[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Good evening everyone,
I hope life was kind to you today!
[/vc_column_text][/vc_column][/vc_row]
[_s2If current_user_can(access_s2member_ccap_eurusd)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
EURUSD
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
It is very hard to make out the internal wave structure of wave ‘c’ of ‘ii’.
the price did bounce today towards the 62% retracement level,
but we are still a little short.
A turn down after a break of 1.1416 would be a good sign that wave ‘ii’ is done.
So;
Tomorrow;
Watch for wave ‘c’ of ‘ii’ to complete and then we should see the initial turn lower into wave ‘iii’.
1.1514 must hold.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_gbpusd)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
GBPUSD
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Wave ‘2’ has finally come to the end of its innings!
The price is now back at the 1.3297 level,
This is the high of the previous wave [iv] of one lesser degree which occurred on the 16 of August last.
Thats a whole lot of time to go absolutely nowhere!
The price has now completed three waves higher in wave [c] of ‘2’.
We could still run a little higher above that 1.3300 level to complete wave [c],
so we should watch for that possibility.
Tomorrow;
At this point I am looking for an end of this [c] wave to appear.
Lets see if we get a reaction lower off resistance to call an end to the rally.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_usdjpy)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
USDJPY
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Price has fallen in three waves off the wave (i) high today.
This suggests that wave (ii) will be a flat correction,
with a 3,3,5 internal wave structure.
Wave ‘b’ should correct higher tomorrow before wave ‘c’ completes the structure.
There is a nice shoulder of support around the 109.70 area.
This is also bang in the middle of that 50-62% retracement area.
So we should look for wave (ii) to complete in that range.
Tomorrow;
Watch for wave ‘b’ of (ii) to carry sideways before wave ‘c’ begins.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_dow_jones)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
DOW JONES INDUSTRIALS
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Another day, another drop, another retracement.
Another chance to begin the next leg down?
We will see on that one!
We are now back in the upper price range of the previous wave [b] of ‘A’.
This is an obvious candidate for the wave ‘B’ rally to find some serious resistance.
And so I remain on the lookout for an impulsive decline in wave ‘C’ to begin.
Like I said yesterday,
If this rally continues to a new all time high above 26920,
that will trigger the alternate count shown circled in red.
And then I will consider that the end of the road in wave (5) of [5].
The power of this advance off the December low could easily be
a rally of reckless abandon in a final fifth wave!
Tomorrow;
The range continues to contract in a worrying fashion.
So the rally is loosing steam fast.
A break of the wave ‘iv’ low at 25756 will signal a turn is beginning.
As always we need a full five wave decline to call a top in place.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_gold)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
GOLD
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The price is still correcting sideways in wave ‘b’ of ‘ii’ today.
Wave ‘b’ is tracing out a flat itself.
So the smaller trend channel shown should be filled to complete three waves.
Wave ‘c’ down will then push lower to about 1310 to complete.
The minimum target for wave ‘c’ lies at 1320,
where wave ‘c’ will break the low of wave ‘a’.
Tomorrow;
Watch for wave ‘b’ to complete a three wave correction sideways within that trend channel.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_crude)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
U.S CRUDE OIL
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Crude is correcting higher today in a very choppy fashion.
I have labelled this wave (iv) of [i].
Where wave [i] and [ii] should be the beginning of the next leg down in wave (3) as shown on the 4hr chart.
And wave (3) has the potential to be a massive decline.
Wave (3) will reach equality with wave (1) at about 25.00!
And that would be the minimum target!
So,
If this wave count is correct,
then its time to get ready for a big one.
Tomorrow;
We will need a clear impulse wave lower to occur over the next week or so
to signal that the trend is turning again.
So watch for wave (iv) to complete and wave (v) to drop towards 53.50 to compelte wave [i] down.
the recent high at wave (2) must hold.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_us10yr)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
US 10 yr Treasuries.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Price is on the verge of breaking 122.35 and confirming wave ‘iii’ up this evening.
Wave ‘iii’ will reach 162% of wave ‘i’ at 122.82.
And the larger wave (v) will reach equality with wave (i) at 123.40.
So there is a little upside left in this market yet.
121.64 must hold for this wave count to remain valid.
Tomorrow;
Watch for wave ‘iii’ to continue higher towards 122.82.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_silver)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
SILVER
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Silver is stuck in wave ‘b’ of ‘ii’ today also.
the sideways action is indicative of a flat.
so we can expect a run up to 16.00 again to fill out the channel in wave ‘b’.
Wave ‘c’ down should then carry to about 15.60 to complete.
And wave ‘c’ must hold above 15.48 again in order for this count to remain valid.
Tomorrow;
wave ‘b’ should be done by tomorrow evening.
The minimum target for wave ‘c’ lies at 15.77 at the wave ‘a’ low.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_sp500)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
S&P 500.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The S&P has created a five wave decline off the recent highs today.
But I have learned to remain calm
and not jump to conclusions after this rally!
We have two immediate support levels at wave ‘iv’ and wave ‘i’ that need to be broken first,
before wave (i) down can be taken seriously.
Wave ‘iv’ lies at 2764,
and wave ‘i’ at 2738.
If these levels break,
and then market traces out a clear five wave decline,
then we will be on the road to a trend change again.
A break of 2629 will be a huge vote in favor of wave ‘C’ down.
Tomorrow;
Lets see if resistance holds and the decline continues towards initial support.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[vc_row][vc_column][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row]