rest of the world too.

I hate to be so “doom and gloom” but there are others out that that say this will happen. My focus will be on the 655.66 FP of course, and I pray that the good people in Japan do not get hit with this event. These world-wide disasters are a sign to me that we are in the end times. Some think Jesus will return around 2030-2031… no one knows the day or the hour of course but that period “might” be something Bible Scholars can estimate. I pray that all my readers say a pray for Japan as I really don’t want anyone to die like that. I’m way off target here in this post but I just had to get it off my chest, so to speak.

Back to the market, this is probably the simplest forecast I’ve done in awhile. No fancy wave count, just a move up to the 586.86 FP into this Wednesday, a big drop intl the 15th, and then a massive rally into July 4th where the FP of 655.66 will be hit.

That FP came out on 12/16/2024 and you can see the obvious 666 code in it.  It’s very likely to be the high before we crash into October probably… we’ll see.

Have an “extra” blessed day.