Good evening folks, And God Bless you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Well, wave [ii] has come in today as suggested by last nights count.
Todays rally seems to be only wave (a) of [ii],
so we can expect wave (b) and (c) of [ii] over the next few sessions.
This should trace out a three wave structure higher and setup for a larger turn down into wave [iii].

Tomorrow;
Watch for wave (b) to form a higher low above 1.2054,
and then turn higher into wave (c) later in the session.
The initial target for wave [ii] lies with a break of 1.2179.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is holding above the trend line again today.
And the price should be on its way to a new high to complete wave ‘v’ of (v).
The minimum target for a wave ‘v’ is for a break of the recent high at 1.3712.
This action will will complete a three wave rally into that final high.

At that point we will have a nice neat pattern in place at that high,
and then I will be looking lower again to begin wave (i) down.

Tomorrow;
Watch for price to hold above 1.3518.
And then wave ‘v’ to complete above 1.3712.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave (b) is moving towards the triangle pattern after todays action.
I have shown wave ‘e’ of (b) completing at about 104.00 flat,
before wave (c) takes over and declines below 103.50 to complete.

This all depends on wave (b) holding the triangle pattern tomorrow also.
That is still up for grabs at the moment.
So we will just have to wait and see.

Wave [ii] does need one more low to complete three waves down as shown.
And then we can look higher again into wave [iii] at the end of the week.

Tomorrow;
Watch for wave (b) to complete early tomorrow.
Ideally wave (c) will begin by tomorrow evening.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow has traced out a three wave rise off the wave (iv) low at the session high.
Wave ‘a’ of (v) is complete at that high,
with wave ‘b’ now underway with the drop off todays high.
Wave ‘b’ should hold the trend line as it complete a small three wave correction lower.
and then wave ‘c’ is expected to rally again to a new all time high.
This action will complete the ending diagonal pattern in wave [v] green.

Tomorrow;
Watch for wave ‘b’ to hold above last Fridays wave (iv) low.
Wave ‘c’ may even begin tomorrow evening also.

This pattern is drawing to a close now,
the trap door moment may be days away now!

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has a small three wave pattern in place today after a sideways drift off Mondays high.
It is possible that wave (b) has traced out a three wave running flat pattern.
If the price continue higher tomorrow and breaks above 1857 again,
that will indicate wave (c) is underway.
That wave (iv) high at 1857 is the minimum target for wave (c).
But the 50% retracement level lies up at 1880.
That gives us a reasonable target range to expect wave [ii] to complete in.

tomorrow;
watch for wave (b) to complete as a running flat at todays lows.
If wave (b) extends lower,
we should see it complete above 1802 at a minimum.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Whether we look at the main ending diagonal wave count
or the alternate standard five wave impulse wave higher for wave [v] green,
it seems no doubt that we are at the end of the road for this pattern now.
The short term count allows for that last push above 54.00 again to complete five waves up in wave (c).
And then we are looking at a large reversal beginning into wave (5) over the coming months.

right now I am just waiting for this top to form in wave (v) of [v],
and then I will be changing tack to look lower again into wave [i].

There is every possibility that the turn can happen this week.

Tomorrow;
Watch for wave ‘v’ of (c) to break to a new high above 54.00 again and then I will be looking for signs of a reversal.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

We saw a pretty flat trade as we finish this evening.
the market did create a three wave pattern into the small low this afternoon though.
the price has popped higher out of that low this evening,
so there is a reasonable chance that wave ‘b’ of (v) completed at todays lows as shown.

Wave ‘b’ can always fall lower again,
but as long as the price holds above the wave (iv) low at 3748,
then we are still on course to create that final high in wave (v) this week.

Tomorrow;
Watch for wave ‘b’ to hold at the session low today.
Wave ‘c’ of (v) of [v] should head higher soon and create a new all time high in the process.

When three waves up completes in wave (v),
then I will start looking for the market to turn lower again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The price is coming off the high of wave [a] this evening.
I am looking for a three wave decline into wave [b] to occur and that seems to be underway now.
Wave [b] should hold above the wave ‘1’ low at 24.03.

Wave [c] is then expected to run higher again into the previous fourth wave high at 25.88.
The 50% retracement level is also close by at 25.96.
So that gives us a solid target area for wave [ii] to complete this week.

Tomorrow;
Watch for wave [b] to fall in three waves and complete above 24.02 on the low end.