Good evening folks and the Lord’s blessings to you.

I have included the video below from Lei’s real talk youtube channel because I think this topic is so pivotal to where we are heading in this world.

A world of less people is a world of deflationary depression. It’s already happening in China,

In fact I am convinced that China has been falsifying their population data to such an extent, and that the covid pandemic was so horrendous over there, that they may be over stating their population by as much a 600mm people!

The evidence suggests that China lost 150mm people during the pandemic years alone!

This fact is hard to even contemplate. But the data suggests this is the reality. I recommend that you keep an eye on this lady’s research. What she is uncovering is mind-bending, and deeply sad.

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is holding pretty steady today in a corrective manner.
There is nothing to suggest that wave ‘iv’ is underway yet.
But I am looking for wave ‘iv’ pink to play out over the this week.
Wave ‘iv’ should fall into the 1.0700 area in three waves.
And this correction must hold above 1.0530 at the wave ‘i’ low.

Tomorrow;
Watch for a drop below 1.0765 to signal that wave ‘iv’ is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Finally a turn lower today with some impulsive nature to it.
The drop off today suggests that wave (iii) is complete at 1.2945.
Wave ‘a’ down is in play now.
And I ‘a’ of (iv) has a target at the initial support at 1.2717,
and the larger wave (iv) has a target at the previous wave ‘iv’ low at 1.2560.

Tomorrow;
We should see at least three waves down off the wave (iii) top.
Wave ‘a’ should break into the larger trend channel.
But I am looking for a drop into that 1.2717 area to complete wave ‘a’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is bouncing along the lower trend line again today with each passing day showing a building momentum reversal.
The price is ending the session basically flat from Fridays close.
I am still suggesting that we are at the end of this decline phase in wave (c) of [ii].
with wave (i) up being the beginning of the next leg up.
WE don’t have any confirmation of that reversal yet.
but I think we will get one this week.

Tomorrow;
Watch for wave ‘i’ of (i) to push higher in five waves over the coming days.
A break above the wave ‘b’ high at 150.20 will be a start.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another step lower today actually hit the support at the previous wave (iv) low.
The market is holding above that level at the moment.
But this is a good sign for the overall viability of this wave count.
And if we can break through that 41700 level to close out wave (i) down that will be even better!
One step at a time.

Tomorrow;
Watch for a five wave pattern in wave ‘v’ of (i) to close out this initial impulsive decline.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The wave count in gold got a small reprieve today with a turn lower at last!
The price must accelerate lower in wave ‘iii’ of (i) to confirm the pattern here.
and I am suggesting that wave ‘iii’ should break below 2785 as a minimum target,
so there is work to be done here before getting confident on the larger wave [c] pattern.

Tomorrow;
Watch for wave ‘ii’ to hold at 2929 and wave ‘iii’ to break below 2832 for a start.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil has dropped back again also today in line with the wave (v) pattern.
A small lower high today is labelled wave ‘ii’,
with wave ‘iii’ of (v) now underway.
Wave ‘iii’ must break below 65.00 again at the wave (iii) lows to confirm wave (v) is underway.

And from that point we will be drawing close to the end of this wave (v) leg down.
The main target for wave (v) lies at 63.78.

Tomorrow;
WAtch for wave (v) to trace out five waves down to hit 63.78 at the minimum target for the larger wave [iii] green.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I wonder the the thought ringing in my head tonight!

Lets start on the 4hr chart.
The market has dropped below the recent wave (iv) lows at 5693 today.
And that is a good first target for a reversal to hit.
So we can check that box.

The next major support for this market lies at the wave [iv] low at 5090.
The market should hit this low in wave [i] green.
that will retrace all of the rally in wave [v] green which started back on July 24.
And if this decline keeps up the current pace,
then we could see a full retracement by the end of this month even!

Now thats impulsive action!

The hourly chart shows a possible count for a wave (iii) of [i].
Todays decline is shown as a third of a third move,
which explains the acceleration lower.
This is still speculative obviously.
there are some indications that the market is oversold even now.
But,
If this weeks action continues lower into this wave (iii) pattern that will really favor the idea of a major reversal underway here again!
This week will tell alot.

Tomorrow;
Watch for wave ‘iii’ of (iii) to complete an five wave pattern lower near 5500.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

silver has thrown this wave count a lifeline today by stepping lower again.
There is not enough action yet to confirm the pattern.
But if we get a break of the wave ‘i’ low at 30.80 again that will be enough to signal this pattern is in play for wave (i) down.
I am still looking at the wave (iv) low at the initial target for wave (i).
If this pattern is correct,
then we should hit that area by the end of this week.

Tomorrow;
Wave ‘ii’ ust hold and wave ‘iii’ down must continue lower as suggested.