[00:00] So this is the Shanghai and this is really the best chart that we are going to look at and really the most interesting one in my view here.
[00:14] We have a dominant weekly cycle which is then broken up into these minor half cycles as well. You can see we formed our bottom right here which was inside of our forecasted timing. show the forecasted timing with these blue lines here and the forecasted low was due May 6th to
[00:33] July 19th and you can see also this really nice upturn in our weekly momentum here as well so all this is lining up with the likelihood that we are in this new rising phase here. On the upside we
[00:46] are looking for at first to move through this prior cycle high here at 37.31 and then if it gets through that level, we would be looking for a move to this intermediate term 100 at 38.58. So
[00:59] a very positive picture here in the Shanghai. If we go ahead and shift over to the daily chart, which is on the right, you'll see that we have modified these daily cycles. Anytime we make any
[01:12] major updates to these cycles, we will change the color of those cycles from black to blue. And what we see here is that we have this dominant daily cycle, which has been broken up into these minor halves.
[01:25] And what I want to do is just zoom out slightly on this chart so you can see the clarity of these cycles. What I want to do is actually just maximize this window here. So let just do that So what you see here is the bottom that formed right here right that formed that key short low then we got into the rising phase and you can see the rally then we had a
[01:45] pullback right here into this minor cycle low the minor rally and then the quick breakdown to form that next key low after that we formed our next short-term low here got into the rally had this
[01:59] pullback right here to form the minor cycle low, had the rally off of that minor cycle low, and then the pullback to form the key, both daily low as well as intermediate term bottom. After that,
[02:13] we are really where we are now, which is rising, and you can see the beautiful rally that we've had. Note there is a minor cycle low here due. So what we look for is, if I move this over just a
[02:25] bit. We would look for a little bit of a pullback here into this rising slim ribbon and then a rally off of this minor cycle low and then one more dip here to form that next key short-term
[02:41] low and then a likely larger impulse back on the upside. The next key short-term low is due June 18th to June 29th. So that's the overall picture here in the Shanghai. It is a very
[02:55] positive picture and these daily cycles are now super clear, which I am very happy to see because it'll make it much easier to read this short-term timing.