Good evening folks, And God Bless you all tonight.

A few charts from across the web to chew on.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We have three waves up now in place off the wave [i] low at 1.2054.
Wave (c) broke above the wave (a) high at 1.2159 today and touched the upper trend line of the trend channel.
The pattern in wave (c) is not a clear five waves as expected,
so there may be one more pop to close out wave (c) of [ii] tomorrow.

The pattern suggests that we are close to a reversal point now as wave [ii] completes.
Wave [iii] down should cause an acceleration lower into the 1.1500 area over the coming weeks.

Tomorrow;
Watch for wave [ii] to complete by tomorrow evening.
Wave [iii] down will begin with a break of 1.2054.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The pattern in wave ‘v’ now looks a bit better today after another rise back above 1.3716.
This creates a more proportional three wave pattern off the wave ‘iv’ low.
So that illusive top in wave (v) is pretty close now.

Tomorrow;
The price has not made any significant move off the high yet.
But I suspect wave (i) down will begin in the next few days.
A drop below 1.3518 will signal wave (i) is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY came close to hitting the 62% retracement level of wave [i] today.
This decline is best viewed as a three wave pattern so far,
And we have a small bounce off the low of wave (c) this evening.
The technical’s are pointing to a reversal higher in the next few days.
But I need to see an impulsive rise followed by a higher low again to signal that wave [iii] up is beginning.

Tomorrow;
Watch for a rally back above 104.10 to signal wave (i) of [iii] has begun.
I want to see wave (c) hold above todays lows and begin a run higher in wave (i) of [iii].

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow is close to completing five waves up in wave ‘c’ of (v) today.
the price corrected off yesterday’s top and held above the wave ‘a’ high.
The pattern within wave ‘c’ looks like it needs another rise to trace out five waves internally.
which suggests we have one more top ahead tomorrow.

When wave ‘c’ completes the price should drop back again,
and the pattern of that decline will clear up whether this top is the final top,
or if this is only wave ‘a’ of (v) as per the short term alternate count shown circled in red.

Tomorrow;
Watch for wave ‘c’ of (v) to complete five waves up and a new all time high tomorrow.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The pattern in wave [ii] is close to done now as we have three waves up in place.
Wave (c) of [ii] is showing a corrective looking decline today,
so there may be another push into the 50% retracement level to complete wave (c) properly tomorrow.

All in all the pattern is right on course now to complete a bearish impulse wave lower.
5 down, and 3 up to setup for another decline phase into wave [iii] down.
We will see soon enough.

Tomorrow;
Watch for wave [ii] to complete and reverse lower into a more impulsive decline.
A drop below 1830 again will signal wave (i) of [iii] is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

We are still holding within the corrective range today after a very light and choppy trade.
The pattern is still allowing for a new high above the wave ‘iii’ top to complete wave ‘v’.
So I will just have to wait for that to happen before looking for a more substantial decline.

Tomorrow;
Watch for wave ‘v’ of (c) to break 54.00 again and complete five waves up.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Wave ‘c’ of (v) corrected today also after Wednesdays all time high.
The price is holding just below the all time high this evening,
and the market seems to be preparing for a new top tomorrow.
One more rise in wave ‘c’ will complete a clear five wave pattern within the wave.
And that will likely bring us up into the upper trend line also to close out wave (v).

Tomorrow;
watch for a top in wave ‘c’ of (v) of [v] of ‘5’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is sitting at the 50% retracement level tonight in wave [c] of ‘2’.
The pattern calls for a sharp drop below below 25.00 again to begin wave [i] of ‘3’.
If we do see that in the coming days,
then we are looking at a substantial decline dead ahead in wave ‘3’ over the next few weeks.
And wave ‘3’ of (C) should fall back below the 22 handle again before correcting into wave ‘4’.

Tomorrow;
First things first, wave ‘2’ must top out.
Watch for wave [c] to find a top soon below the 62% retracement level at 26.42.