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Some analysts seem to think, that #USDJPY must decline when/if #SP500 is to decline or crash. That is not the case! Observe yellow markings #HZupdates 
#USDJPY and #Gold have strong inverse relationship. Both have formed triangles since 2015. Now - main direction will continue. USDJPY towards ~154 - and Gold towards ~800 USD #HZupdates
#Gold did bottom in 2015 - but only for a bounce! A "ZigZag-pattern" is defined by A-B-C waves. A from 2011-15 = 5 waves. B from 2015-19 = Triangle (abcde). Now 5 waves down in wave C. Decline may be very strong! #HZupdates
The epi-center of the coming crisis will be #EU. #Bunds looks very bullish here after consolidation since 2016. Much higher levels to come, as crisis unfolds (soon!) #HZupdates
The #EU crisis will be asymmetrical. Observe, how #Italian 10 yr Government #Bonds show clear topping pattern - and the declining momentum. And Italian Debt crisis is brewing - which inevitably will become EU Debt Crisis #HZupdates
However, the #crisis will not be in Italy alone. #Deutschebank looks terrible. Some of you may remember my call for much lower levels as we broke down at wave 4. Another Ending Diagonal Bottom of wave 5 will take #DB very(!) close to 0 (zero)! Who will step in? #HZupdates
#EU #Crisis will hit #DAX hard. The LT-picture looks very bearish. Momentum has been declining - divergence! Much lower levels to come #HZupdates
Where #DAX goes, it American cousin #SP500 will follow. I think we are close to a top in SP500. Observe Ending Diagonal and RSI divergence. Could still rally to ~3040ish before turning down in a strong manner. But - the Bulls should be careful! #HZupdates
#Fed will eventually step in for real (Helicopter-money??) however, this is likely to be point, where #Monetary Policy will have run it's course and it will only create small B-bounce before STAGFLATION takes over and sending #SP500 lower towards 1500 or pot. 1000 #HZupdates
That is all for this week's #HZupdates. Stay safe! #Cash (#USD) is King for now! #Gold will play its key role as provider of liquidity when liquidity is scarce in this coming #deflationary bust
