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

A pretty slow day in the markets today given the fact that we may be staring down the barrel of ww3 after the weekend.
And I don’t say that lightly!

I pray that it is not so,
and that all you guys will be protected no matter what happens.
But it sure looks like we took one huge step towards a major international war this weekend.

Time to buckle up here as this world is about to go down a very dangerous spiral.

All risk markets will go with it….

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is holding at the lows created last Friday again this evening.
And of course that means wave (i) is still in play here.
the market is still tracing out the final moves within wave ‘v’ of (i) here.
And I am suggesting that wave (ii) is going to kick off here soon.
but we will have to wait until tomorrow at the very least.

tomorrow;
Watch for wave ‘v’ of (i) to show signs of a completed pattern.
A break back above 1.07 again will signal wave (ii) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is in a similar situation here.
Wave (i) is drawing to a close this evening.
but we are not there yet.

Wave ‘v’ of (i) is tracing out a five wave internal pattern now.
and that will complete with a break of 1.2425.
Once wave (i) does complete,
then we can look for a reversal higher into a second wave correction for the rst of the week.
Wave (ii) should take the rest of the week to complete if that wave stays in proportion to wave (i).
and I am looking for a top in wave (ii) to hit 1.2540 at the previous wave [iv] low.
that is the minimum target level for wave (ii) to complete.

Tomorrow;
Watch for wave ‘v’ of (i) to close out with a break of 1.2425.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

So much for the ‘dollar is dead’ mantra!

USDJPY hit a new high for the pattern today as wave ‘v’ of (i) closes out.
Wave ‘v’ has a very clear internal five wave pattern now in place here.
And the rally is coming to a halt at the upper trend channel line of wave ‘v’ tonight.
The overall rally in wave (i) is done here,
and unless the pattern is not correct here for wave (i),
then I do think we will see a decline begin in wave (ii) in the next few sessions.

Tomorrow;
Watch for wave ‘v’ of (i) to top and reverse into wave ‘a’ of (ii).
A break of 153.00 again will signal wave ‘a’ of (ii) is underway.
Wave (ii) should fall back into the 150.00 handle again in three waves.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has now dropped back into the late December highs again wiping out a full three months of upside in a matter of 2 weeks.
The all time higher was registered on April 1st,
that all time high has proven to be a major april fools trick so far!

The declines off the highs have a very impulsive nature to the action.
but
There is no sign of wave [i] stopping yet.
I have shown a different interpretation of the pattern in wave [i] tonight.
This involves an extended wave (v) of [i].
But there is another way to view the action off the high that suggests wave [iii] is already underway here.
We will see which pattern fits best this week,
and then I can make a judgement on how low this decline will go before we see a corrective rally again.

Tomorrow;
Watch for wave (v) of [i] to show signs of hitting a sustainable low and then we can look for wave (a) of [ii] to begin.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold bounced today and is holding at a lower high this evening.
The main count remains the same,
namely that wave (iv) should be taking the price lower for this week at least.
And todays action is viewed as wave ‘b’ of ‘a’ of (iv).
This pattern suggests wave (iv) will be a simple flat correction,
but there is no way of knowing that at this early stage,
so it is just a matter of following the action to see where the correction goes.

Tomorrow;
Watch for wave ‘a’ of (iv) to continue lower to break 2300 in three waves as shown.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is still holding within a range under he highs of wave ‘2’.
the main count is still in place tonight,
but I will admit that the recent action off the top can be viewed as a correction to the downside.
So I am going to hold an open mind on this pattern until we get some proper proof on the direction here.

If we gert a new high tomorrow,
then we are back to the wave ‘2’ pattern again.

Tomorrow;
Any drop back below 83.57 will signal wave ‘iii’ is in play.
So lets see if the high at wave ‘2’ can hold and the wave (i) pattern can take over again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is now sitting on that wave (iv) support at 5055 tonight.
The market action look likely to break that level also tomorrow,
so we are finally moving lower in line with a larger five wave pattern here,
and if that is the case,
then we can expect wave (iii) of [i] to carry on downwards for most of this week.

Wave (iii) blue has a series of stepped declines to begin the pattern,
and the same will happen to close out this pattern also,
That series of steps in waves ‘iii’ ‘iv’ and ‘v’ should extend the decline towards the low 4900 area when this wave completes.

I don’t want to get ahead of myself here so,
one step at a time.

Tomorrow;
Watch for wave ‘iii’ of (iii) to trace out a five wave internal pattern and complete with a break of the 5000 level again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has bounced off last weeks sharp decline today.
the action to the upside today look corrective at the moment.
So I have labelled the pattern as wave ‘a’ and ‘b’ to begin wave (a) down.
Wave ‘b’ must hold below the highs tomorrow,
and then wave ‘c’ of (a) must turn lower again and fall into support near 26.26 at the wave ‘iv’ low.

Tomorrow;
Wave (a) should fall in three waves to begin the larger wave [ii] correction this week.
Watch for wave (a) of [ii] to complete three waves down and then find support at the previous wave ‘iv’ lows.