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

Housing bubble news from Amy Nixon on Twitter.

Is this a meme stock chart?

Failed crypto token?

No, it’s a house

This home has round-tripped back to within striking distance of 2020 pricing

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has failed to turn into wave (v) down so far this week
the short term action continues t be weak and corrective to the upside.
and the price is holding a lower high below wave (iv) again tonight.
this action continues to favor the main count.
and as long as the wave (iv) high holds at 1.0887,
then I will stick with this idea.

the alternate count now shows a larger wave (iv) pattern with a drop into wave ‘b’ underway.

Tomorrow;
Watch for wave (iv) to hold.
wave ‘iii’ of (v) should turn lower again and fall back into support near 1.07.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has not given me anything today with a very flat trade throughout the day.
the price continues to hold below the the recent high at 1.2707.
and with that,
a new high in wave ‘c’ of ‘ii’ remains illusive.
The action still looks corrective here,
with hints of a triangle underway,
so I am allowing for another pop to break 1.2707 to complete wave ‘ii’ tomorrow.
And then I can look for wave ‘iii’ later in the week.

tomorrow;
Watch for wave ‘ii’ to complete with a pop to hit the upper trend line and then we should see a drop back in an impulsive manner to begin wave ‘iii’ down.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The triangle idea for wave (iv) blue has been ruled out today by that small spike lower overnight.
Mondays top is now viewed as wave ‘b’ of (iv),
with wave ‘c’ now underway.
Wave ‘c’ of (*iv) should fall back below the wave ‘a’ low at 149.50 to complete a three wave correction.
and once this pattern closes out later this week,
then I will look higher into wave (v) of [iii].

tomorrow;
Watch for wave ‘b’ to hold at 150.84.
Wave ‘c’ down should fall into the lower trend line and break 149.50 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market fell slightly again today and that has stretched the wave ‘iv’ low a little.
the price is holding above the the wave ‘i’ high for the moment.
And the should term count does allow for one more high in wave ‘v’ of (v) later this week.
the minimum target for wave ‘v’ lies at 39290 at wave ‘iii’.

When we take a look at the big picture again,
the larger pattern for wave ‘C’ of (B) has already done enough to call that three wave pattern complete at this point.
and as I have noted time and again,
there is a real chance of an ‘air pocket’ moment in this environment.
Whoe knows what could kick that off.
But it is worth keeping that in mind as the market grinds higher.

Tomorrow;
Watch for the wave ‘iv’ low to hold above the wave ‘i’ high at 38838.
Wave ‘v’ of (v) will take the market higher for the rest of this week if the short term count holds.

GOLD

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GOLD daily.

Gold seems stuck in a minor correction within wave ‘3’ of ‘c’ this week.
the price continues to step higher in general,
so the wave count for wave ‘c’ holds.

If the current pattern is correct for wave ‘c’ pink,
then we should expect a rally in wave ‘3’ to break 2065 before correcting in wave ‘4’ of ‘c’.

Tomorrow;
Watch for that wave ‘2’ low to hold at 2015,
and then a rally into wave ‘3’ of ‘c’ will take the market higher over the coming days.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude popped higher today,
but remains in the corrective range that has bounded the price for the last few weeks.
The rally was enough today to abandon last nights idea for wave (v) of [c],
and return to a more classic view of wave [c] overall.
I have shown an expanded flat correction in wave (iv) blue now.
and the rally today is part of a five wave run higher into wave (v).
this pattern will likely keep the rally going for another few sessions to complete wave (v).
and we will see a final high for wave [c] of ‘2’ by Fridays close.

Tomorrow;
Watch for the wave (iv) low to hold at 75.76.
Wave (v) of [c] will then complete near that upper trend line later this week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I have bitten the bullet tonight and worked out a pattern for the rally into wave (v) blue.
I am going with the bog standard view for wave (v) with the sideways action this week coming in wave ‘iv’ of (v).
This count calls for a new push higher into wave ‘v’ of (v) of [v] later this week.
And that will push the market up towards the upper trend line again to finish the larger pattern.

Tomorrow;
Watch for wave ‘i’ to hold at 5044,
and wave ‘iv’ of (v) to continue higher as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is holding at the lows of the session tonight and the action today is in line with the overall count again.
There is a lack of momentum to the downside so far as wave ‘c’ builds.
That is a little worrying.
But as long as the downside bias continues in the price action,
then I can stick with the overall pattern for wave ‘c’ of (v) of [c].

Tomorrow;
Watch for wave ‘3’ of ‘c’ to fall back below 21.90 at the previous lows.
A break of that support will confirm this count.