ES Morning Update April 10th 2025

LOL… we got the rally was looking for into next week but all in one day! It was a massive short squeeze and the perfect bull trap. I still expect to see the best short to appear next week, like on Thursday right before the 3 day weekend. Now we might put in the high for this rally this week, but pullback small early next week, and go up for a slightly lower high at the end of next week.

That would be ideal as basically we’d have the low put in already on Monday, and the rally up in play now will “in the end” turn out to be a wave 1 up of the last huge move up to 6500+, which is some large degree wave 5, and the pullback into the end of this month would be the wave 2 down. It will fool everyone as it won’t make a lower low but instead make a slightly higher low.

So, as we go into next week everyone should be super bullish, and if we see Jim Cramer come out and say the low is in and we are off to new highs you know the top for the rally is near. Too me, this is the ideal setup as I really didn’t want to see the 483 FP broken on the downside from last year as it did look very important and it’s not looking likely to break on the next drop. I think we stop in the low 5000′s and it will be a perfect retest of the breakout area from yesterday. There’s also a “possible” FP on the SPY at 500.40 from yesterday, which is that breakout level.

On another note, I used too follow a guy named Reinhardt, who passed away several years ago. Old time followers of this blog will remember that he called the 2008 crash months in advance. He did it based on following what the elite (I call them the satanists) would due around certain event. He pinpointed the Catholic organization called Legatus (Legatus.org), and figured out that they were going to crash the market at a certain Pilgrimage, and they did the same thing this April.

The most important one is the “Jubilee” one, where in the Bible all debts are forgiven during the Jubilee, but for these evil people they use it to crash the market, which of course they cash out at the top and buy the bottom. The next Jubilee Pilgrimage is this coming April 27th to May 2nd (https://legatus.org/events), and it’s VERY LIKELY the low in the market will be in that period.

Whether or not it’s a higher low like I think or some crazy flush out drop to a new lower low is unknown, but the time area will be right into those dates. There’s a few folks out there looking for 4100, but I’m not that person. I’m looking for 5000, but the target to me isn’t as important as the “when” part. It should be right into this pilgrimage in my opinion. I’m just going to wait patently until next week as I’ve seen the pattern many many times in the past. “They” love to use long weekends to make big turns in the market. They will do it after Easter.

Have a blessed day.