Thread by @HenrikZeberg

Hey all! Attention if you are up for an update on my perspective on markets. Deflation and massive moves ahead! Stay tuned #HZupdates

Let's start with #CRB, which created a nice shooting star on weekly chart, and leaving gap open below. Wave "e" often overshoots trend-line only to turn hard the opposite direction. The likely coming decline in #CRB is deflationary #HZupdates

This week we had an #Oil crisis according to some analysts. It played out on Monday😄Like #CRB, #Oil is consolidating in a sideway-consolidation (wave B) before a strong move lower. Target in Ending Diagonal remains <20USD. This will be secular bottom. First #deflation #HZupdates

#Copper has broken trend-line and back-tested it. LT-target remains below 2008-level, which is bad news for real economy. #Deflationary pressures in first part of the crisis, which following secular bottom in #commodities by ~Q1/Q2 2020 will develop into #stagflation #HZupdates

I think we have entered bad period for all assets, where only cash (#USD) is King. #US10yr yields seem to bounce of floor in sideway consolidation --> bounce to "e" likely before Fed steps in for real! #Deflation #HZupdates

This outlook for yields at a time, where #Volatility on #equities looks like it could explode higher within days. Bottom seems to be in on this Ending Diagonal. This is very bullish pattern for. Observe divergence with RSI suggesting trend change #Vol #HZupdates

And simultaneously, look at what we have on #SP500. We have a pot. wave ii and a weekly Bearish (turning) candle. We also observe negative divergence since early 2018. This is serious! I think chances are, that market begin a crash next week. #Deflation #HZupdates

#USD will become only safe heaven and will strengthen as #Deflation plays out. #DXY to reach min. ~107 pot. higher in coming phase. This will force #Fed in for real (Helicopter money?) which will push world into #Stagflation #HZupdates

As #USD soars, #EUR will suffer. We may see small bounce coming days, but long term outlook for #EURUSD is very bearish. LT-target <0.9 #HZupdates

As #USD and real yields soar - precious metals will get punished. Likely target for Gold in wave C is ~890 8=61.8% Fib retracement from 1999-2011 Bull Market)- pot. with spike to ~800 USD as bottom in Major Bull Flag (2011-2020) #HZupdates

Like #Gold, #Silver will get beaten down in coming phase. Correction since 2015 soon over - and main trend will likely bring #Silver down to a retest of 2008-lows #HZupdates

Borrowing this tweet from my friend, @joefriday_714. This is NOT the time to be LONG #PreciousMetals. It is a major Bull Trap! Take Care - Precious Metals decline will likely be swift #HZupdates

@joefriday_714 That is all for now. Please notice! Nothing has changed in my outlook regarding #Deflation. Fed will not be able to starve off deflation in short time frame. They will try but market will run its course. Have a great weekend! #HZupdates

@joefriday_714 A little dessert.... #Gold I may try a short somewhere in grey area (remember - I'm colorblind😀). I think this could be a very interesting trade..... ALL BEST! #HZupdates