#XAUUSD Fed hike/QT create toxic deflationary environment. Liquidity is melting away like ice in Sahara. This creates strong downward force on commodities and PM. You may remember this EW-count for Gold I have kept since 2013. Crash will begin soon. But first rally! #HZupdates 
#SP500 There is little doubt in my mind, that a major Bear market has begun. The ABC-correction will be on entire mega-struture. EW tells us, that wave A likely retraces to bottom of wave 4 - before significant bounce. This part of the bear market is deflationary phase #HZupdates
#SP500 The final bottom of the major Bear is a few years down the road. Different targets are possible. Min. decline will be to 1500-area - but pot. lower. Wave A is deflationary phase. B bounce due to CB intervention. C caused be stagflation #HZupdates
