Good evening to you all, and may the Lord bless you all tonight.

It is interesting how a blow out inflation number leads to a rally in the dollar,
and a drop in the stock market.
You might have thought the opposite would be true!
But that’s how screwed up the whole economic paradigm is now.

nothing is believable,
nothing is true.
its all smoke and mirrors and manipulation from all sides.
jobs numbers are fake,
gdp numbers are fake,
stock market prices are fake,
earnings are fake,
the bond market is fake.
politics is fake.
the medical industrial complex are a bunch of liars, fake.
the military industrial complex are a bunch of pushers.

Its all a house of cards.
War is coming,
collapse is around the corner,
grab your piggy bank and run for the hills.
because a reckoning is upon us now….

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has stopped short of retracing wave [a] to a more standard level today.
Wave [b] only managed a break below the 23.6% retracement level at the low.
The price shot higher out of the recent corrective pattern in wave [b].
And now I think wave [c] is confirmed with that rapid move higher.
Wave [c] should trace out five waves up,
and I suspect wave (i) of [c] is in place at the high.

Tomorrow;
Watch for wave (ii) to hold above that wave [b] low at 1.1374.
Wave (iii) will rally again early next week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

After a break of the recent high this evening at 1.3627
I think it is time to consider the alternate count more seriously now.

I have labelled the hourly chart with the new count,
and I am showing a possible wave [ii] of ‘5’ now underway.
This count still calls for another leg down to complete wave (c) of [ii] with a break of 1.3350 again.
But once that three wave correction in wave [ii] completes,
then I will look higher again into wave [iii] of ‘5’ most likely towards the end of this month.

Tomorrow;
Watch for a three wave rally in wave ‘b’ to complete soon.
Wave ‘c’ down will be confirmed with a break of 1.3490 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY gets an overhaul also this evening.

I am now working on the alternate count on the hourly chart also.
The overnight trade broke above the 115.68 high again and that did trigger the alternate count for wave ‘4’.

AS for now,
I think we should see a three wave correction in wave [ii] complete over the coming week.
I want to see a decline in wave (c) back into 114.123 again at the wave (a) low.
That will create an expanded flat correction in wave [ii].
and a bullish higher low which should result in a large rally into wave [iii] of ‘5’ over the coming months.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market is moving lower this evening with the probability of a top in place for wave [ii] growing again.
It is very early days in this next leg of the pattern.
But if we do continue to see an impulsive decline over the coming days,
then wave (i) of [iii] is in play here.
And God help us if wave [iii] does come in strong.
This could easily be a complete train wreck dead ahead in that scenario.

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to form another lower high and then wave ‘iii’ down to drop back below 34500 early next week.
I do want to see wave [ii] hold at this weeks high.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is really pushing the upper limits of a wave [b] retracement now.
the cpi number gave the market a jolt to the upside this morning,
but now we see the rally cooling again.
I was hoping that wave [c] would get underway this week with an impulsive drop back below 1810 again.
It is possible that happens tomorrow,
but I will be happy if the price just holds below the wave [b] high at this point!

Tomorrow;
watch for wave (i) of [c] to fall again in five waves to turn the tide down into wave [c].

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has been pretty volatile this week in wave [ii] with wild swings in both directions.
Todays trade was no different!
Wave (c) has reached into the band of Fib resistance between 50% and 62% at todays high.
and now the price has spiked lower again.
I am hopeful that this move will be enough to begin wave [iii] down.
But I will need to see a break of 87.50 again to signal wave (i) of [iii] is in force.

Tomorrow;
Watch for wave [ii] to hold at 90.60.
Wave (i) should push back into the wave [i] low at 87.50.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

It was a close call this week but the S&P did not make a new high above 4595.30 at last weeks high.
This fact does allow the previous wave count as a valid interpretation.
So last weeks high can also take the wave [ii] high as shown in red.

That decision is up for debate if you wish!
but todays decline is a step in the right direction no matter what view you take on wave [ii].

Even though this decline is welcome,
it is not enough to call this confirmation of wave (i) of [iii] just yet.

I would like to see a five wave decline to break below that band of support at 4420 – 4446.
The lower level marks the wave (a) of [ii] high.
A break of that level will rule out the idea that the recent rally was impulsive and really add weight to my bearish count.

Tomorrow;
Watch for wave (i) of [iii] down to continue in five waves over the coming few sessions.
I would like to see wave ‘i’ break 4446 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Wave (c) of [ii] rallied into the 62% retracement level of wave [i] today.
And after hitting that level almost perfectly,
the price has now reversed lower again.
Now I really do want to see wave [iii] down gain momentum to the downside over the coming week.
Wave (i) of [iii] should fall back into the the previous wave [i] low near the 22.13 level over the coming days.
And we may even see a new low formed in silver next week as wave [iii] of ‘C’ takes over.

Tomorrow;
Watch for wave ‘i’ of (i) down to continue and break below 23.00.