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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Wave (c) has become the most reluctant and delayed reversal since god knows when.
EURUSD is still holding a lower high today which keeps the flame lit for this reversal.

I know this is a little risky,
but the lower high can be viewed as wave ‘1’ and ‘2’ of ‘i’.
Wave ‘i’ pink must turn lower to hit the previous wave ‘b’ low at 1.1200 to confirm the larger pattern.

Tomorrow;
Watch for wave ‘3’ of ‘i’ to drop back below 1.1300 and wave ‘i’ must retrace much of that wave ‘c’ rally.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The same frustrating delay has a grip on cable tonight.
the price is close to hitting the invalidation line at wave (b) at 1.3590.
If that level breaks then wave (c) will be postponed,
and the pattern moves back a step into wave (b) blue again.

Tomorrow;
Watch for wave ‘ii’ to hold below 1.3590 at the wave (b) high.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I may be premature in this change of heart tonight.
but the action has again failed to run higher into wave ‘c’ of ‘b’ as expected.

Last nights wave count now becomes the alternate count.
And wave ‘c’ of (v) is underway with that turn lower today.

Wve ‘c’ of expected to fall back below 139.80 to complete the larger ending diagonal wave [c] green.
And from there we should see a turn higher to begin a larger rally.

Tomorrow;
Watch for wave ‘c’ of (v) to fall in five waves as shown over the coming week.
a break of 142.13 again will favor this idea.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market continues on its blinked way today.
It does not seem to matter what the reality of the situation is economically.
Dismal projections come out day after day regarding debt, employment, bankruptcy, delinquency etc etc.
But not a budge does the market make.

I don’t know why I am surprised about that fact!
But there it is nonetheless.

I am waiting for this lower high second wave to turn into a third wave drop to finally kick off wave [i] down.
At the moment the market seems completely oblivious to a third wave decline possibility.
Maybe that is a good psychological setup.
But we will see.

tomorrow;
Watch for a sign that wave ‘iii’ is beginning with a drop below 41800 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Looking at the action today I am leaning towards a triangle pattern in wave ‘iv’ of (c) now.
the price is stuck in a sideways range over the last few days,
and the action fits a contracting triangle pattern.
In this scenario wave ‘iv’ will continue sideways for tomorrow at least,
and then wave ‘v’ of (c) will turn higher after that.

Tomorrow;
Watch for wave ‘iv’ of (c) to close out a triangle pattern by tomorrow evening and then Friday will bring a rally into wave ‘v’ as shown.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude makes another attempt to move lower out of wave (ii) blue today.
But I cant read much into this move yet,
Given the fact that we have seen numerous false start attempts at a decline into wave (iii) over the last few weeks.
I want to see wave ‘i’ of (iii) drop back into the 60.00 handle again soon in order to shift the action back in favor of the downside.

Tomorrow;
Watch for wave (ii) to hold below 64.13 again.
Wave ‘i’ down is a long time coming,
so lets see if this attempt actually does turn the market back into wave ‘i’ of (iii).

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market has achieved exactly nothing today with a dead trade at the top of wave (v) again.
I suppose we can say that the heat has disappeared from the market at least.

I am noticing headlines all over about the new high that is just about to happen in the market,
now that all that nasty uncertainty is gone regarding tariffs and the like,
nothing but clear skies and plain sailing ahead!

Tomorrow;
I can’t change my outlook here just because the market has inched forward over the last few weeks,
the lower high in wave ‘B’ is still intact.
And that leaves the door open for wave ‘C’ down to begin.
Lets see if that can begin this week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has traded flat today also,
but the lower high is holding below this weeks top at wave (i).
So the market should turn into wave (ii) before the end of this week ideally.

Tomorrow;
The current idea suggests wave (ii) is underway with wave ‘c’ left to drop into support near 33.70 again.