Good evening folks, and may Almighty GOD bless you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is now falling again today and I now think this is the beginning of wave (iii) of [iii] down.
If this count is correct,
then this move should prove to be much bigger over time.
for the moment I want to see the price push below 1.1950 to add weight to this bearish count,
and then further declines next week to confirm the larger wave ‘3’ blue is in force.

Tomorrow;
watch for wave (i) to hold at 1.2040.
Wave (iii) of [iii] must continue lower.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

cable broke the wave ‘a’ high today and completed a three wave correction higher in wave (ii) today.
This was followed by a sharp decline to begin wave (iii).
The low of the session is labelled wave ‘i’ of (iii) with further downside to come over the coming days.

Tomorrow;
Watch for wave (ii) to hold at 1.4016.
I want to see wave (iii) push into the 1.3560 area when complete.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJYP is surprising me to the upside this week!
It seems that wave [iii] of ‘3’ is now underway after another acceleration higher today.
This is the sort of move you would expect in a third of a third,
so that is how I have labelled it.

If we are now in wave (iii) of [iii] of ‘3’,
then we could easily see these gains continue for another few sessions before correcting into a larger wave [iv].

Tomorrow;
Watch for wave (i) to hold at 106.89.
Wave (iii) should create a clear five wave move within its structure tomorrow.

DOW JONES.

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DOW daily.

The bearish count got a vote in its favor today,
but we still have a large three wave decline in place off the high.
This is causing me a little concern when I look at the alternate count for wave (b).
So I will work with the bearish count,
with one eye firmly on the alternate scenario.

If these declines continue over the next few sessions and break the wave [iv] low at 29666,
then we can begin to take the main count very seriously,
because this may well be the real thing here folks!
more confirmation needed though.

Tomorrow;
A sharp rebound tomorrow to break 31300 at the wave (i) low will shift the pattern in favor of the alternate count.

Watch for wave (iii) of [iii] to fall below 30500.

GOLD

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GOLD daily.

Todays sharp drop has moved forward the timeline on wave [iii] it seems!
The price has broken below 1700 again and this action does favor the idea that wave (v) of [iii] is now underway.

If this count for wave [iii] is correct,
then we will see a five wave decline in wave (v) of [iii] continue below 1669.
That level forms a previous wave [iv] lower from early last year.

As it stands,
wave [iii] has reached equality with wave [i].
and the 162% extension of wave [i] lies at 1605 or so.
Lets see how this develops.

Tomorrow;
Watch for wave ‘iii’ of (v) drop into about 1670 to complete.
1723 must hold for this short term count to remain valid.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I was very surprised to see the sharp rally in crude today,
and I am going to have to swallow my pride here!
Let me think this one over again before I hang my hat on a new count for crude.
I will take a deeper look at it on the video tomorrow morning.

I beg you pardon and patience here!

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The decline in the S&P today does favor the main bearish count for sure.
But I am going to raise the flag of caution here also.
The price has not broken critical support at 3666 yet,
so there is still a chance that this is a low in wave (b) forming.
We will see soon enough I’m sure.

If the price continues lower tomorrow that will suggest a third wave is in force,
and if we continue to hold below the recent ranging pattern above 3800,
that also will favor the main count.

Tomorrow;
Wave ‘iii’ of (iii) can push lower tomorrow.
So the main focus will be on the lower support at 3666.
A break of that level will rule out the alternate count here.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver joined the march lower today and now seems to be moving within wave [iii] down.
The sharp move todays is labelled as wave (iii) of [iii],
and this wave should move back below the 24 handle again if this count is correct.

I want to see the larger wave ‘3’ red break the 23.00 really before looking for a corrective phase again.
So we may well be in for another long week down next week as this larger pattern unfolds.

Tomorrow;
Watch for 24.82 to hold at wave (i).
And wave (iii) should fall into 24.68 at least.
A break of 24.00 again will open up the door for the larger decline to in wave [2] to reach below 20.00 again over the coming months.