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

I like what Adam Taggart does on his channel, and I really like what John Hussman does, its a match made in heaven for me!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A small drop today off the top of a possible [b] wave triangle.
This move has not yet proven that wave count for wave [b].
But we have to start somewhere.

I have marked the wave (d) low at 1.0666 as the confirmation level for wave (i) down.
And that remains the same.
Before that wave (i) must begin working lower in an impulsive formation.
So I will give this wave count another day or so to prove itself.

Tomorrow;
Watch for wave [b] to hold at 1.0845.
Wave (i) down must continue lower and the action should start to get impulsive from here.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has dropped today also but there is very little to go on here to convince me that wave (i) is underway.
So far the wave ‘b’ high has put a stop to the rally in wave ‘v’ of (v).
The rally in wave (v) blue has broken the minimum target level at 1.2801.
But I want to see a drop back below 1.2600 to confirm the idea that wave (i) down is underway.

Tomorrow;
Watch for wave (i) down to continue lower and break initial support at 1.2600 this week in order to confirm the main pattern.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A small lower high today is labelled wave ‘b’ of ‘iv’ at the moment.
I am still looking for a larger three wave pattern to the downside in wave ‘iv’ pink as shown.
And a break of 160.00 again would be satisfactory to call wave ‘iv’ complete.
If this count is correct,
then we will continue locked in a sideways range for the next few days before turning higher into wave ‘v’ later this week.

Tomorrow;
Watch for wave ‘c’ of ‘iv’ to turn lower and drop back into the 160.00 level to call this corrective pattern complete.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A choppy day in the market again today but no net progress made either way.
The price fell into the recent triangle lows,
then rebounded,
and now the falls back to the lows as I write this evening.
I cant make any major projections based on todays action,
but I am happy to see the highs at wave [ii] hold and at least this gives us a open door to a possible decline into wave (i).

Tomorrow;
The wave (b) low at 38280 is still the main target for wave (i) down.
It would be a good signal to reach that level by the end of this week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The action in gold is holding as a corrective drop in wave ‘ii’ again today.
I am suggesting a three wave decline in wave ‘ii’ to the 2330 level as an ideal scenario.
that will retrace 62% of the rally in wave ‘i’.
and it should provide a good base for wave ‘iii’ up to begin.

Tomorrow;
Watch for wave ‘c’ of ‘ii’ to fall into 2330 and then we can look higher into wave ‘iii’ from there.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The short term bias is to the downside this week that much is for sure.
I will admit that the internal action of the decline is not ideal.
The price may have traced out a very short lived correction higher in wave ‘ii’ today.
That rally has been fully retraced as we hit the close this evening.
So at this point is it is possible that wave ‘iii’ of (i) is now underway.
I am not ruling out a larger wave ‘ii’ here,
and that remains an alternate.
But for this moment I will keep my focus on the downside to see if wave ‘iii’ of (i) begins tomorrow.

Tomorrow;
Watch for the session high to hold at 81.93.
Wave ‘iii’ will be confirmed with a break of 80.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A flat day in the S&P also today with very little to go on regarding the patterns.
The market is so close to that upper trend channel line here,
that is seems like a no brainer that we will see a break of the channel before topping out the pattern.
The main pattern in wave (v) has done enough,
but the final fifth can easily throw over the channel to complete.
That will happen in the next session or two most likely.

Tomorrow;
On the other side of that equation is a drop back below the wave ‘iv’ low to call the rally complete.
So I have one eye on 5440 as a signal that wave ‘i’ of (i) has turn down off the top.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

It is difficult to call the initial decline off wave (b) as impulsive so far.
The main reason I am now looking for wave (c) to begin is the fact that a solid pattern has topped out in wave (b).
The next step is for a reversal into wave (c) to begin from here.

Wave ‘i’ down has not taken control of the action yet.
But I have marked the 30.00 level as an indicator for wave ‘i’.
That level is the center point of the range of wave (b),
and a break below that level will favor the wave ‘i’ count.

Tomorrow;
Watch for a break of 30.00 to signal wave ‘i’ of (c) has begun.