I'd like to start with the S and P 500 here first because as we know, it's kind of central to our most markets.

So with this particular market here, what I know is that the move down through here eyes corrective.

So that means we'll either be up for way one back for wave, too, on dhe, then up for way three Here wth e other move for this.

Is that because this movie is down in three waves?

We could actually it's took.

That makes the whole thing corrected.

But we could end up with the triangle pattern where we haven't a wave here and a and A B and a C wave here replicating this pattern here, but slightly smaller on then another three waves over here.

Yes.

So basically the triangle patent.

So coming through here.

So in a and A B and C and a d and then a, B, C, D and E wave here, sir, a triangle pattern occurring across him.

But the main point is, this is that this is a ll bullish one way or another.

So the reason I'm saying this for is because three Australian market if we could move to that for a moment here.

We know that the move currently up here is basically in three waves, and it's at the 50 60% retracement area through here on dhe.

We know that we know that this particular market is is pretty much waited from the bank's on dhe.

We know that the World Commission on the on the banks is due out shortly.

Maybe bun Dave, I'm not quite sure I'm not really up with all the news, but I want to talk about, um, the banks and also want to talk about the material sector as well.

So we basically know that that the U.

S market threw in a bullish mood, so that would kind of put the global markets in a bullish mode.

Except we've got what you know.

We're we're at the gallows, basically with without banks.

So, um, without banks, if I can just go into those for a second and come back to this So what I want to do first is just go to I'll just go to Ann's adverse now with Ames said here, we know that We're at a medium level here, 25.

So that's always a nice a nice number tow work with either way.

But in a nutshell, The reason of choice in this market here for is because the move up through here, we know that the U.

S.

Markets of bullish in this particular instance.

So I was assuming, or thinking or waiting for evidence to see in this case.

So this move up from the low heels daily chart is we could look at this his way one and wave to him on then.

This is a This is a nice, strong third wave here with five waves in it.

And then we're looking awesome for an A and A B in the scene.

I thought I might have had it on this low.

Here s O.

I did make a little bit of a mistake yesterday, but as a way to be waving a sea wave foot would catch the pullback here and move it up from that point there.

So, um yeah, in a nutshell.

Looking for basically five ways to the upside here.

So we this this is pulled back into this space here now from this low here to this particular high here.

So the way four here this is wave one and two and three and four here.

It's pulled down past the 38.2% retracement level.

Normally, I wouldn't worry about that because I would be working with his closest ally.

Just number here.

But you could imagine if this if this number becomes the resistance here in this market, it might have.

It'll bounce off it, move through it and on DSO on.

But if it becomes the resistance here, then this market becomes very.

Should this point on also to this'll move down through here and take this top out here.

Then it's Berisha's well, how far Barish will ago.

It could certainly come down and take the lows out here, but otherwise would need to look at the 24 25 area here, 61.8% because this could be allowed to correction oven, a wave of be waved down to here and the sea wave coming back up into this space here.

I don't think that's going to be the case.

I think that this would just simply being a and A B in to see, and then we'll take this low out through him.

Um, this particular pattern through here if I look at this with, um with Westpac here, we can see that a couple of things here, we can see that the move up here is one and two here.

And then we've got the third wave up here.

But in this case here, the market has moved down below this top of weight one here.

So we've got overlapping waves structures here.

So we've either got this market.

He I mean, I need to explore the possibility.

So we're aware off.

Um, so at this point here, it may just move down to the 61.8% mark here and then move off.

So as an a wave here be wave here and then a sea wave up here.

It's possible.

But I also don't think it's the case because it would need a market to pull it up from that point.

So off the Hane report, of course, the royal commissions.

So, um and we just really don't know what's gonna come out of the gates on this one, But the different the two conflicting factors in my mind with the report is that they can't crucify the banking sector to too much.

But thistles, the third report that had into the banking sector.

But this time it's a little bit different because this time it's being conducted by lawyers S O they're not interested in, you know, in supporting situation is such unless they're being paid off, who knows?

You know, it's just but yeah, so But what this is telling me now is it's telling me that this is bearish at this point and also to if I could just bring calm bank up here.

I'm sorry that these are not labeled the labeling on the tread levels.

Charging program is not holding is not working properly.

So off got some guy's working on it.

So from this is C B A.

Here and this has got a different pattern.

So this has started its low way over here where the other markets had it slows him.

But with this market here is well, you've known for some time that I felt the move up through here was actually corrective and will learn from a waving to be waving the seaway.

And then we'll come down and take these lows out here.

So this is also proving Berries.

But even in on a smaller scale here, from this low here to this high here at we're at $70 here.

So we do have support him rid of the 61.8% so it can move up from here.

So also, what I'm saying here, the thing to look for is the resistance at 70 here.

So once this is breached here than that makes this Berisha's well so really, Westpac is really leading at lower s O.

That Barish connotation with all the banks is certainly in play.

On the other point he had to is that if we look at the material sector, which you know, Marcus made up of finance and resource is and if if the if the banks are moving up, then the resource is moving down and vice versa.

