Good evening to you folks.

God’s blessings to you all tonight.

I am going to ask your forgiveness tonight because I need to cut short this update.
It is simple really,
I have a pounding headache for most of the day and typing is not doing me any good!

I will make up for this sick day lets call it, tomorrow,
as I will be uploading a video and I can back fill anything that I miss tonight.

So here are tonight’s charts along with my expectations for tomorrows trade.

Thanks for your patience,
and I will be back in action tomorrow please God!

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The extending pattern in wave (iii) has lost momentum today,
but I do expect wave ‘iii’ of (iii) to fall into the 0.97 area to complete.
Watch for wave ‘i’ to hold at 0.9945.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The action today does open up the possibility that wave [v] green is complete at todays lows.
A break above 1.1461 will favor this idea,
If 1.1212 breaks again that will suggest wave (v) is extending towards toe lower trend line again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Todays action broke the previous count and now opens a new interpretation for wave (3) blue.
An expanded flat wave [iv] of ‘5’ of (3) may be complete at todays lows.
Watch for a possible five wave pattern in wave [v] to build to the upside again to complete wave ‘3’ next week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am extending the count for wave ‘1’ and ‘2’ of ‘ii’ this evening.
This allows for a slower build towards that waterfall moment that I keep talking about.
So a corrective trade tomorrow will suggest that wave ‘2’ of ‘iii’ is underway.

If the market tumbles and support breaks tomorrow,
that will suggest wave ‘3’ of ‘iii’ is already underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I have extended the ending diagonal pattern for wave (v) blue today.
You can see the corrective action this week takes the wave ‘iv’ label.
Wave ‘v’ down should trace out a three wave pattern also.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

My main count in wave [c] for crude is under pressure this week.
The action does not fit a third wave advance in wave [c] yet,
but I will allow this count another few days to be confirmed or invalidated.

A break of 89.66 again will favor this count.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is holding at the lows of the week today and there is absolutely no reaction to the declines that have happened over the last few days.
I don’t know what to make of this to be honest,
maybe there is a growing resignation to trend change,
maybe the longs are starting to capitulate??

the long awaited third of a third acceleration has not happened yet,
but the count remains the same here.
Watch for a possible launch into that decline again tomorrow.
3919 must hold for this pattern to remain valid.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am looking at a possible barrier triangle for wave (iv) tonight.
The range contraction that happened all this week seems to fit this pattern.
And the outcome should be the same with a rally above 20.86 to complete wave (v) of [c].

A break of 20.02 will signal wave (v) is underway.