Humor me for a moment!

And Jesus answered and said to them: “Take heed that no one deceives you. 5 For many will come in My name, saying, ‘I am the Christ,’ and will deceive many. 6 And you will hear of wars and rumors of wars. See that you are not troubled; for [a]all these things must come to pass, but the end is not yet. 7 For nation will rise against nation, and kingdom against kingdom. And there will be famines, [b]pestilences, and earthquakes in various places. 8 All these are the beginning of sorrows.

9 “Then they will deliver you up to tribulation and kill you, and you will be hated by all nations for My name’s sake. 10 And then many will be offended, will betray one another, and will hate one another. 11 Then many false prophets will rise up and deceive many. 12 And because lawlessness will abound, the love of many will grow cold.

13 But he who endures to the end shall be saved. 14 And this gospel of the kingdom will be preached in all the world as a witness to all the nations, and then the end will come.

When you have a subverted political system like that,
who needs enemies eh!

I would like to say a whole lot about the goings on in Washington over the last few months.
But I will restrain myself for the simple reason that I am not a citizen of the great United States.
And I do not want to be prognosticating about events that are not mine to talk of!

While I was not the biggest fan of president Trump,
in terms of the deficit spending and the willful egging on of a clear and present stock market bubble.
I did actually grow to like his style of handling the media and the complete loonatic communist left.
And I preferred his stance on globalization.
We need a more local world,
not a more global world.

You gotta hand it to him though,
he had a way with words!

I did not want to see the election stolen from him like that either.
Even I,
sitting over here, 3000 long miles away, could see the data skew and call a spade a spade!
There was rampant fraud present there,
no doubt in my mind.

I do know one thing,
God is on His throne today as he was yesterday, and will be tomorrow.
And he laughs at the schemes of the thugs that orchestrated this theft.
He knows all,
and the correct judgement will be passed on all who cheated here.

One final thought,
I have to chuckle a little here knowing what I know about the looming market crash and economic crisis that is just around the corner.
And I think there is no better recipient of the coming torrent of blame and anguish than the president elect!

Good luck with that one ‘big guy’.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is lurching towards a final high in wave [v] this week.
And it looks like we will need a few more days to get to the top of this pattern.

I have switched to a possible ending diagonal this evening for wave [v],
the move out of the triangle wave [iv] is just too convoluted and overlapping to call it an impulse move at this point.
I can see a clear three wave move in wave (iii),
and a flat correction in wave (iv) into the low today.

An ending diagonal will call for another three wave rally to close out this pattern.

Tomorrow;
Watch for 1.2208 to hold at wave (ii).
Wave (v) of [v] should push out above 1.2350 in three waves from here.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is presenting a similar challenge this evening as wave ‘ii’ of (v) is getting very complex now.
The main count still fits which calls for a five wave move into the the wave (v) high.
The price must return higher in an impulse wave tomorrow in order for that pattern to hold.

tomorrow;
Watch for wave (iv) to hold at 1.3429.
And then wave ‘iii’ of (v)should move higher again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY rallied nicely today and is moving higher in an impulsive fashion.
The rally has traced out a three wave move higher so far.
Todays high is labelled wave (iii) of [i].
the price broke initial resistance at 103.88.
and now we must see waves (iv) and (v) trace out to complete five waves up in wave [i] by early next week.
Then we can look for a bullish higher low in wave [ii] which should set up a larger rally again.

Tomorrow;
Watch for wave (iii) and (iv) to complete by Monday evening.
Wave (iv) must hold above 103.44.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am testing the waters for another ending diagonal here in wave [v] again this evening.
The new pattern is just a variation on the theme of a series of three wave moves higher.
Interestingly,
the high of the session today broke the level where
wave [i] and [v] reach equality.
This is another tip of the hat to how extended this pattern is now.

Tomorrow;
The decline in wave (iv) should fall into the wave (i) high at 30590 again in three waves.
And then wave (v) is free to push higher again.

If the price breaks below the 30000 handle again,
that will signal the pattern is closing out sooner than I have shown.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold Wave (a) is still in force this evening as the price simply stalled today.
The price may be stuck within wave ‘b’ of (a) now,
and that wave ‘b’ could either trace out a triangle, or a flat,
it is too early to tell right now.

Wave ‘c’ should follow to the downside again either way,
and then we can expect a decline into the 1880 level to complete wave (a).

Tomorrow;
Watch for wave ‘b’ of (a) to complete soon and then return higher again into wave (b).

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Not much to add here in cable tonight.
The price is holding out at the highs of wave (c) of [v] this evening.
The price is also just tucking underneath the upper trend line of the ending diagonal now.
I will just have to wait and see if this pattern closes out here and returns lower impulsively again.

Tomorrow;
watch for the price to begin to break lower again off this extended high.
A five wave decline will signal wave [i] is in play.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has managed a new all time high this evening.
The price has popped above the upper trend line of the ending diagonal in wave (v) of [v] also.
If the ending diagonal is the correct pattern here for wave [v],
then we are now done and we should see a reversal begin tomorrow.

Tomorrow;
Watch for wave [v] to close out and another sharp drop to begin in wave [i] down.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The action in silver is pretty corrective looking today as the price traced out a small lower high.
This may well be the first move lower to begin wave ‘1’ of (C),
in this case we should see a reversal lower again soon to push into the 25.00 handle again before the end of trading tomorrow.

Tomorrow;
Watch for the high to hold and another drop to occur to break below 26.50 to signal the top is in.