Good evening folks, the Lord’s Blessings to you all.

Retail sales are dropping again!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A small drop off the high yesterday is suggesting that wave ‘iv’ is now underway.
this new wave count for wave [b] of ‘2’ is calling for another pop to that 62% retracement level at 1.0960.
That will complete wave ‘v’ of (c) of [b].
And at that point I can look for a drop back to begin wave (i) of [c].

Tomorrow;
Watch for wave (c) to complete a five wave pattern as shown with wave ‘v’ making a new high later this week.
the wave ‘i’ high at 1.0755 must hold for this pattern to remain valid.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has reversed off the top this evening and the price has broken back below the wave ‘iii’ high at 1.2430 again.
this is not confirmation of a reversal into wave (i) yet,
but if we see a break below 1.2300 again,
that will be a solid signal that wave (i) is underway.

Tomorrow;
I am giving this reversal some room to see if we can form a lower high in wave ‘i’ and ‘ii’ of (i) as shown.
The high at 1.2505 must hold now.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY did complete a possible five wave decline into todays lows,
and this does fit the idea of wave ‘a’ down.
The price has rebounded quite well off that session low also,
so I am not exactly confident in the larger count for wave (a) yet.
I will need to see the high at wave [v] of ‘3’ hold at 151.90 tomorrow and then the price must turn lower again into wave ‘c’ of (a).

Tomorrow;
WAtch for 151.90 to hold and wave ‘c’ down to turn lower again.
I am looking for a break of 149.22 again as a minimum target for wave (a).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

It ahs been a pretty dead day in the stock market today.
It turns out people loose interest in the cpi data pretty quickly.

I am going to view this lack luster trade as a hint that we are at the end of a trend now.
And I think I can make an argument that five waves up is very close to done now in wave (c) of [ii].
If this count is correct,
then we will see a reversal off the top of wave [ii] before Fridays close.
And then I will be looking for a break of the wave (b) low at 33840 again to signal wave (i) has begun.
So after a long rally into wave [ii] over the last few weeks,
I think, finally we are close to the turn around.

Tomorrow;
Watch for a final top in wave ‘v’ of (c) of [ii].
An impulsive decline should begin off that top in wave ‘i’ of (i) of [iii].

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave ‘a’ of (b) made a new top today and then completely reversed the gains this evening.
The rally into wave ‘a’ has traced out five waves up at the high,
and now this decline should begin wave ‘b’ of (b).
I want to see three waves down into wave ‘b’ to complete near 1950 again.
once that happens I will look for a rally again in wave ‘a’ of (b).

Tomorrow;
WAtch for wave ‘b’ to complete a higher low after a three wave decline into 1950.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is extending the decline off that wave ‘iv’ top again today.
This decline is viewed as wave ‘v’ of (iii),
and the minimum target for wave ‘v’ lies at 74.95 again.
This level marks the low of wave ‘iii’,
so we should see a break of that level as wave ‘v’ completes.

Tomorrow;
Watch for a five wave pattern lower to complete with a break of 74.95 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am going with the idea that wave (c) of [ii] is very nearly done in the S&P also tonight.
The iternal pattern of wave (c) may have one more high to complete wave ‘v’ of (c) as shown.
But that high must not go much farther above 4525 at the wave ‘iii’ high.
A rally from here will put this whole wave count in danger of invalidation.
So,
as usual the stock market is flirting with disaster before the reversal happens.
that seems to be a theme here,
and at the wave ‘2’ high back in summer the very same thing happened at a larger degree.
Lets see if the lower degree count will mirror that reversal over the next few days.

Tomorrow;
Watch for wave ‘iv’ to complete and then a new high in wave ‘v’ just above 4525 to finish off this wave [ii] pattern.
A break of 4337 again at wave (b) will confirm wave (i) of [iii] is underway.

SILVER.

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SILVER 4hr.

SILVER daily.

Silver came very close to making a new high today as the bullish reversal builds up steam here.
I can see a five wave pattern off last weeks lows now in place.
This should compelte wave ‘i’ of (iii).
and now wave ‘ii’ is set to fall in a corrective manner from here.

I am looking for a low in wave ‘ii’ near the 22.50 area before the next phase of acceleration begin.

Tomorrow;
WAtch for a three wave corrective decline to take over from here to begin wave ‘ii’ of (iii).