U.S. Stocks have declined sharply from the first Hindenburg Omen observation on June 10th, which was one day after the most recent Bradley model turn date, which was a major turn date. Interestingly, China's stock market topped on June 12th, only one day after the official (second observation) Hindenburg Omen. These cycle turn dates have been prescient.

But what is quite interesting is that since that top, China's Shanghai Composite Index crashed 34 percent. It bounced a bit the past day, but the rally is suspect, as intense government intervention is putting rules and steps in place to artificially prop up the average. This forced effort to bypass free markets will backfire and assures that China's stock market is headed into the abyss. The rally the past day came with almost 1,400 stocks halted from trading, not allowed on the playing field. China's stock market gave up all of its gains from the past 8 years in just the past 4 weeks! They sit where they were back in 2007. This crash is not over. We believe China's stock market is headed below 1,000. Take a good look at the following chart. We believe this is what is coming to U.S., Europe, and most global stock markets later in 2015.

Fed Chair Janet Yellen made clear Friday that she believes the Fed will raise short-term interest rates this year. This rhetoric is interesting, as the IMF is recommending that the Fed not do this. This is the same mistake the Fed made back at the start of the Great Depression, raising short-term interest rates, effectively reducing liquidity at precisely the wrong time. World liquidity is drying up. We believe QE 5 is coming once the U.S. stock market tanks, ballooning an already bloated Fed balance sheet. Precious metals will fly once this happens. If the Fed raises short-term interest rates in September, they will have to reverse course within weeks of that action. If they do not reverse course then, it will just make the coming plunge even worse.

We are now on HIGH ALERT!!!!! Grand Supercycle degree wave {IV}'s decline could start soon. We need to pay close attention and be prepared for a September 2015 event that triggers a stock market crash and economic depression.

An Ascending Broadening Wedge top pattern is completing now in the Industrials, a pattern that started at the end of October 2011. It is an a-b-c-d-e pattern, with wave d-down finished, and the final wave e-up rally finishing.

The Industrials have essentially reached the upper boundary of the Jaws of Death pattern, the top for Grand Supercycle degree wave {III} up. This pattern may be complete, as the Industrials are falling hard from this pattern's top.

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"Jesus said to them, "I am the bread of life; he who comes to Me
shall not hunger, and he who believes in Me shall never thirst.
For I have come down from heaven,
For this is the will of My Father, that everyone who beholds
the Son and believes in Him, may have eternal life;
and I Myself will raise him up on the last day."

John 6: 35, 38, 40