GateUser-7b8514c3

$CBA.AX update. Following on from my #ASX financials index post. This will give you an idea of what could be next for the main event in the financials index. 215-220 and 230-240. Current price 180. $CBA #ASX200 $XJO $XFJ

#ASX300 update. So far following the path, exactly. Unsure of the second move down. A grab of liquidity and firm reversal, which could signal a break of the last pivot high (i.e., potential new high to come). $XKO $XJO

$XFJ (#ASX financials) monthly chart update. Still looking for 10900s (currently 9900). $XJO #ASX200 $NAB $ANZ $WBC $CBA

$SPX update. Doesn't look like it will get to 5650-5950. We could have printed the intermediate w4 low of primary W5. If that is the case and the market goes on to make new highs, then the target areas of interest become 8040-8090 and 8960-9080. #US500 $SPY $ES

#GOLD update. 1:4 measured move looks to be the major wave 4 low (also 38.2% retrace of wave 3). Bullish price action in the miners and $GOLD now suggesting wave 5 could be commencing. Main target area of interest ~6600-7100. $XAUUSD $XAU $GLD $GDX

#ASX300 might move towards 8800-8870 (current price 8600) before continuing the correction towards ~8025 (first major target) and possibly to the second zone 7570-7810. $XKO

$IEM - MSCI Emerging Markets. A relief rally now before $77s (harmonic target and also 50% retrace of the entire move since the Apr '25 low), and possibly $70-72 (harmonic target and ~70-75% retrace of entire move since Apr '25 low). Current price $83.

#ASX200 update. A close below 8455 and any additional follow through below will add weight to 7800s and 7500s. $XJO

$SPX update. Further confirmation. Working nicely. 5650-5950 the next major area. See prior post and chart below for notes. $SPY $ES #US500

#GOLD update. No change. A big reversal from my 1:4 measured move target. However, I still see 2900s-3400s in scope. This #oil situation is going to force some further liquidations. See prior post for further notes. $XAUUSD $XAU $GLD $GDX

#Bitcoin update. No change. 40-43k in scope. Also a case to be made for 20-30k. Higher confidence 40-43k. $BTC $BTCUSD #BTC #crypto

$AUDUSD update. Unnerving move lower to come (64-65s), risk assets the same. Then a potential move to 76-78 $AUD $DXY

More confluence - measured move - $165. $CL #crudeoil #WTI #OOTT

$CL - #crudeoil market is setting up a monthly close that will position it for north of 160 as the next target. If this isn't alarming enough, this setup could also be the foundations for 250. One step at a time. $USO $WTI #oil #usoil #oott #energy #commodities

Looking at $XAUUSD against the $SPX - there is room for a correction here, but two consecutive monthly closes above the prior pivot high and a shape like this suggests to me #GOLD will outperform equities post this correction. $XAU $GOLD $GLD #US500 $SPY