Good evening to you all, and may the Lord bless you all tonight.

For all that are wondering how the dreaded plague is going in this little household,
My son had it last week,
I have it now but I am back to about 75% this evening.
And now my daughter has it today.
I am not pcr testing and running about with my head on fire, contact tracing, and locking myself in a room for a week.
No sir not me.
as a rule,
If the government tells me I must do something,
well then I am far less likely to do it.
I guess its the undying libertarian in me that just cant stand government overreach.

AS for the plague itself,
Its pretty harmless to kids,
I have had far worse battles with the flu to be honest.
But it is still a pain in the ass!
And I would not like to be one of those who is predisposed to major illness from this thing.

Life must go on.
ITs a funny thing here since the restrictions have been lifted.
The plague does not even make the news anymore!

Thanks be to God!

I am going to keep it to the point tonight as my wife is on night duty and I have a sick 5yr old lying beside me!
So,
on with the show!

Net earnings guidance for companies has turned most negative since 2009, per index constructed by ⁦@biancoresearch⁩
⁦@Bloomberg

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

After wave [b] almost hit the 62% retracement level yesterday
the price has now bounced enough to consider wave (i) of [c] underway.

Tomorrow;
Watch for price to hold above 1.1280 and continue higher in five waves in wave (i).
If wave [c] is now in play,
once wave (ii) is done,
we should see a continued rally for the rest of the week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am looking at a possible large zigzag pattern for wave [ii] now as shown.
the price is working its way higher in three waves in wave (b) this week.
Wave ‘b’ of (b) is now completing a complex flat at todays lows.
Wave ‘c’ of (b) should rally again to complete three waves up below 1.3748 ideally.

Tomorrow;
Wave ‘b’ should now be complete.
A break above 1.3630 again will confirm wave ‘c’ has begun.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY may have completed a ‘i’ ‘ii’ pattern off the high at wave (b) today.
If this is true,
Then wave ‘iii’ of (c) must turn lower again tomorrow and fall into the 114.50 area.

Tomorrow;
Watch for the high at wave (b) to hold at 116.35.
The minimum target for wave (c) lies at 114.13.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A wave (ii) rally is the order of the day today.
The price has completed three waves up off wave (i) so far,
it is hard to know if this is all of wave (ii),
or if this is only wave ‘a’ of (ii).
A sharp reversal tomorrow will signal wave (ii) is complete.

Tomorrow;
Watch for wave (ii) to hold at the 35,000 area and then return lower into wave ‘i’ of (iii) over the coming few days.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

On the 4hr chart first;

The price of gold broke out above the previous triangle high of wave ‘B’ red today.
and with that there is a chance of a new bull run higher into wave (5) now just beginning.

The price made a new high by $2 at 1879.
This is enough to open up the chance that the recent rally is in fact wave [i] of ‘1’ of (5).
If this is the case,
then todays decline beginning wave [ii].
Wave [ii] should trace out a three wave decline over the coming days and complete above the low at 1780.

Tomorrow;
Watch for wave (a) to complete and then wave (b) should create a lower high below 1879.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude came down sharply today erasing much of yesterdays gains.
That impulsive wave down to begin the large wave ‘c’ black down has eluded me so far.
But that is what I am looking for soon enough.
A break of 87.50 again will signal wave [v] or ‘5’ is done.
and then I will look for a corrective lower high again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is showing an identical pattern to the dow right now.
so if wave (ii) is done at todays small lower high,
then we should see a long decline begin this week into a possible wave (iii) of [iii] as shown.
It may well take a few days for this wave to pick up momentum to the downside,
but I would like to see at least an initial decline below 4360 soon to signal a larger move is beginning.

Tomorrow;
Watch for wave (ii) to hold below 4590.
Wave ‘i’ of (iii) should return lower and break the wave (i) low over the coming few sessions.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

There has not been any break of the pattern in silver yet and because of that there is still a little doubt on the bullish gold pattern.
Just a little!

For the moment I am still working with the idea that wave [iii] of ‘C’ is beginning here.
And a sharp decline below 22.00 again will confirm that idea.

Tomorrow;
Watch for 23.97 to hold,
and wave (iii) of [iii] to continue lower in five waves.

A break of 21.40 will confirm wave ‘C’ is in force.
And there is still potential for wave ‘C’ to fall into the 18.00 handle again.