Good evening to one and all, and may you all be mightily Blessed by the Messiah Yeshua tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Ok lets round off this week shall we.

I am viewing todays low as a completed wave (v) down.
The price is not making any headway to the downside now,
and this lack of momentum is suggesting that wave [iii] is now down.
If that is the case,
then we can expect next week to bring in a corrective rally in wave [iv] green.
the initial target level for that correction is at 1.1975.

Monday;
Watch for wave todays low at 1.1806 to hold.
Wave [iv] higher should trace out a three wave pattern towards 1.20 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has bounced off the overnight lows today also.
This action suggests that wave [i] down is now complete.
And wave [ii] up is now underway.

we should see a three wave correction in wave [ii] over the coming few sessions.
And then wave [iii] down should be a whopper!

Monday;
Watch for wave [ii] to retrace back into the area of the previous fourth wave at 1.40.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Well this evenings declines are really beginning to tilt the market in favor of the alternate count.
Even though the price has not declined all that much,
but the fact that we see another break of a previous high this evening is a hint that a third wave acceleration is failing here.
The price dropped below the wave ‘1’ high at 111.11,
and with that action the wave ‘3’ of ‘iii’ count is now in question.

Tomorrow;
Todays decline can still form another higher low above 110.41.
but if that level breaks I will have to switch to the alternate count for wave (1) and (2) on the 4hr chart.

Watch for 110.41 to hold and for wave ‘3’ of ‘iii’ to push higher again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am switching it up this evening after the very close call we saw today in the Dow.
The market is just a few points away from breaking the previous high at 34850.
this has not happened just yet,
but it seems inevitable now!

If it does happen,
then I think tonights count is still a viable option.

Obviously it is very close to a new all time high even at these levels,
but so long as the high at 35090 holds,
then we have a possible wave [ii] expanded flat in place.
And that leaves the door open for a decline into wave [iii]

Monday;
Watch for wave [ii] to hold below the all time high and then we should see an early decline next week to begin wave [iii] down.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has traced out a five wave move higher off the recent low at wave [iii].
This action suggests wave [iv] is now underway.
The form of the rally suggest wave [iv] will be a zigzag correction.
And once that completes next week,
we can then expect wave [v] of ‘C’ to take over and fall back into the 1650 area to complete.

Monday;
Watch for wave [iv] to dominate at least into Wednesday evening,
maybe even longer depending on the final pattern that develops.
The price must hold below 1855 to remain valid.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil is consolidating above 74.00 today and the pattern looks corrective so far.
Todays low is labelled wave (iv) of [v] of ‘3’.
And wave (v) of [v] should push out above the trend line again on Monday.
The top of wave [v] of ‘3’ may even hit the larger target high at 76.84 again.
That high is the minimum target high for an expanded flat correction in wave ‘b’ as shown on the daily chart.
But once wave ‘3’ is complete next week,
then we should see a correction form in wave ‘4’ of (5) of [C].
And then once last rally in wave ‘5’ of (5).
The end might come sooner than that if the 4hr chart is correct,
we will see soon enough on that front.

Monday;
Watch for wave (v) of [v] of ‘3’ to complete by Tuesday.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

We now have a throw-over in place after todays rally.
And the upper target line at 4376 is coming very close at hand.
This action does not invalidate the short term count at all really,
but it is really bringing to an end any further options in this particular wave count now.
So there is not much room for more upside after that target level is hit for wave ‘v’ of (v).

It is absolutely amazing to me that the market is rallying to new blow out all time highs,
when it is absolutely clear that both employment numbers are way lower than January 2020,
negative 7mil on last Feb.
And income in the general economy is being propped up by a scary amount of debt accumulation by the federal govt.

So there is no backbone to this rally,
and I suppose it stands to reason that reason is not heeded at the end of a crazed speculative boom.
Nothing new there!

Monday;
The market will now likely hit that Fibonacci target level at 4376.
I will look again at a reversal possibility once that happens.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Last nights spike lower did not begin wave (v) down after all.
But the price has instead trace out a five wave rally in wave ‘c’ of (iv) into todays highs.
The patter in wave (iv) should now be complete and wave (v) of [iii] down is expected to begin next week.

Monday;
watch for wave (iv) to top out now and reverse lower on Monday with a break of 25.90 again signaling the beginning of wave (v) down.