Good evening folks,

As if the last week was not bad enough, then the big tech symbiotic tyranny woke up this weekend and decided to stomp on free speech just for good measure!

I have said it before, and I am not happy about it, but now it seems impossible to avoid, the rift is not just growing naturally between the left and right side of the political spectrum;

It is being torn apart on purpose with a great big crow bar!

And the tech oligarchs that are orchestrating the silencing of opposing views, will end up being the ones that actually facilitate the destruction of a free country

Each side is entrenched now, and the battle lines are drawn.

God help us all………

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The pattern off the high in EURUSD is progressing but we do not have a clear five wave form in place yet I think.
I am showing an extension in wave (iii) that is not yet complete.
And this pattern calls for wave ‘iv’ to correct and then a decline again in wave ‘v’ of (iii).
In this case there is more room to the downside left for the rest of this week to complete wave [i] down.

Tomorrow;
I want to see the price hold below 1.2212 at the wave ‘i’ low until wave (iii) is complete.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has only created a three wave corrective pattern off the high so far.
At this point is is quite likely that wave ‘iv’ is still in operation.
The price has held above the swing low at 1.3429 and this suggests wave ‘iv’ is now over.
Wave ‘v’ of (v) should push higher again above 1.3704 in three waves to complete the diagonal pattern.

Tomorrow;
Watch for wave ‘v’ to push above 1.36 to confirm the short term pattern.
Three waves up to break 1.3704 is the aim over the next few sessions.

only a break of 1.3107 will invalidate the ending diagonal pattern.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I wanted to see wave [i] to push above 104.56 at the previous wave [iv] high before completing.
This was not an iron clad rule for wave [i],
but it definitely would favor the idea of a changing tide here if we did break that wave [iv] high.

There is a reasonable five wave pattern now in place this evening in wave [i].
Wave (v) of [i] seems to be a small ending diagonal also,
and the reversal this evening is now the beginning of wave [ii] as shown.

Tomorrow;
103.59 is the initial target for wave [ii].
This is the previous fourth wave low of one lesser degree.

If USDJYP is on the verge of a major reversal here,
then I do not want to see a deep correction off this high in wave [ii].

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has traced out a three wave decline into the session low today.
So it is possible that wave (iv) of [v] is now complete at this low.
The price has again rallied this afternoon so wave (v) of [v] is underway,
and this wave should continue higher in three waves to a new all time high this week.

This pattern is getting very full here,
so if the wave count is correct,
then this week may be the end of the road for the biggest stock market rally in history.

Which should make for an interesting week at least!

As a matter of interest,
we have now broken two separate wave length equality markers lately,
wave [i] = [v] at 31144.
And at the next higher degree,
wave ‘1’ = ‘5’ at 30670.

More evidence of a full pattern here.

Tomorrow;
Watch for wave (v) to trace out three waves up into that final high.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

We are at a very strange moment here in the developing gold pattern.
Here is the problem!

The market is either finished a bullish higher low at wave [ii].
Or;
the market is about to create a bearish lower high in wave [ii] as per the alternate count!

I am leaning towards he bullish count at this time.
The spike higher off the wave [ii] low today can be viewed as the beginning of wave (i) of [iii].
In this case we should see a five wave rally back towards 1900 by midweek.

Tomorrow;
If the price fails to rally into wave (i) by Wednesday evening,
and instead we see a corrective move sideways followed by a break of 1817 again,
then I will have to switch to the alternate count as shown on the 4hr chart.

Watch for 1817 to hold.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I want to see five waves down this week to begin wave [i] and and a larger decline into wave ‘5’.

The price has filled out the wedge pattern now in wave ‘C’,
so the next step is for price to fall back into the lower trend line in an impulsive fashion.
A break of the lower trend line would occur at about 49.00,
That will be the initial move I am looking for to choke off the rally and turn the tide.

Tomorrow;
Watch for the price to turn lower in a meaningful way this week.
Five waves down would be ideal.

It woule be nice to see both the stock market and crude oil turn within the same week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

It is actually a pretty similar pattern in the S&P also today.
With wave [v] slowly but surely tracing out and ending diagonal pattern over the last few months.

Here we are with a small throw-over above the top of the upper trend line today.
It would be ideal if the market turned this week!
But I can only speculate at this point.

The main point of interest lies at the wave (iv) low of 3659.
A break of that level will indicate that a turn into wave [i] down is in play.

Tomorrow;
I will just wait for an impulsive move lower to begin this week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has stopped falling today and recovered slightly back to the 25.00 handle again.
This respite looks corrective so far in wave [iv] green.
and I am allowing for one more drop in wave [v] to complete wave ‘1’ of (C) soon.
We should see a corrective rally begin in wave ‘2’ this week,
but I cannot tell how large this will be at the moment until wave ‘1’ down is done.

Tomorrow;
Watch for wave [v] of ‘1’ to complete with a break of 24.30 again before turning higher into wave ‘2’ later in the week.