Good evening folks, may the Lord of Hosts Bless you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The pattern in wave (E) seems to be developing according to plan so far today.
The price has now completed a three wave decline into todays lows.
The price found a bottom between the previous fourth wave and 62% retracement level,
and this is a prime area for a reversal to take place.
Now we have a spike higher off the lows to begin a possible wave ‘C’ up.
As long as wave ‘B’ holds at 1.1770,
then wave ‘C’ is in play.

Tomorrow;
Watch for wave ‘C’ to continue higher and trace out a five wave pattern this week.
Wave [i] of ‘C’ should break above the 1.1850 level to signal the turn has begun.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

this count is still a little iffy in my mind at the moment.
The price has moved lower today and that suggests wave (i) has begun.
I have labelled todays small decline as wave ‘i’ of (i).
If this is correct,
then we should see a drop in five waves to break 1.3725 again over the coming few days.

Tomorrow;
the high at wave [ii] must hold at 1.3888.
five waves down is the key from here to break that wave (b) low at 1.3725.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

We are in crunch time for this bullish wave count now.
If the price does not continue higher tomorrow in wave ‘i’ as shown,
then I will have to switch to that alternate count for wave [ii] which involves a larger flat correction pattern.

I have to admit,
todays action is a little disappointing in terms an impulsive rally in wave ‘i’.
The pattern off the low formed last week is corrective looking.
And so I am keeping the alternate count on the back burner just incase.

Tomorrow;
Watch for wave ‘i’to create a five weave pattern higher to break above 110.50 again.
A break of 109.62 will trigger the alternate count.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

At this moment in time I think the short term action is favoring the bearish count,
and so I switched to that count this evening.
The pattern off the high can be interpreted as a five wave pattern lower into wave (i).
And wave (ii) is now underway off that low.
I have shown a possible wave ‘a’ and ‘b’ to begin wave (ii).
and wave ‘c’ of (ii) should complete tomorrow above 35000 again.
The door will then be open for a sharp decline into wave (iii) down.
If this count is correct,
then the next leg down in wave (iii) should break the next lower support at 33740 again.

Tomorrow;
Watch for wave ‘c’ of (ii) to complete a three wave corrective lower high with a break of 35000.

If the decline picks up speed tomorrow,
that will signal wave (iii) is already underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has traced out a small ‘i’ ‘ii’ pattern lower off the wave (b) high at 1804 today.
If that level holds tomorrow at wave (b),
and if the price continues lower to break 1780 again.
That will signal wave ‘iii’ of (c) is underway.
Wave (c) is expected to fall towards the 1750 area again to complete three waves down in wave [ii].
And once that completes later this week,
the way will be clear for a reversal higher into wave [iii] of ‘3’.

Tomorrow;
Watch for wave (b) to hold at 1804.
WAve (c) down is expected to continue lower.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am looking at a larger pattern in wave ‘2’ today which might account for the action today a little better.
the idea is still an expended flat correction in wave ‘2’,
but the top of wave ‘1’ has changed.
So this count still calls for a drop in wave [c] of ‘2’ back below 67.00 again.
and then I will begin to lookin higher in wave ‘3’ again.

Tomorrow;
Watch for wave [c] to begin and fall in five waves back into the 67.00 handle again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Ok, if this count is correct here,
then we have completed the biggest most bizarre hyper-valued bubble in history,
and on top of that,
we are about to begin the biggest and most destructive bear market in history.
Hows that for a start!

I have labelled todays choppy action as the initial move lower into wave ‘iii’ of (i).
The overall pattern is a little messy due to those overlaps that happened on Friday and today,
but the pattern does work as a series of impulse waves lower,
if this is correct,
then we will see a continued decline this week in wave ‘iii’ which should trace out five waves down.

Tomorrow;
Watch for wave ‘iii’ down to continue lower in five waves and fall into the 4416 area where wave ‘iii’ reaches 162% of wave ‘i’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

If the main count is correct here,
then wave (ii) is now complete at todays lows after a three wave decline,
and wave (iii) is about to begin.
If wave (iii) begins this week,
then we can look forward to a rapid rally over the coming weeks and possibly even a challenge of that 30 handle again begore wave [iii] is complete!

Those are fighting words as they say!
But the problem is I am not at all confident in that bullish count.
the key level lies at 22.86 in my view,
and if we break that level,
that alternate count has every chance of dropping the price back into the 20 handle again with ease.

Tomorrow;
Watch for wave (iii) up to begin with an impulsive higher low above 23.40 in wave ‘i’ and ‘ii’.