Good evening to one and all,

I pray the Blessings of Messiah Yeshua over you all again tonight.

EURUSD.

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EURUSD daily.

The price has now hit and broken the lower trend channel line in wave (v) of [v].
This action should be enough to call wave (v) pretty much done now.
I Think we will see the initial move higher to begin wave ‘A’ of (E) early next week.
If the price finds a low in wave (v) of [v] tomorrow,
then the overnight session on Sunday might bring a spike higher to begin wave [a] of ‘A’.

tomorrow;
I am still looking for that final low in wave [v] of ‘C’ of (D) to happen.
Lets see if tomorrow will do it.

GBPUSD

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GBPUSD daily.

Cable has rallied in three waves today and I view this as wave ‘iv’ of (iii).
The price spiked lower again off the session high and this action is a hint that wave ‘v’ has already begun.

Tomorrow;
i think we will see a low form in wave ‘v’ of (iii) possibly by tomorrow evening.
Wave ‘iii’ should break 1.3411 at a minimum.

USDJPY.

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USDJPY daily.

USDJPY came off the boil today with a pretty sharp move lower to begin wave (ii).
Wave ‘a’ of (ii) should be complete now,
and a small correction higher in wave ‘b’ is expected tomorrow.
Overall wave (ii) should fall into the 50% retracement level of wave (i).
and that level lies at 110.60.
That level also marks the area of the shoulder of support at the previous wave (b).

Tomorrow;
Watch for wave ‘b’ to begin a sideways correction that must hold below 112.07.

DOW JONES.

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Todays decline should be enough to complete wave ‘i’ down as shown.
The price filled a trend channel at the session low,
and now we have a small reversal off the session low this evening.
This may be the beginning of wave ‘ii’ up.
If this is the case we will see a three wave correction higher begin tomorrow and that will likely push into the 34500 area.

The other way we can look at todays decline,
is that wave ‘iii’ down has already begun.
In this case we will see a more rapid decline building over the coming days.
A break of the wave (i) low will favor the idea that wave ‘iii’ of (iii) is already underway.

Tomorrow;
Watch for wave ‘ii’ to begin and correct higher into the 34500 level.
Next week has the potential to bring a third of a third decline that can easily break 33000 again.

GOLD

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I was looking for wave (c) to fall into the 1710 level before rallying,
but todays sharp spike higher is enough to suggest that wave [ii] is now complete at 1721.
The price is close to tracing out a five wave pattern higher in wave ‘i’.
If wave [ii] is now complete,
then we should see a clear five wave pattern in wave ‘i’,
followed by a correction lower in wave ‘ii’ to form a higher low.
At that point We can suggest that wave (i) of [iii] is underway and I will be looking for that long awaited rally to take over.

Tomorrow;
watch for wave ‘i’ to complete and wave ‘ii’ to form a bullish higher low above 1721.

CRUDE OIL.

CRUDE OIL 1hr.

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The decline into todays lows was indeed a three wave pattern,
and as such it was corrective.
This is now labelled wave (iv) of [iii] and the low of wave (iv) was immediately followed by a rally to begin wave (v).
I am looking for wave (v) to carry up towards the 80 handle again over the next few sessions.
In this case,
todays low at wave (iv) must hold.

Tomorrow;
Watch for wave (v) to continue higher over the coming days and trace out another five wave rally to hit that 80.00 level again.
The wave [i] high at 72.90 should hold.

S&P 500.

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The S&P now has another five wave decline complete today in wave (i) down.
The low of the session came within a few points of breaking the wave [i] low.
While a break of the previous wave [i] low would be encouraging,
it is not necessary to complete the pattern.
If wave (i) of [iii] is now complete,
then we should see a three wave correction higher begin in wave (ii).
I am looking at the 4400 level as the initial target for wave (ii).
that level marks the high of wave (a) and is just above last nights wave ‘iv’.

Tomorrow;
Watch for wave (ii) to continue higher tomorrow and trace out three waves up.

SILVER.

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SILVER daily.

While todays low for silver is a candidate for a final low in wave (v),
the price did not quite hit the target.
for that reason,
I am placing this as the alternate count at the moment.

I am looking at todays lower high as wave ‘ii’ of (v).
With the idea that wave ‘iii’ of (v) will decline again tomorrow to break the 21.00 level again.

If we do see a push higher to break the wave (iv) high at 22.55,
that will trigger the alternate count.

Tomorrow;
Watch for wave (iv) to hold at 22.55.
Wave ‘iii’ of (v) will fall back below 21.40 again.