Good evening to one and all, the Lord’s Blessings to you tonight.

I am going to ask your forgiveness first tonight.
I was in the hospital all weekend with my daughter again, and I am just back at my desk now at 22.18 on this Monday night.
She had to be re-admitted last Wednesday for more surgery on her arm.
Things seem to be finally sorted for her thank God.
But we are just waiting to finally get her home and get over this episode.
The last 2 weeks have been a bumpy ride for sure!

I will just do a short update tonight if you don’t mind!
And I will be back to full strength tomorrow hopefully!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A possible ‘i’ ‘ii’ pattern in play for EURUSD today after a small lower high is now complete.
Wave ‘iii’ down must begin with another step lower as shown.
A break of 1.0780 again will signal wave ‘iii’ of (iii) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has moved one step closer to the main pattern by creating a lower degree impulse wave today.
Wave ‘1’ and ‘2’ should begin wave ‘iii’ down.
A break of 1.2545 will confirm this pattern for wave (i) blue.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY spiked higher today which may be the beginning of wave ‘v’ of (v).
The low at 142.93 should hold at wave ‘iv’.
And then wave ‘v’ will trace out a five wave pattern to complete the larger pattern in the area of 145.00 again this week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A slow market today without much movement towards revealing the underlying pattern here.
My base case here is that wave [ii] has topped out,
and wave ‘i’ of (i) of [iii] is now developing.
But the internal pattern of wave ‘i’ has not unfolded just yet.
AS long as the price continues to develop lower this week,
then I can stick with this idea.
An acceleration lower into 33000 again will really boost this bearish wave count.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

It remains to be seen if wave ‘ii’ of (c) is complete at Fridays high,
or if there is a larger three wave pattern developing here.
We should know by tomorrow action which idea for wave ‘ii’ is the better fit.
Once we see a solid break below 1910 again that will confirm wave ‘iii’ of (c) down is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The trade in crude was very tight and choppy today and I am considering this action as wave ‘b’ of ‘ii’ so far.
This pattern suggests we will see another rally into wave ‘c’ of ‘ii’ this week.
And a top for wave ‘ii’ in the area of 71.00 again.
Then we should see a sharp drop into wave ‘iii’ of (iii) over the coming week if this count is correct.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market is trading lower again today but I am not satisfied with the way this decline is developing at all.
If this is a first wave decline off a longer term orthodox top,
then we should see a more impulsive pattern to begin the reversal.
For the moment I am happy to give this pattern some time to develop more clearly.
I would like to see a break of 4250 this week to really kick off the bearish potential here.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is holding below the wave (i) low at 23.19 again today,
So this wave (iv) count remains valid right now.
I want to see a drop into wave (v) starting tomorrow to keep this wave count on track.
A break of 22.09 again will signal wave (v) is underway.