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

Catastrophic JOLTS: Private Sector Job Openings Plunge To 6 Year Low As Both Hiring And Quits Crater.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD continues its stepping stone motion downwards.
The price action today is in line with the main idea here,
that is,
for a five wave pattern in wave ‘c’ to trace out this week with a target at 1.0750.
I have marked the triangle high at 1.0869.
A break of that level will trigger the alternate count.

Tomorrow;
Watch for wave ‘c’ to trace out five wave down as shown.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has not broken the 1.2800 level yet this week.
the price keeps flirting with that level but without a decisive move lower to confirm the pattern in wave ‘iii’ of (i).
I won’t make any big predictions until we see that level break.
And if that goes,
then next level of support lies at 1.2612 at the previous wave (iv) low,
and I suspect wave (i) will find support near that level.

Tomorrow;
Watch for wave (i) down to continue as shown.
I want to see a break of 1.28 to signal wave ‘iii’ of (i) is in play.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The pattern off the low at wave [iv] green is a little shaky tonight as the price has spiked lower again to form a second higher low above 151.94.

I have labelled the action as wave ‘ii’ again today.
Wave ‘ii’ can be viewed as an expanded flat correction after todays drop,
but this count requires a sharp move higher tomorrow to begin wave ‘iii’ of (i).

Tomorrow;
Watch for wave [iv] to hold at 151.94.
Wave (i) blue must continue higher in five waves and I think a reasonable target lies at 157.88.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has grinded its way sideways again today and I am counting this as a triangle now in wave ‘iv’ of (v).
The triangle idea removes the problem created by yesterdays overlap of wave ‘i’.
And now wave ‘iv’ will complete above the wave ‘i’ high.

The main count has not changed for wave (v).
This count suggests a new high will be formed in wave ‘v’ of (v) this week.
So It is just a matter of letting this rally play out.
Only a break of the wave (iv) lows at 39800 will trigger the alternate count.

Tomorrow;
Watch for wave ‘iv’ of (v) to complete the triangle pattern and then the market should turn higher for the rest of the week in wave ‘v’ of (v).

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave ‘c’ of (b) turned higher again today and now we have a three wave pattern underway in wave (b).
The minimum target for wave ‘c’ of (b) lies at the wave ‘a’ high,
and that level has been hit today.
I do expect that wave ‘c’ of (b) will hit that target level at 2430 to complete.
At that point I will look lower into wave (c).

Tomorrow;
Watch for wave ‘c’ to continue towards 2430 as shown.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

You may find this funny to think about,
but crude is trading at the very same level it was 18 years ago in AUG 2006!
So,
Where the heck is all the inflation in crude oil???
Is there something happening in this market that no other asset market knows about??
even if I use a simple inflation calculator with an average inflation rate from 2006 on,
that would give us about 120 oil today!

It makes me wonder for sure!

I am showing wave [iii] of ‘5’ now complete at todays lows.
The price should correct sideways beginning tomorrow in wave [iv].
Wave [iv] must hold below the wave [i] low at 76.00 for this pattern to remain valid.
And then we should see wave [v] turn lower again.

Tomorrow;
Watch for wave [iv] of ‘5’ to complete below 76.00 in a three wave correction higher.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The actoin today is still in line with a possible wave ‘b’ of (ii) decline.
The sharp drop in wave ‘b’ suggests that wave (ii) will complete even below the 50% retracement level.
A rally in wave ‘c’ to a top in the area of 5510 will do the trick I think.
That will give us a three wave upside correction and then I will look for a reversal into wave (iii) from there.

Tomorrow;
Watch for wave ‘c’ of (ii) to turn higher and complete at the upper trend channel line at 5513.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has turned higher today and that adds weight to the idea that wave ‘v’ of (c) is now complete at the recent low at 27.30.
The rally is not impulsive looking yet into wave ‘i’ pink,
so the bullish count into wave (i) blue is by no means proven.

I am looking for a break of that small shoulder at 29.45 to confirm wave (i).
That can easily happen tomorrow if all goes to plan.

Tomorrow;
Watch for wave ‘v’ to hold at 27.30.
Wave ‘i’ of (i) should rally into that target level at 29.45.