Good evening to you all and the may the Lord of Hosts Bless you all.

Here we go.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD seems to be stuck in wave ‘ii’ of (iii) today.
The price has risen in three waves into the session high.
this is likely the internal ‘b’ wave high within wave ‘ii’.
So we can expect a decline again to complete a three wave correction in wave ‘ii’.
And then wave ‘iii’ of (iii) of [v] should push higher again.

Tomorrow;
1.2208 should hold at wave (ii).
Wave ‘ii’ .should complete t 1.2240 and then head higher into wave ‘iii’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am watching that alternate count for wave (v) this evening with renewed interest.
The price rose in three waves today to a small lower high,
this can be interpreted as a the beginning of a larger turn lower.
If the price continues lower tomorrow and breaks 1.3429,
that will favor the alternate count.

Tomorrow;
A break of 1.3703 will signal wave ‘iii’ is underway and rule out that alternate count.

Watch that alternate count though,
it is rising in probability now.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY found more room to fall as usual today!

The price is tracing out a three wave decline in wave [v] of and ending diagonal wave ‘C’.
we are building up a picture of supporting trend lines at a number of degrees also.
you can see the price is hitting the lower trend line of the large ending diagonal wave ‘C’.
And the two lower trend channels for wave [v] and wave (c),
are pointing to a drop into 102.10 or so to fill out both waves.

Tomorrow;
Watch for wave ‘c’ of (c) to hit the lower line in the area of 102.
I am still looking for a reversal higher to begin this week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The price retraced higher today as expected.
this pattern shows a three wave rally so far.
And I have labelled this as wave [ii] green.

The rally seems to have halted this evening also,
so wave [ii] may be complete as I write.
A drop back below 30000 again will favor the idea that wave [ii] is complete
and wave [iii] has begun.

A drop below 29870 again at the wave [i] low will signal wave [iii] is underway.

Tomorrow;
Watch for wave [ii] to hold at todays high.
Wave [iii] down should begin to build another lower high in wave (i) and (ii) before accelerating lower again in wave (iii) of [iii] later in the week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The rally in gold has halted today and there is a reasonable chance that we have topped out in wave (v) at the highs.
The pattern in wave (v) seems close to done now,
especially if wave ‘iv’ was a running flat.
In that case wave ‘v’ is complete at the highs.

It would be perfect if wave (v) is now complete,
because wave (v) is still the shortest wave in the pattern,
and I do not want the rally in wave (v) to reach above the size of wave (iii).

Tomorrow;
Watch for wave (v) to top out very soon,

If we see a drop below 1900 again that will be a clear signal that wave [i] is down and wave [ii] has begun.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has defied me again today with a rally back to a new high.

I can count the current wave [v] as a three wave pattern again
even with todays rally.

Wave (b) traced out an expanded flat correction,
and wave (c) up is a nice five waves so far.
The price has hit the upper trend line again,
and we should see this pattern turn lower again pretty soon.

Tomorrow;
Watch for a reversal to happen soon to begin the next leg down.
A break of 46.00 is the key from here.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P traced out a three wave pattern higher today,
and at the moment the price is sitting at a lower high.

I have labelled this rally as wave (ii),
and the price has come off the boil this evening which indicates the possibility that wave ‘c’ of (ii) is already complete.

The real test now comes in wave (iii).
If the price can drop again towards the wave (i) low at 3660 and wave ‘ii’ can trace out another corrective lower high,
then we will be lining up nicely for a drop into wave ‘iii’ of (iii) over the coming week.

Tomorrow;
Watch for wave (iii) down to take over and drop again into wave ‘i’ of (iii) by tomorrow evening.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Things are getting a little hairy here in silver.
The price action is beginning to look pretty tired today.
And the pattern is getting complicated again.

I can’t say that wave [v] of ‘C’ is done just yet,
but the fact that the price action is creating so many overlaps right now,
does indicate the current pattern is wrapping up now.

It may be time to look lower sooner than expected into wave ‘1’.
but we will need confirmation on this before jumping to conclusions.
A clear break of 26.00 again will be the first sign that wave ‘C’ is done.

Tomorrow;
Watch for wave [v] of ‘C’ to hold above 26.20 to stick with the current pattern.