Good evening to one and all.

The Lord’s Blessings to you all.

I am going to keep tonights update short and sweet as we have family visiting us tonight.
There will be an indepth video tomorrow to go along with the update tomorrow night,
so I think I have the bases covered.
The action this week has proved to be very little help in terms of advancing the larger patterns in play across the markets,
and that is to be expected I suppose.
But,
The stock markets topped out and turned down into wave ‘1’ at the beginning of January 2022.
And once this Christmas season is over,
I suspect the same hangover will turn the market down into wave ‘3’ of the larger pattern.
If I am right in my thinking here,
the 2023 will be the year nightmare takes over.
This eventuality should be approached with a fear of God,
and sober preparation.

As for this days trade, lets see how we fared.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has been a mess over the last few weeks,
so tonight I am rethinking the larger pattern here.
we may be operating at a higher degree than I was working with over the last while.
So wave ‘a’ and ‘b’ in pink are complete today,
and wave ‘c’ is now getting started.
Wave ‘c’ should complete with a break of 1.0571 at a minimum.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is holding the small lower high in wave ‘ii’ today,
and I am looking for wave ‘iii’ to come in tomorrowwith a break below 1.1993.
I am looking for a low in wave (c) of [a] near 1.1750 over the coming week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY moved lower today off that possible wave [iv] high at 134.49.
And now I am looking for a new five wave decline into wave [v] of ‘C’ to complete below 130.56.
If the price breaks above the wave [iv] high at 134.49 again,
then I will switch to the alternate count.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow managed a rally today and did not complete five waves down this week yet.
As you can see the price has essentially moved sideways over the last week with a general contraction in the range.

At this point I am considering the pattern as a triangle in wave ‘b’ of ‘ii’.
In this scenario wave ‘c’ will rally to complete a three wave pattern higher towards 33700.
And then wave ‘iii’ will be ready to take over.

Lets see of this triangle holds tomorrow.
A break of 32830 again will turn the pattern back in favor of last nights chart.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The correction higher to a new lower high today is again counted as wave ‘2’ of ‘c’ of (ii).
And wave ‘c’ is still expected to make a turn lower and complete five wave down to break 1773 at a minimum.
I do favor a lower end point for wave (ii),
but we will see how it goes.
Watch for a break of 1785 again to confirm this count.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I’m afraid it is a sea of second waves tonight!

Wave ‘2’ of ‘i’ may be the best way to look at this developing pattern after todays action.
So this count requires another five wave decline to complete wave ‘i’ of (iii) with a minimu target at 73.37.

A break above the wave (ii) high at 81.14 again will trigger the alternate count for wave [ii] green.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I do not have an alternate coutn for the S&P tonight even after todays rally.
The count for the Dow does not fit as well here,
and there is a chance that wave ‘2’ actually completed today as a running flat,
with wave ‘3’ now beginning.
A break of 3763 again will signal wave ‘3’ of ‘iii’ has begun.
if the price does rally again and break 3891 then I will switch to the alternate view of wave ‘ii’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver does seem to favor the new count so far today with a small rise towards the minimu target at 24.28.
Lets see if wave ‘c’ can complete three waves up overall in wave (v) by tomorrows close.
That will leave the new year open to a reversal in this market also.