 Hello, this is Tom Pazitti with Trading in the Mark and for this week, excuse me, they could probably make sense to look at the Dow. I want to look at the Dow because I think it has the clearest pattern of the US indices at this point in time, so let's dive in. On the weekly chart, what we see here, bring out the laser pointer that the pattern that I have right here is used to be the alternate and I promoted it to primary, you know, really this last week, but you could make the case that it should have been done a little bit earlier, but the pattern that I am working with here is one of a 335 for a bracket B wave and this fits real well. I mean in that the I had a very high likelihood that the high back in late July was a corrective wave of some type, whether it was a major corrective wave and that is the lower high to this high, that will start a impulse and a cascade eventually down to probably test and exceed this low back here or if it was just as it turned out that this was only a five wave move to complete a B wave that completes this corrective move that we've probably been in pretty much for a year, the sideways, really kind of sideways move here and that is the last part of that form so that we have an impulse of a big glue wave sideways and then move up out of that for the C of bracket B. In any case, that's what's turned out to happen. These targets here are based off of measuring from this low up to this high and then up off of either this low of the whole correction or the low of the end of the correction. We'll kind of get these numbers up here. We're already into the top part, excuse me, we're into the initial part of those targets right now so whether we go and push up to new overhead targets that might even make a new high over the old, make a new all-time high, it could happen. Not my primary idea right now. Think that it's more likely that we end up with a lower high to this high but as I noted here, B waves can't make new price extremes and that wouldn't invalidate the pattern so this pattern, if the Dow were to take a launch up after the FOMC meeting on some kind of maybe ultra dovish news or something, I don't know. It would be fine. Again, not my ideal scenario but if it happens, that's fine. We could live with it. It wouldn't change my forecast for a sharp decline, pretty much a tough year in 2024 and that might lead into 2025 and that's too early to tell but certainly 2024 looks to me to be kind of a tough go and probably be a some type part of that. It might start off slow but in some part of the year that we would get some kind of sharp acceleration to the downside. So that's getting out ahead. Let's talk about the daily chart. So looking at the daily chart, we had this five wave decline into the October low. We expect some kind of move up off of that. Again, initially was looking, expecting a corrective move up for a lower high but as we started getting this strong gapping behavior, the market gapping up and being very persistent, it definitely wasn't acting like a correction. It was acting more like an impulse wave. So that would mean that we need five waves up off of this low. The problem is that this has been pretty tough to count. I definitely will take a swing at it on the next chart but just for warning that I'm not rock solid where we are, certain where we are in the five wave sequence at this point in time. Don't know if we're making maybe a new high will complete the whole move up or if a new high is only sort of a third wave, that there would be a nine and another choppy corrective move and then another high past that. This momentum, this is the adaptive CCI and this kind of curve is more typical of a third wave instead of a fifth wave. But there are exceptions and I don't typically like to use a lean on an indicator for the pattern. But just to say that this type of where we get a new momentum high on a high, that's usually a wave three, but we'll see what happens. As to cycles, yes, we're kind of a couple days past this already right now, but overshooting it by a couple days is valid. I don't really see that as too big of a problem. So we could have a cycle inflection here that is meaningful. And then obviously next week, in this case, it's the day after the FOMC meeting, but we all know that right around the FOMC meeting either the day of or the day after is going to be important period. So you know, we're kind of a you could even argue and I do on the last slide that we just may be in a holding pattern until next week. But moving on, so I said that I would take a swing and counting this and I have in that back in the early part, maybe kind of a one, two, a three, a four, this certainly is the only thing that looks like a substantive correction in the move so far. So maybe one, two, three, four, and then an extended fifth. And that might have that that we have an extended fifth could explain why the momentum curve looks the way that it does on the daily chart. So again, not certain, you know, we could be topping out in here in the next either few days or in the next week. But I guess I have to say that there's a mild bullish bias while above 35980 to test either 363.75 or 365.20 in the doubt. And then short term inflections fall kind of the middle of the day on Thursday. So kind of a that's the that would be a rise up into the NFP kind of trade certainly be keep can be taking place and you know, not a bad hypothesis for, you know, kind of a bias up for the next couple days. And then the other one is up into just before the NFP excuse me, up into just before the FOMC, as we see that late PM high on the 12th. That's the day before the FOMC. So that's kind of it. I like I said, this is I think the the clearest pattern. But I did promise to look at the S&Ps. And so this is the same timeframe on the S&Ps. And here we have this sideways move that's really taken over a week at this point. Yes, there's been, you know, kind of a pokes to pokes to into target levels and it falls back and kind of pokes up into it again. And, you know, falls back, you know, we had a new high, not a new high. A high the so far is underneath the July high, which is at 4607. That high is still holding for now. So at this point in time, we have a lower high just by a bit. And this week, we've had the market kind of pull away from that. And again, just chop sideways. And that choppy behavior, we may just see more of that for the next, you know, several days into next week, in that no one really wants to make any kind of move ahead of the FOMC. I'm sure that somebody will probably try to that there will be some volatility on the NFP. But you know, be be be be forewarned that it's probably going to be difficult to knock it very far out of the range until next week. So I'm really kind of thinking that it's probably best to expect kind of a mild bullish bias, but don't get to hung up on it. And, you know, kind of let things settle in the next into next week. And then after next week, there probably be a, you know, a good bit of flurry up or down for a week or so before everybody starts to think about going on Christmas vacation. So that will be it for this week. Hope you've all having a great week. And until next time, that'll be it for now.