 Welcome back folks. Dow. Dow's up 31. That's next up 43. S&P's up eight and a half. Let's look at that oil contract. Yeah. We go to the election. Jumping over and man, you wait a moment. That is a shock. Look at that. So we're sitting at 57.75 almost. When we came into that number, we saw the initial spike. We saw a drawdown of more than the market was looking for. And man, it doesn't matter. Oil trading lower 57.37 right now in the price of that October crude oil. That's, that says a lot. It sure does, man. That says a lot. No two ways about that. We'll see whether that high volume low is going to get hit. Let's go over to our man, Mr. Teddy, Teddy Kegstad, as we do each and every Wednesday. And if you want to know the currency market upside down, folks, every trading day, you can check out Teddy at forex-trading-unlocked.com. That's forex-trading-unlocked.com. Teddy Kegstad, what's going on, brother? Oh, it's a beautiful day in Chicago. We actually have warm weather in September. It's a treat. Oh, that's good, man. Yeah. Well, we'll try and send you some of our warm weather. We've got plenty of warm weather, man. We're just looking at our weather, actually. And it says it's going to be a high of 85 degrees on Saturday. And we both said, I feel like that's going to be storms and clouds because in Florida, we don't get high as at 85. All right. In September, we don't. But I'm just glad you guys are in one piece. You guys survived the hurricane. Yeah, we're in the west coast. We're really lucky. All of Florida are really lucky, man, in general. So thankfully, for sure. They get dicey. And also, in September, we're keeping our fingers crossed, man, totally. So, what are we looking at? Well, we can talk. We want to start talking about the UK first, or do you want to go to Asia first? Let's talk about that, man. We never get enough of a break. No, it's interesting. Let's go. What have we got going on? Okay. Well, in the past couple of days, now, we know that Boris did the proroguing and what have you. And I've done some research and there's a lot of rumblings about them trying to actually oust Boris Johnson. I don't know how they can do this. I'm not familiar with how parliament does and doesn't work. And English politics work. But over the past couple of days, there's an initiative to find out how quickly they can have Boris Johnson removed as the prime minister. Yeah. If that was to occur, then we know that, well, obviously, there's not going to be a Brexit deal come October 31st. That would be the extensionist would get that. And also, the people who are trying to maintain keeping the UK as part of the EU and breaking the Brexit deal. So that's a big issue that's on the table. Right now, obviously, he's suspended parliament and he's going full throttle towards a no-deal Brexit. We've had a lot of issues over the past two days with US companies trying to figure out where do they fall and if a Brexit does happen or if it doesn't happen. And like we've talked about before, like we pretty much all agree, just like the businesses do, that whichever way they go, why does business and trade have to be disrupted in the short run? Why can't they just continue as business as usual and hash it out over time instead of trying to do what they're doing right now? So that's a big deal. So I think that you can notice that in the British pound, and it's going to start to surface over the next couple days, where right now it's going to be sideways and then how we head out of that news, I think, will set the new trend for the pound. It's pretty remarkable that we might get another delay. That's almost the one thing that I was going to bet on as we came into this, right? That this was going to be the hard one, that no delay took place. And it's looking a lot more like that might be a possibility, which I should have known. You know, like, come on. What was I born yesterday? Not paying attention? Another delay, of course. Well, and the big deal is that the problem, it's not doing their job. That's the other side of it. We know politics is politics, but that's the real bottom line. It's got to be a frustrating experience as a voter over there. So, Teddy, you know, this pound, I can see that it's not in the range yet, meaning where it broke down from. Right. And I guess so this is kind of a dicey place where it is, right? I mean, it can kind of get there, but guess what? If it doesn't get in that range, that that lowest game again, probably, right? Right. See, here's the way I look at it. Over the past, remember a couple of weeks ago, we had this little turning point where the currencies that were against the dollar had been trending and also the divergent currencies. All of a sudden we had reversals that came in a couple of weeks ago. Yes. So we've had a pound that's rallied against