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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is still struggling to get off the ground in wave ‘v’ of (iii) today.
But I have not dropped the idea that wave ‘iv’ is complete at the recent lows.
The price continues to hold above that 1.0734 level,
and as long as that level holds,
then this setup favors a rally in wave ‘v’ of (iii).

Tomorrow;
Watch for wave ‘iv’ to hold at 1.0734.
Wave ‘3’ of ‘v’ will be confirmed with a break of 1.0850.
The minimum target for wave ‘v’ lies at 1.0954.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The low of todays session has actually broken the minimum target for wave ‘c’ at 1.2886.
That level marks the wave ‘a’ lows.
And at the moment the price has bounced back off that low in an impulsive looking move.
It is not an ideal pattern for wave (iv) blue,
but if we see that low at 1.2880 hold again tomorrow that will favor the idea that wave ‘i’ of (v) is underway.

Tomorrow;
Watch for wave ‘i’ of (v) to push above the wave ‘b’ high at 1.2992 to signal that wave (v) is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The USDJPY conundrum continues today!
The main pattern suggests we will see a rally in wave ‘iii’ pink to push above 153.00 in the coming days.
This suggests USD strength,
and that goes against the other 2 pairs which suggest USD weakness.
IT is not impossible,
but unusual, so I will keep a vigilant eye for crack in either count.

Tomorrow;
Wave ‘1’ of ‘iii’ should push above 151.00 to confirm wave ‘iii’ is underway.
the wave ‘ii’ lows at 146.70 must hold for this count to remain valid.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A pretty choppy sideways trade today is reflecting the hesitation in the market ahead of the ‘big tariff reveal’ tomorrow.
It is impossible for me to judge how this is going to play out in the markets.
that is a stretch to far into predicting the future!

The wave count is suggesting that we will see a drop into a third of a third wave over the coming weeks.
But there is a tricky second wave correction to get over first.
And that can develop in many different ways.

A three wave decline happened today in wave ‘b’,
so I am giving a chance for this correction in wave ‘ii’ to push higher at the moment.
The market must hold above the wave ‘i’ lows at 41135 in order for this to remain valid.

Today;
Watch for wave ‘c’ of ‘ii’ to complete three waves up near 42360 and then I will look for a turn lower to begin wave ‘iii’ down.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I am suggesting possible top for wave (v) of [v] at the highs today.
the rally topped out below the 612% extension level at 3173.
and so far that drop off the top has an impulsive look to the action.
I want to see five waves down to break 3000 again to confirm wave (i) is in play.
So there is work to do here before looking for a larger decline.

Tomorrow;
Lets see if that high can hold at wave [v] in what promises to be a bit of a roller coaster day.
A break of 3000 again will be a solid vote in favor of that wave [v] top.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The rally in crude is taking a breather today which raises the possibility that a top is forming in wave ‘2’ now.
There is no conclusive proof of this idea yet,
but I am reasonably confident that a three wave pattern is complete in wave ‘2’.
and that suggests a turn lower into wave ‘3’ is near.
I am looking for a break of 68.00 again to confirm wave ‘2’ is complete and wave [i] of ‘3’ is underway.
And I would like to get that confirmation before the end of this week.

Tomorrow;
Watch for wave (i) of [i] of ‘3’ to fall back below 70.00 again in five waves to signal that a larger turn is brewing.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I might be going out on a limb here with this idea,
but there is a three wave rally in place for wave ‘ii’ at todays highs.
The session high broke above the 50% retracement level of wave ‘i’.
and now the market has dropped off the high with a spike lower this evening.
If wave ‘ii’ pink is complete at todays highs,
then the rest of this week will be hard down in wave ‘iii’ as shown.

Wave (v) blue has the potential to hit 5300 again in five waves.
And wave ‘iii’ of (v) will break 5400 with ease.

There is no telling how the market will react tomorrow,
but this pattern suggests wave ‘iii’ down is the next move.

Tomorrow;
Watch for wave ‘ii’ to hold at todays highs and wave ‘iii’ down to trace out five waves down to break the wave ‘i’ low again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver took another step lower today and the pattern receives a stay of execution for now.
I am not venturing to label this move yet as you can tell that I am completely unsure of this wave (i) idea here.
There is just not enough evidence to support that pattern yet.
I am going to wait until after tomorrows trade to see if a clear pattern develops in the mess that is coming!
If we see a drop below 32.65 again that will boost the confidence level here again.

Tomorrow;
watch for wave (i) down to get moving lower in a more impulsive manner to break 32.65.