Good evening to you folks,

God’s blessings to you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is still taking aim at the 0.9899 lows but without any success at hitting it yet.
I am happy t stick with this wave count for wave (v) and allow for a new low to form below that early next week.
The prce did bounce today,
but even now the reversal has taken out most of the gains.
So I think wave ‘v’ will return lower on Monday and possibly into Tuesday give todays action.

Monday;
Watch for wave ‘v’ of (v) to trace out five waves down and target the 98.00 level before completing.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable completed wave ‘iv’ of (v) early today,
and now the price has reversed the rally and fallen sharply to begin wave ‘v’ of (v) of [iii].
Wave (v) should complete in the area of 1.1450 on Monday,
and then I will begin to look higher in wave [iv] by Tuesday.

Monday;
Watch for wave ‘v’ of (v) of [iii] to hit a final low on Monday.
A break above 1.1589 again will signal wave [iv] is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has reached high enough now to start looking for a top to form in wave [c] of ‘B’ next week.
The internal pattern of wave [c] is complete.
And the trend channel has filled out nicely.
The drop today is too small yet to make anything of it,
but if we see a fall back below 137.70 again that will be a large hint that the top is in for wave ‘B’.

Monday;
Watch for wave (v) of [c] to top out and for a sharp decline to begin into wave [i] of [c] by the middle of next week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow is holding at a higher low this evening so far,
although the drop into wave ‘b’ of (ii) is far sharper than I expected.

This action has opened up a possibility that wave (ii) is already complete at todays highs,
I do not favor that count,
but it is worth keeping an eye on that idea on Monday.
If the decline continues early on Monday that will favor that alternate count.

Monday;
Watch for wave ‘b’ to complete a higher low and then a rally in wave ‘c’ should bring the market back towards the target area beginning at 32370.
If this count is correct,
wave (iii) of [iii] is a real possibility nect week.
So it could be a very exciting week if that happens.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is threatening to invalidate my short term count here,
but so far this evening the count for wave ‘iii’ of (v) still stands.

The top today marks the high of wave ‘4’ of ‘iii’.
and I am looking for wave ‘5’ of ‘iii’ to fall again and break below that 1680 low wo form a new low for the whole wave (4) pattern.
I do think we are very close to that final low in wave (4),
but I would like to see the larger wave (v) pattern close out a clear internal pattern before that final low is registered.

Monday;
Watch for wave ‘iii’ of of (v) to step lower once more and form a new low below 1680.
The larger pattern requires another correction and decline to complete five waves down.
That should occur next week also.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The decline into wave (i) of [iii] is close to complete now.
We have a final fifth wave underway this evening.
Wave ‘v’ of (i) should break to a new low below 86.00 again when complete,
and then next week I will begin to look for a correction higher to begin in wave (ii).

Wave (ii) should move back above the 90 handle in three waves over the course of next week.
and when complete we will sit at a serious inflection point in this pattern.
the pattern will be complete up to wave (ii) of [iii] of ‘3’ of (3).
And then next step in this pattern will be an acceleration lower into wave (iii) of [iii] of ‘3’ of (3).

Monday;
This is a pretty big call here,
because that next wave down could cause a major crash in crude to bring us back below 60.00 again.
I know that is not the main expectation of the market here that is for sure.

Monday;
Watch for wave (i) to hit a low with a break of 86.00.
Wave (ii) will then correct higher over the next few sessions in the area of 90.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

the S&P is holding at a higher low above the wave ‘i’ low this evening.
The pattern in wave ‘ii’ is still intact here,
and wave ‘c’ of ‘ii’ will complete a lower high by Monday evening if this pattern plays out like I think it will.

Next week is looking pretty shaky here if this pattern is correct.
Wave ‘iii’ of (iii) of [iii] down will set us up for a sharp decline into the 3300 area to complete.
And at that point,
the downside momentum will be hard to stop I think.
So this is a real crash scenario that I am working on here.
Its time to be very careful here.

Monday;
Watch for wave ‘ii’ to correct higher in three waves towards the target level at 4070.
Wave ‘iii’ down will then be set to go.
We will cross that bridge when we come to it!

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has corrected higher today in wave ‘iv’ of (iii).
The price stopped before hitting the wave ‘i’ low at 18.49,
so the internal five wave pattern in wave (iii) is still valid.
The price has turned lower this evening to begin wave ‘v’.
wave ‘v’ should hit the 17.28 level at a minimum,
Wave ‘v’ does not have to stop there,
that level simply marks the point where wave (i) and (iii) will reach equality.

Monday;
Watch for wave ‘v’ of (iii) to continue lower and break 17.28 at a minimum.