Good evening to one and all.

here is a good interview with one of my favorite no BS economists, David Rosenberg.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has now reached above the initial target level at 1.0746 at wave ‘4’ of ‘iii’.
The rise into todays high is in three waves,
and that suggests a flat correction pattern in wave ‘iv’ pink.
In this scenario,
wave ‘iv’ will trace out a 3’3’5 internal pattern.
I want to see wave ‘iv’ complete below the 1.09 level and then turn lower into wave ‘v’ of (c) next week.

Tomorrow;
Watch for wave ‘a’ and ‘b’ to complete a higher low above 1.0634.
If the current pattern holds,
then wave ‘b’ should fall in three waves tomorrow.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable had an impressive rally today which has almost done enough to complete wave (b).
Wave ‘c’ of (b) has already reached the 62% retracement level of wave (a),
the only issue here is,
wave ‘c’ has not traced out five waves up as you would expect in a 3,3,5 flat correction.
We will see how it goes tomorrow.

Tomorrow;
Watch for wave ‘c’ of (b) to complete five waves up and top out very close by the current level.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am looking at a possible five wave internal pattern developing in wave ‘c’ of (iv) now.
The price came down sharply today and this wave is viewed as wave ‘3’ of ‘c’ now.
Wave ‘4’ of ‘c’ should track higher tomorrow in a corrective move,
and then wave ‘5’ of ‘c’ is set to complete the correction near the 138.00 handle again.
Depending on how the trade goes tomorrow,
this wave (iv) correction may even be done by the close.

Tomorrow;
watch for wave ‘4’ and ‘5’ to trace out one more step lower and complete this wave (iv) pattern in the area of 138.00.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow dropped in the early trade today and I though this wave ‘2’ count was about to break,
but the afternoon session has really turned around
and now wave ‘2’ is on track to complete a three wave correction above 33300 again.

This wave ‘2’ correction should be done by tomorrow evening with a break of the previous high at 33247.
And wave ‘2’ of ‘iii’ must complete below 33650 at the wave ‘ii’ high.
If that level breaks,
then it’s back to the drawing board again to figure out this wave (i) pattern.

Tomorrow;
Watch for wave ‘2’ to complete a three wave correction pattern with a minimum target at the previous high of 33247.
Once we see wave ‘2’ hit that target,
then I will turn my attention lower again next week to begin wave ‘3’ down.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has turned higher today in wave ‘c’ of (b) so this wave is on track to complete tomorrow if all goes well.
Wave ‘c’ has reached the minimum target by breaking the wave ‘a’ high,
but I don’t think we are done here just yet.
Wave ‘c’ of (b) is expected wave ‘c’ to challenge that 2000 level again when complete.
That will bring the price close to the 50% retracement level of wave (a) again,
and this would be a good area to look for wave (b) to top out.

Tomorrow;
Watch for wave ‘c’ of (b) to complete near that 50% retracement level again.
Next week I can begin to look lower again into wave (c) of [a].

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude turned higher again today off that small wave ‘ii’ higher low.
I have labelled this rally as wave ‘iii’ of (c) but I do want to see further upside before this wave ‘iii’ rally completes.
I am suggesting a top above 73.00 to complete wave ‘iii’.
And then a small correction in wave ‘iv’ of (c) early next week.
A five wave rally in wave (c) should top out with a break of 75.00 again next week some time.

If this rally fails tomorrow and we see a drop below 68.00 again,
that action will favor the alternate count for wave [ii] again.

Tomorrow;
Lets see if this wave ‘iii’ rally can continue above 73.00 to complete the week.
the price should hold above 68.00 to keep this count valid.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

We have either a possible double top in play here and a rejection to suggest a reversal is underway here.
Or,
Wave ‘5’ is only now topping out this expanded wedge rally in wave ‘v’ of (c) at todays high.
I will take either one to be honest,
as long as we see a reversal to begin a very large decline into wave (i) of [iii] now.

It has been another frustrating week again regarding the pattern in wave (c).
And again I really cant make any grand predictions without some price action that favors the reversal idea.
WAve (i) of [iii] will have to wait for another week now.

Tomorrow;
Lets see if this failure at the top actually holds,
and if the market actually gives me something to work with to the downside again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

A nice rally todays has brought this wave (c) rally one step closer to complete here.
Wave (c) has not traced out a typical five wave pattern at all this week.
But there is a possibility that the action has completed an expanding wedge pattern.
The top today is close enough to the 38% retracement of wave [a] also,
so that is a vote in favor of this wave count.

This pattern can only be confirmed with a sharp reversal off the top of wave ‘v’ of (c).
so lets see if that happens tomorrow.

Tomorrow;
Watch for wave (c) of [b] to top out and reverse off a very nearby high.
A break of the wave (a) high at 23.37 again will suggest wave [b] has topped out and wave [c] has begun.