In most most cases, when we look att, BHP is an example here I might just we talked about this the other day.

I'll just grab this other chart because I do have this labeled on on this child program.

So we were talking about this, the other day, weren't we?

Were We were looking at this move down here.

I had it in two ways.

We could be a zone A into being a C for way for and they would move up for way one back for way, too.

And then we'll go for 345 So we'll end up $40 up here somewhere.

Uh, the The point here is that it could have bean that this was way one down here and then a waving to be waving the sea wave to this point here and then would move down for one and back to on down the game.

As soon as we move past that little point here that solidified that, we would be in a bullish market.

So what we're seeing here is that we're seeing, um Well, resource is start with being bullish on that would just in my tiny little mind would make the finance bearish.

So I think we can you know, we can We can expect this to be bullish for quite some time on dhe.

We can expect the banks to be bearish for quite some time, but we don't know it's gonna be driven by you know, by by news headlines for the bank.

So that money is shifting from the banks into this market.

And that has bean for quite some time.

So on this, of course, will be the same four.

Um, you know, the other markets as well.

Well, start with with Rio.

Here is well daily chart for Rio.

So I didn't want to chase these markets.

I mean, I had mentioned to you, but we just need to wait for some Pullbacks to come into play here.

So at 90 here for Rios going to, you know, um, consolidate here, but this is bullish in a ll.

This is little third way moving up here.

So we should see Rio at $100 eventually.

Andi, we've got also Well, there's lots off them if mgs another one.

Of course.

So the thing with F m G, though here is going back to 2016 here.

The move down through here is this is five waves here.

So a wave on dhe be way and then one and two and three will be short here for five here on the thing I like about this the a way was really sharp down on the sea wave a bit more lazy.

So that tells me that this market is incorrect cause if this was the third wave coming down here, then we would see it would see it.

Justice moved on.

Justice quickly is the first move here.

The other point here too.

Is that what's wrong?

Indicator thingy?

So in this one here were also at our 61.8%.

So we should see this market here also push up much higher here as well.

So in fact, it should take out this high here.

So we should see this up at the $8 mark here.

So with your portfolios and things, this just sort of helps a little bit, you know, just give.

Just wanted to sort of open up that that particular channel a little bit, Maur.

So we will into some of these mining stocks.

But when we're using, see if Dee's the leverage is so high.

So we have Thio.

You know, we have to wait for a pullback in in all of these.

So that's what we'll do their back to the 6 200 here.

So we know that this market is governed by pulled around by the banks.

So I don't know if we're going to see this move up here.

I don't know what we should label this wolf currently at three waves up here.

If we get another high here, then we can start looking at it being five ways up and I can remove these here.

And then we can look at this being the same as the US so we can look at this is being way one up here or wave a up here.

But we do need to make a new high here just to confirm that that we're on the right track here for fought for high ground.

Otherwise, this is gonna be pulled down by by the banks.

And other thing, too, is that this could get really messy in here is Well, so be mindful of that.

Because when we've got the finance and the resource is moving in the same direction, then we see the eye.

6 200 put its wings on and just fly.

It moves so fast.

But when we've got banking when we've got the banking being bullish, then that will be on the same side as the U.

S.

Banking old Goldman's and all the rest of it, cause that's what gold, Goldman Sachs and all the rest of you got this move up through here is Well, so, um, then the sex will be pulled in that way.

But because resource is moving up on dhe banking is eyes moving, moving down.

It's going to make it extra messy.

So it's going to be a little bit tricky toe toe workout with all of this.

So if I just go to the hourly chart here for a moment, we just need strategy here because I just don't have a clean, nice, clean count for us here.

So last time we spoke, we're looking for any long trades to be above the top here, so we'll still play that in mind.

This little move down through here is in five waves, so it's either going to have another ABC back up to here on.

Then it's gonna move down again.

So you can short this low here because if this low gets taken out, then we're gonna be coming down to the 58 here.

If this market moves above 59 then go long from that point so I can label it in different ways here.

But I don't think it's worth it at this particular stage to put too much weight on the count of the in this particular space, Our aim was to get to 59 because that was out 50 60% retracement 1 61.8% retracement level area on.

We're just seeing what comes out of the gate.

See him on the gate is the range that we've got.

So this high Now we knew about that.

And now we can use this high because we've got five waves down here.

If this does move down, then I'll move down in five waves so we can count.

That is way one little move back for a back foot for wave to here.

And of course, um uh, yes.

I mean, I pull out the six.

We could have a look at the 61.8% but it's not the end and be end in this particular case here because because it's too much in here so it could end up anyway, so we could have a little A B and C here for this space.

Or it could just move straight down from this area through here.

So yeah, eso way one here wave to hear then will be down for wait 34 and five.

So but 58 would be the target area down here for the short and then would simply have to wait to see if this became the retested resistance.

If 59 becomes the support, then we can look up at 6000 okay on, and then we'll I'll know where we are at that particular stage with all of this.