Good evening to one and all,

God’s Blessings to you all tonight.

Its going to be a short update tonight,
as I thought the trip is catching up on me!
Lots of driving and activity today.
Went to https://www.wildireland.org/

to meet the wolves and bears!

Then on the Malin head https://www.discoverireland.ie/donegal/malin-head

the most northerly point in Ireland.

Then https://glenhouse.ie/2012/05/22/glenevin-waterfall-park/

which was a nice surprise.

then http://dunree.pro.ie/

to check out the costal defense guns.

Now back at base and getting ready for the cot!

It was another quiet yet interesting day in the markets.
The indecision continues across the board, but there is a hint of change in the air.

On to the charts.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is trying to form a base today with a small double bottom at wave ‘v’ of (c).
And now a series of spike to the upside should begin to work its way higher in a five wave pattern in wave [c].

Tomorrow;
Watch for wave (i) and (ii) to form a solid higher low above 1.1583.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The correction in wave (iv) finally seems to be over with today!
The pop higher this evening must continue tomorrow and break above the top of wave (iii) again to confirm.

Tomorrow;
Watch for a break of 1.3833 at wave (iii).

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY turned lower again today off a lower high labelled wave ‘ii’.
Wave ‘iii’ has not been confirmed yet,
but this is a start.

Tomorrow;
Watch for wave ‘iii’ to continue into the next support at 112.00 in five waves.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The first move lower within the larger wave (iv) today.
Nothing to write home about yet!
As I suspect we will see a drop into the 35,000 level to break wave (i) when wave (iv) is done.

Tomorrow;
Watch for wave ‘a’ of (iv) to continue lower and create at least a three wave pattern when complete.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has not reacted much to the series of downward spikes yet.
The price has instead corrected higher in three wave within a small trend channel.
And this adds to the idea that we need to see one more push lower to complete this pattern.

Tomorrow;
All eyes on 1760 for me.
A bounce after a break of that level will be a good sign.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is sticking to the script so far off the top.
The price is working lower in wave (iii) of [i] today,
I am looking for an extension lower in wave (iii) to hit the 80.60 level at wave [iv] again.

Tomorrow;
Watch for wave (iii) to fall into support before correcting higher again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Waiting and waiting for the next correction to get going here in wave ‘iv’ of (v).
The price action is flat,
momentum is dead and we have five waves up in wave ‘iii’ now in place.
Wave ‘iv’ should begin before the end of this week.

Tomorrow;
a drop below 4520 again will signal wave ‘iv’ is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am not convinced that wave (iv) is done yet.
The action today was pretty flat and corrective to the upside.
So another spike lower to hit that rising trend line would do it for me.
the area of 23.60 looks interesting.

Tomorrow;
Watch for wave ‘c’ of (iv) to complete a five wave drop into the trend line.