Good evening folks and the Lord’s blessings to you.

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The rally in wave ‘i’ of (iii) is not showing signs of stopping today.
There is a reasonable chance that wave ‘i’ will retrace all of wave ‘c’ now.
that gives a target at 1.0470 to complete,
and from there a drop into wave ‘ii’ should come.
We will see soon enough tomorrow if this will happen.

Tomorrow;
Wave ‘i’ should complete pretty soon even if we do get another pop.
and from there I will look for a corrective drop in wave ‘ii’ back towards 1.03.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Wave ‘i’ of (iii) broke the previous wave (i) top today which is more than expected for this wave.
I suspect we will get a drop into wave ‘ii’ over the coming days just like EURUSD.
And in this case I am looking at the 1.2400 area to complete.

Tomorrow;
A top should form in wave ‘i’.
Watch for wave ‘ii’ to turn lower in three waves for the rest of this week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I have made a a few changes tonight in this wave count.
The price drop today has shifted this pattern back to the previous wave [ii] correction.
This change is best viewed on the 4hr chart.

In this scenario wave (c) of [ii] will drop into 148.56 at the wave [a] low again.
That marks a 50% retracement of the wave [i] rally,
and from there I will look higher again into wave [iii].

Tomorrow;
Watch for wave ‘iii’ of (c) to complete five waves down near 150.00 this week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market seems to be saying no to a drop into wave ‘i’ again.
I do like the form of the recent drop off wave (ii),
it has a real impulsive nature to it.
But now we see a push back to challenge the highs again today.
I am going to stand back here to see if the high is rejected or not.
IF the wave count is wrong,
then wave ‘i’ will be invalidated pretty quickly from here.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has slowed to a crawl today with a each advance getting smaller and smaller.
This rally has broken out above the upper line of two separate channels now,
and if this is a throw-over in wave ‘v’ of (c),
then we will see a snap reversal back into the channel again soon.
An extension in wave ‘v’ of (c) should not last long.
So I would like to see the initial drop into wave ‘i’ before the end of the week.

Tomorrow;
watch for wave (c) to show a sign of reversal with a drop into the channel again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has dropped into wave ‘b’ of (ii) today in line with the count.
Wave ‘b’ is holding above the wave (i) low at the moment.
But wave ‘c’ of (ii) should turn higher tomorrow to complete with a break of 73.00 again.
That will close out the correction,
and wave (iii) of [iii] down can then begin.

Tomorrow;
Watch for wave (ii) to complete before the end of this week.
the wave [ii] high must hold.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is holding that lower high in wave ‘2’ tonight,
but I am not going to die on this hill as they say.
I want to see a drop again in wave ‘3’ of ‘iii’ begin before the end of this week.
So it will easy to invalidate this count if it is false.

Tomorrow;
Lets see if wave ‘iii’ down will resume with a sharp drop back below 5900 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has slowed the rally significantly this evening as the top of wave [ii] sets in.
It would be good to see an end to this wave [ii] correction this week.
A drop back into the channel near 31.60 will do the trick.
If that happens,
I will consider wave ‘i’ of (i) of [iii] underway.

Tomorrow;
Watch for a turn lower into wave ‘i’ to hit 31.50 or there about.