Good evening to one and all.

The Lord’s Blessing’s to you all again tonight.

This is worrying.

Kyle Bass @Jkylebass

1. Multiple PRC entities are taking actions which are consistent with preparations in anticipation of War/Severe Western Economic Sanctions.

2. In general, Public and Private entities are rapidly reducing assets held outside the PRC which will be subject to freeze or seizure.

3. Similarly, we see selective defaults on liabilities to Western creditors.

4. There is an acceleration of arrangements with key suppliers and customers which bypass the USD and USD based payment systems. NB oil and Food.

5. The PRC’s recent removal of all corporate and macro-level data from data aggregators to the West, is in itself a dramatic action given their desperate need for USD inflows.

6. When viewed in the context of anticipating the timing of a potential invasion, we view these actions as important indicators and warnings.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Its three waves down off the top so far and the price seems to be forming a double bottom this evening.
on the positive side,
the price has dropped below the lower trend line of the wedge pattern.
there is still a possibility that this pattern will develop into an impulsive decline.
The short term action is reasonable so far.
But we will see.

Tomorrow;
Watch for wave ‘i’ pink to continue lower tomorrow to trace out a five wave pattern overall.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is holding below the recent high at wave [v] of ‘A’ today,
and this initial decline has potential to develop impulsively.
I am now looking towards that wave ‘iv’ low at 1.2435 as the potential target for wave ‘i’ now.
So I am asking a bit more off this market to prove the reversal in wave (i) now.
It is definitely a wait and see moment here.

Tomorrow;
Watch for wave ‘i’ of (i) to trace out five waves down towards 1.25.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is still moving in that wave (ii) pattern today
and it seems wave ‘c’ is struggling to take the price higher.
I am looking at the 62% retracement level at 136.00 for wave (ii) to complete.
Once that level is hit,
then we can look lower into wave (iii) of [c] again.

Tomorrow;
Watch for this three wave correction to close out tomorrow with a rise into 136.00 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow is again essentially flat on the day so there is very little to report here.
The market continues to hold a lower high in wave ‘ii’ so I remain hopeful that this reversal can continue to build into wave (i) over the remainder of this week.

If this market does manage to rally again this week,
then I will look again at the wave (c) of [ii] count for a new top.

Tomorrow;
Watch for this wave ‘ii’ lower high to hold again as the week progresses.
A drop beck into the lows of wave ‘i’ again will favor this wave (i) count.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Last nights count in gold is invalidated now after the price pushed higher again today.
The action is still pretty corrective to the upside here.
So I am suggesting an extension in wave ‘iii’ of (i) now as the likely pattern.
This pattern requires that the price move lower over the coming days into wave ‘iii’ of (i).
And if wave ‘iii’ is going to extend,
then we will see a clean break below the the corrective shoulder formed by wave ‘iv’ and wave (iv) at 1950.

Tomorrow;
Watch for wave ‘2’ of ‘iii’ to top out and turn lower again to break 2000.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I have switched to the alternate count for wave [i] and [ii] tonight because the rally off the recent low has refuswed to top yet.
That relative size of wave (ii) and wave (iv) blue is stretched at this point.
so I am suggesting that this rally is wave [ii] of ‘3’.
and I am now expecting wave [iii] of ‘3’ to begin sooner than I previously thought.
The rally has already retraced 50% of the decline in wave [i],
so we are entering the typical area wave [ii] should top out now.

Tomorrow;
Watch for wave (c) of [ii] to complete five waves up as shown.
A break back below the 70.00 mark again will signal wave (i) of [iii] is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

That was a deadly quiet trade today and of course I have very little to go on because of that fact.
I can still say we have a 50/50 market here.
The alternate count cannot be ruled out yet.
And only a break below the wave ‘i’ low again will signal wave ‘iii’ of (i) is underway.
Until that happens I am stuck it seems!

Tomorrow;
I want to see wave ‘iii’ of (i) make that turn a break below the wave ‘i’ low at 4046 again.
That will confirm the pattern and take the weight off my mind at least!
Watch for the lower high to hold again and wave ‘iii’ to begin.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

the short term pattern here is far from ideal to be honest.
A new lower high was not hit in wave ‘c’ of (ii) today.
and so far we have anotehr lower high in place this evening.
If the price turns lower to break 25.00 again tomorrow that will definitely favor the wave (iii) idea,
although I would prefer a clean three wave corrective pattern in wave (ii) before the next leg down begins.
Beggars can’t be choosers as they say!

Tomorrow;
Watch for wave (ii) to show signs of topping and reversing into wave (iii).
Wave ‘i’ of (iii) should break 25.00.