the dollar for a few weeks, and we thought that Boris was actually setting the motion towards really having a Brexit October 31st. Yes. Now, if you look at the pound versus the yen. Okay. The pound has been strong against all the currencies over the past few weeks, especially the euro. Okay. Now we're coming into this little question mark of whether they can remove Boris or not or put a stop to him. And I think that that's going to set the pound versus the dollar for a short-term break, you know, as far as in momentum, not necessarily a break, meaning a slide. This, as far as directionally, I think it's going to be sideways. What you need to look at is the pound versus the yen. Okay. That looks like it's starting to run out of the gas, like it was a correction. Yeah. Now, here's the thing is the pound has been strong against the yen, the Aussie has been strong against the yen, the dollar has been strong against the yen, and then so is also the Swiss. So now when you look at this, they're all starting to run out of gas. Now the yen had been in a strong trend against the dollar for months, just like the Swiss. It was the one divergent currency. Yes. And a couple weeks, it hasn't been. Now, it's starting to look like the yen bears may run out of gas. So that means if the yen bulls come back, the pound's going to slide against the yen. Right. The other currencies slide against the yen, which also means the dollar's strength is not what's going on in the market. It's other major currencies that, it's their strength and weakness that's dictating things. And if that's the case, the pound's going nowhere. It's not going to be on a big break and it's definitely not going to rally. So we're looking at a big sideways nature there. And I think same with the EU. So if you have any currency traders that are out there to trade against the dollar with major crosses, I think you're looking at a big sideways reaction that's going to happen for the next couple weeks. And you really have to look at more of the exotic crosses. Like if you're a U.S. dollar yen trader, if you want to know direction, look at how it's going against the pound. Look at how it's doing against the Aussie. Look at how it's doing against the Swiss. If you see weakness there in dollar and yen strength, then that's probably where you'll see it with the U.S. dollar yen cross. And I think the same is going to happen with the pound as well, because the pound has been trending stronger against all these currencies for two, three weeks. Now is probably a time where if it's a correction, then the corrections are coming to an end. And if it's actually going to be the beginning of a true trend, we're looking at a time for a pause anyhow. So I think that's what we're looking at for the next week or two. I love this education. Oh, I know. We just had the chart of that pound yen and it is, man. Because Teddy, what happens is that I follow the yen real closely, but I follow it. Not the only reason, but when the yen is strong, gold is strong like beyond belief, man. Do you know what I mean? Right. The yen moves and so like when Tommy had just brought up, when he was speaking, we brought up those crosses. And I can see what you're saying, but they are running out of gas, man. Do you know what I mean? Right. Well, they look they are. You know what I mean? Right. So now that would support your goal rally. Yes. So if this does turn the yen, we're looking at another extent to move higher for gold. Right. Exactly. No. And that's what I'm looking for. Because what gold has done is pulled back into a breakout area with dramatically lighter volume. I mean dramatically lighter volume. So it's like, okay. And then. It was at the BOJ that did not do anything. Remember when the BOJ met a few days ago and last week, there was all these rumblings that all of a sudden Japan's going to start becoming hawkish and what have you and whatever. That's not happening. Right. It's not happening. Right. You know, and I think that this is going to be it's going to manifest itself for as far as worst flight to quality in the short run with the trade deals. I mean, I think that this little inflection point has occurred because it's a stuff that the talks with China have been kind of positive, even though nothing's really resolved over the past couple of weeks. Yes. I think we're going to block it. Yeah. Let's all know it's not happening. Right. Totally. Listen, folks. You can check out Teddy every trading day at trade at 4x-trading-unlock.com. Teddy, you have a great week. Safe week. Safe week. We look forward to speaking next Wednesday. Thanks, guys. And tell your people to look at me tonight at 10 o'clock Chicago time. I'm on our web homepage. We're going to be streaming to you. Absolutely. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch. Lunch.