Good evening all you fine people.

May the Blessings of the Lord of Hosts be with you all tonight.

And I mean that, believe me.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I’m afraid this may well be a ‘nothing to report’ day!

EURUSD did nothing today and is most likely still moving within wave ‘b’ of (v).
This ending diagonal seems never ending!
But we will see a break down out of this pattern soon enough.

I am still looking for wave (v) to pop one more time to about 1.2230 or so to complete three waves up.

Tomorrow;
Watch for wave ‘c’ of (v) to break 1.2176 at a minimum to bring this pattern to a close.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The price has traced out three waves up off the wave (a) low at todays highs.
So there is a chance that wave (b) is now done.
Price must hold below 1.3539 in wave (b).
And if we see a break of the low at 1.3280 at wave ‘b’ pink,
that will be a signal that wave (c) down is beginning.

Tomorrow;
Watch for wave ‘c’ of (b) to hold below 1.3539.
Wave (c) down should get underway tomorrow.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave (b) is moving along nicely today with one more rise left to complete three waves up and a lower high.
Wave ‘c’ of (b) should break the wave ‘a’ high at 104.15.
The way will then be left open for wave (c) to begin,
and fall again below 103.17 to complete three waves down in wave [v] of ‘C’.

Tomorrow;
Watch for wave ‘c’ of (b) to complete below 104.56.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The one we have been waiting for began today!

The market is moving higher in a possible wave ‘c’ of (v) today.
After creating that higher low early this morning in wave ‘b’.
The upper trend line of this diagonal projects a high of 30400 or so to complete three waves up in wave (v) of [v].
And then I will be looking for a sharp move lower off the high of wave [v] to signal a top is in for this market.

The first level of significance below us now lies at 29160 at wave [iv] green.
That is a way below os now,
but five waves down to break that level will be a very strong signal that the top is in.

Tomorrow;
Wave ‘c’ up should continue towards 30400.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Todays rally brought us to another lower high off the top of wave [i].
A am not convinced that the recent low at 1819 is wave [ii] complete.
The price action just looks too much like an expanded flat wave (b) right now.
And today rally is wave ‘c’ of (b) to complete the correction.

Tomorrow;
We are close to a significant low here,
but I am allowing for one more low in wave (c) to complete three waves down in wave [ii] in the area of 1800 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

It is interesting how many ending diagonals are forming these days.
This phenomenon suggests we are on the cusp of a significant trend change here.
If these patterns play out,
then we will see a surge in the USD,
a stock market crash,
collapsing oil,
and a rally in gold and silver on top of it.

It should be exciting to watch!

Tomorrow;
Wave ‘v’ of (v) pushed higher today and now has a clear three wave pattern in place.
The upper trend line suggests a run into about 48.50 to complete this pattern.
And then we can look lower again into wave [i] down.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The ending diagonal theme is little boring now I will grant you that!
But the pattern is what it is!
And I will continue to follow it until it breaks.
But it stands firm again today.

Wave ‘c’ of (v) is heading higher today again after another higher low completed this morning in wave ‘b’.

A clear three wave pattern is emerging in wave (v).
And the target price at 3722 is in sights now for wave ‘c’.
We are a mere 30 points away at as we hit the close this evening.
So a potential top is tantalizingly close now!

Tomorrow;
Wave ‘b’ should continue to hold tomorrow and wave ‘c’ should create a new all time high over the next few sessions.
A break below 3600 again will signal that the top has already occurred.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The pattern in silver is a little bit messy after todays rally.
I am still allowing for another low in wave [ii] to occur this week.
the simple reason being,
the action this week is too choppy to read as an impulsive move off the wave (a) low.

Tomorrow;
Wave (c) is calling now and I think that will drop into the 23.00 handle before the end of the week.