Good evening folks, I pray the Blessings of the Lord of Hosts over you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We have the formation of a [i] [ii] pattern now taking place off the low at wave ‘B’.
I am looking for a three wave decline into wave [ii] to complete above 1.1770.
Once that happens,
then I will look for wave [iii] up to begin with a rally above 1.1850 to begin.

Tomorrow;
Watch for wave 1.1770 must hold.
Wave [iii] up should continue 1.1908 at the wave ‘A’ high at a minimum.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Well Cable reversed higher and made a new high above 1.3888 today.
This rules out last nights count,
but the price hit the upper trend line again and spiked lower today.
So at the moment we are still on for an impulsive decline into wave (i) of [iii].

Tomorrow;
1.3984 is the cut off for this wave count as wave [ii] cannot break the beginning of wave [i].

Watch for 1.3911 to hold.
Wave (i) of [iii] down should break 1.3725 to signal the turn into wave [iii].

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The action today has invalidated the previous count,
and now I have reverted to the larger count for wave [ii] green.

This involves a five wave decline in wave (c) of [ii].
Wave (c) should break 109.11 at the wave (a) low,
but wave (c) must hold above 108.71.
A break of that level will rule out this bullish count.

Tomorrow;
watch for wave (c) to break 109.11 after a five wave decline.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

We have a sharp spike lower off todays high which should begin wave (iii) down.
If we see an impulsive ‘i’ ‘ii’ pattern trace out as shown in the hourly chart,
that opens up a real possibility of a wave ‘iii’ of (iii) drop over the coming days.
Wave (iii) blue has the potential to break below 33740 again,
and that level marks the previous wave (ii) of [v].
That level is a significant support for the market.
And if that level breaks,
we could easily see another drop into the wave [iv] critical support at 33000.

This is all just speculation at the moment,
and I am getting ahead of myself for sure,
but,
Each little step in the right direction brings us closer to the larger goal,
that is a large five wave decline to break 33000 in wave [i] down.

Tomorrow;
Watch for wave (iii) down to continue in five waves as shown.
Wave ‘ii’ must hold below the 35000 level at wave (ii) blue.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

We got a larger corrective form building in wave gold today also.
Todays rally has broken above Mondays corrective high,
and now it seems we have a larger three wave expanded flat correction tracing out.
The high today has hit the 50% retracement level of wave (a) down,
and I am looking for that level to offer resistance to the rally.
If we see a spike lower form off this high,
that will indicate wave (c) down has begun.

Tomorrow;
Watch for wave (b) to complete and wave ‘i’ of (c) to fall back below 1780 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

There is a move off the top of wave [b] today,
but it is not developed far enough yet to be sure that wave [c] has begun.
Wave [c] should fall in five waves back into the 67.00 area again to complete this pattern in wave ‘2’.
But if we see a corrective lower high build in below 70.00 tomorrow,
then I will be a little more confident in this count.

Tomorrow;
Watch for wave (i) and (ii) of [c] to hold below 70.00 before falling again into wave (iii).

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Well we have another lurch to the downside today which is interesting!
and we are getting to a point where the possibility of a third wave down is growing here.
Wave ‘iii’ down must form a clear five wave pattern lower and I want to see a break of 4416 at least before wave ‘iii’ is complete.
That level marks where wave ‘iii’ reaches 162% of wave ‘i’.

the high of wave ‘2’ is debatable here,
I have shown a running flat correction complete at 4488.
So that level must hold as wave ‘iii’ down develops.

Tomorrow;
Watch for a clear five wave pattern in wave ‘iii’ pink to complete with a break of 4416 at a minimum.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Today was another day where the pattern leans ever so slightly in favor of the alternate count.
the rise off the wave (ii) low is in three waves so far,
and the price is moving in a channel.
At this point if we see a break of 23.37 again that will trigger the alternate count for me
and I will begin looking lower towards that 21.00 target level in wave [v] of ‘C’ at least.

Tomorrow;
Silver really needs a sharp move higher to stick with the bullish pattern here,
the key is a 23.37,
that level must hold for the bullish pattern to remain valid.