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This just in from my new econ research team

December 28, 2018
Drew Angerer/Getty Images
Glenn Beck

CEO/Founder

I get these reports daily now and soon you will too. I thought this one was important:

With Munchin formally 'activating' the Plunge Protection Team, thought I'd send an update.
The DOW is nearing its next major support level which should mark the end of Wave 3 of III down, and we should see a meaningful bounce from there. That key support level is 21,486. Measured as a whole, the DJIA reaches "oversold" status at around 21,515 (that is where the current price moves below the estimated 365-day P/E Ratio average for all 30 stocks).

If we have the Wave Count correct, the Market should bounce at or before 21,486, and recover 30-51% of the decline from December 3rd rally peak at 25,980, if not 30-51% of the all-time high on Oct 3rd at 26,951. It just depends on the degree of trend. Either way, we'd expect the market to find a near-term floor soon and start a Wave 4 rally. We are still in the overall declining trend channel of Lower Highs and Lower Lows, so breaking through the top end of that channel (right now at around 22,974) will be needed to confirm Wave 4 up is actually underway.

Note that AFTER that rally, we'd expect to see Wave 5 down, as the overall cyclical Bear Market continues. The bottom of that trend channel is below 21,500 and above 15,500...I realize that is a huge range, but the decline has been steep enough and choppy enough that I can't make a more definite prediction just yet.

If the market does continue lower with strength below 21,486, the next support shelf isn't until ~20,834. Just need to keep our eye on that 21,486 level and the pace/volume of trading and A/D ratio if it pokes at that level. Probability is we see a countertrend rally start soon, but if declines continue here past 21,486 with strength, it points to a larger Bear degree of trend and declines to next support levels below.

Note: Oil is down significantly today as well, trading below $44. Oil-dependent economies will be strained.

It is the last line that worries me. I will focus only on 8 critical things next year to assist you in understanding now just what is happening today but more importantly how this fits into my theory of what comes next.

The time is now. Get ahead of everyone else so you can help those behind.

WATCH: This is why Eric Weinstein is FINALLY talking to Glenn Beck

Eric Weinstein, managing director of investment firm Thiel Capital and host of "The Portal" podcast, is not a conservative, but he says conservative and center-right-affiliated media are the only ones who will still allow oppositional voices.

On "The Glenn Beck Podcast" this week, Eric told Glenn that the center-left media, which "controls the official version of events for the country," once welcomed him, but that all changed about eight years ago when they started avoiding any kind of criticism by branding those who disagree with them as "alt-right, far-right, neo-Nazi, etc.," even if they are coming from the left side of the aisle. But their efforts to discredit critical opinions don't stop there. According to Eric, there is a strategy being employed to destroy our national culture and make sure Americans with opposing views do not come together.

"We're trifling with the disillusionment of our national culture. And our national culture is what animates the country. If we lose the culture, the documents will not save us," Eric said. "I have a very strongly strategic perspective, which is that you save things up for an emergency. Well, we're there now."

In the clip below, Eric explains why, after many requests over the last few years, he finally agreed to this podcast.

Don't miss the full interview with Eric Weinstein here.

Want to listen to more Glenn Beck podcasts?

Subscribe to Glenn Beck's channel on YouTube for FREE access to more of his masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, or subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Glenn Beck: Why MLK's pledge of NONVIOLENCE is the key to saving America

Photo by Hulton Archive/Getty Images

Listen to the Rev. Dr. Martin Luther King Jr.'s pledge of nonviolence and really let it sink in: "Remember always that the nonviolent movement seeks justice and reconciliation — not victory."

On the radio program, Glenn Beck shared King's "ten commandments" of nonviolence and the meaning behind the powerful words you may never have noticed before.

"People will say nonviolent resistance is a method of cowards. It is not. It takes more courage to stand there when people are threatening you," Glenn said. "You're not necessarily the one who is going to win. You may lose. But you are standing up with courage for the ideas that you espouse. And the minute you engage in the kind of activity that the other side is engaging in, you discredit the movement. You discredit everything we believe in."

Take MLK's words to heart, America. We must stand with courage, nonviolently, with love for all, and strive for peace and rule of law, not "winning."

Watch the video below for more:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Section 230 reform or antitrust laws  — how do we STOP Big Tech censorship?

Conservatives are between a rock and a hard place with Section 230 and Big Tech censorship. We don't want more government regulation, but have we moved beyond the ability of Section 230 reforms to rein in Big Tech's rising power?

Rachel Bovard, Conservative Partnership Institute's senior director of policy, joined the Glenn Beck radio program to give her thoughts and propose a possibly bipartisan alternative: enforcing our existing antitrust laws.

Watch the video below:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

'You have no idea how bad this was': Dan Bongino details behind-the-scenes 'smear campaigns' against Parler

Dan Bongino, host of The Dan Bongino Show, is an investor in Parler — the social media platform that actually believes in free speech. Parler was attacked by Big Tech — namely Amazon, Apple, and Google — earlier this week, but Bongino says the company isn't giving up without a fight. In fact, he says, he's willing to go bankrupt over this one.

Dan joined Glenn Beck on the radio program to detail what he calls a "smear" campaign behind the scenes, and how he believes we can move forward from Big Tech's control.

"You have no idea how bad this was behind the scenes," Dan told Glenn. "I know you're probably thinking ... well, how much worse can the attack on Parler have gotten than three trillion-dollar companies — Amazon, Apple, and Google — all seemingly coordinated to remove your business from the face of the Earth? Well, behind the scenes, it's even worse. I mean, there are smear campaigns, pressure campaigns ... lawyers, bankers, everyone, to get this company ... wiped from the face of the earth. It's incredible."

Dan emphasized that he would not give up without a fight, because what's he's really fighting for is the right to free speech for all Americans, regardless of their political opinions, without fear of being banned, blacklisted, or losing jobs and businesses.

"I will go bankrupt. I will go absolutely destitute before I let this go," he said. "I have had some very scary moments in my life and they put horse blinders on me. I know what matters now. It's not money. It's not houses. It's none of that crap. It's this: the ability to exist in a free country, where you can express your ideas freely."

Watch the video below to hear more from Dan:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.