Good evening folks, And God Bless you all tonight.

Presented without comment;

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

It seems like five waves down is still underway tonight.
The pattern is unclear if we have an extended wave (iii),
or if wave (iv) is done at todays highs.

The price reversed impulsively off the high today so both ideas are still valid.
A new low to break 1.2135 is called for by both counts.

Tomorrow;
watch for wave (iii) to break 1.2135 to complete a third wave extension.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable halted the rally without breaking the previous wave ‘iii’ high at 1.3704.
The high of todays session was off by a matter of pips though.
I would like to see that wave ‘iii’ high break tomorrow to complete the pattern though,
so I am allowing for a run up into the trend line at 1.3760.
Once that happens I will look lower again for a signal to form off that high.

Tomorrow;
Watch for wave ‘v’ of [v] to complete at 1.3760.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

There is a three wave drop in place this evening
which an interesting alternative as the wave [ii] low.

The price hit the previous fourth wave low also,
and then the price proceeded to rally off that initial support level.
So it is possible that wave [ii] is complete at the session low of 103.52.

If the rally continues overnight to break the recent high at 104.39,
then I will switch to the alternate count for wave [ii].

Otherwise I am still allowing for a larger wave [ii] to play out as shown.

Tomorrow;
Watch for wave (b) to top out and then price should return lower into wave (c) of [ii] by Friday.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

As this market rolls into another possible top for wave (v) of [v] this week.
I have been noting the overwhelming number of extreme examples of ‘All in’ mania behavior of late.

The penny stock mania that I have shown above.
1 trillion penny stocks were traded this December!

The Bitcoin mania,
bitcoin has TRIPPLED in price in the space of 2 months!

Estimated 10yr returns for the stock market are now the lowest on record at -2%,
even worse than the 1920’s bull market highs.

Then there is this; everyone and their cat is pushing stocks!
https://twitter.com/SarahPonczek/status/1349063871571623936

The list of warnings is now endless and I am sure you are reading the same things I am every day.
But here we are sitting within a whisper of another all time high!
Even though half the world is getting locked down again!
And debt and deficits are so massive they will crush most every economy eventually.
But eh, look at the stock market!

Tomorrow;
Wave ‘c’ of (v) is expected to continue higher again tomorrow with an eye to a new all time high again this week.
The alternate count for wave (iv) will be triggered if we break 31740 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is flat again today which is beginning to concern me regarding the main count.
I do want to see wave ‘iii’ of (i) push higher tomorrow to move towards a more impulsive pattern.
Right now,
I think if we see a break of the wave ‘ii’ low at 1836 again,
that will begin to favor the alternate count.
If that happens,
the rise off the low at 1817 will count better as a flat correction in wave [ii] alternate as shown.

Tomorrow;
Wave ‘iii’ of (i) must begin tomorrow and push above 1880 again.
The price must then hold above the wave ‘i’ high at 1855 as wave (i) completes.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude finally turned lower off that throw over top in wave (c) today.
The move is not substantial yet,
but I am waiting for that long overdue impulsive move lower to come and this is a good candidate give where the count is now.

Tomorrow;
I want the price to take out at least one previous interim low in the structure
before working on a bearish pattern off the high.

The first low lies at 51.46.
Lets see if the price can manage to break that level with this new decline.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Wave [v] marches on today with a switch to the alternate count this evening.
The price has only corrected sideways this week,
and with that in mind,
This correction takes the wave (iv) label within the ending diagonal.

The rise into todays highs is in three waves also,
so I have labeled this as wave ‘b’ of (iv).
Wave ‘c’ of (iv) should drop again to create a larger three wave corrective pattern before wave (v) takes over next week.

Tomorrow;
Watch for wave ‘b’ to complete and return lower into wave ‘c’ early in tomorrow session.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is flat also today and the pattern off the low is still a bit of a mess really.

The rise into the high of wave [iv] can be counted in three waves,
with an ending diagonal wave (c) at todays high.

And if the price falls again tomorrow,
that will signal wave [iv] is done and wave [v] is underway.

Tomorrow;
Once wave ‘1’ is complete I think the pattern up into wave ‘2’ will be clearer than what we have now.
But that large impulse wave at wave ‘2’ is a week away at least now.

Watch for wave [v] to begin with a drop into the low at 24.30.