Good evening folks, the Lord’s Blessings to you all.

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Very little action today and the session end up flat.
I have shown a possible alternate count for wave (iii) and (iv) on the hourly chart.
This count is viable even now,
and the invalidation level for the alternate count lies at 1.0876.

Tomorrow;
Watch for wave ‘v’ to take over and drop back into the minimum target level at 1.0694.
1.0846 must hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has corrected lower today which means this new count is still viable.
Wave ‘c’ of (iv) can turn higher again tomorrow to hit the minimum target t 1.2686.
And from there I will look lower again into wave ‘iii’ of (iii).

Tomorrow;
WAtch for wave ‘c’ to complete this wave ‘ii’ correction as shown.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave ‘ii’ is holding above the support at 149.49 again tonight,
so wave (v) remains a valid count.
I do want to see a rally in wave ‘iii’ of (v) take over tomorrow that carries into the 152.00 area.
And Tuesdays wave ‘ii’ low must continue to hold.

Tomorrow;
Watch for wave ‘iii’ of (v) to break out above 150.88 to confirm this count.
149.49 must hold.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The price action in the DOW is getting messy today
and there is no real attempt to move lower into wave ‘i’ of (iii) yet.
This action could correct tomorrow and drop into support at 38190,
but I am losing confidence in the overall wave count off the top now.
In order to give this scenario a boost,
I want to see a solid drop off the highs to break 38190 again at wave ‘b’.

Tomorrow;
Watch for wave (ii) to hold again.
Wave ‘i’ of (iii) must make progress lower into support.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A very small correction sideways today in gold is in line with the new count for wave (ii).
I would like to see a little more downside in wave ‘2’ of (c) to create a larger corrective pattern.
A drop into the 2000 level would suffice,
and then I will look higher again into wave ‘3’ of ‘c’.

Tomorrow;
Watch for wave ‘2’ of ‘c’ to complete near 2000 and then turn higher into wave ‘3’.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The wave ‘ii’ correction has held above the wave (iv) low at 75.48 again today,
and the price did manage a small rally out of the corrective low this afternoon.
This action favors the main count,
but the price must continue above the 79.22 again to confirm this count.

Tomorrow;
Watch for wave (v) of [c] to continue higher in a five wave pattern as shown with the minimum target at 79.22.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has made its way lower today into the wave ‘b’ low at 4955.
This is a welcome development,
but the action lacks the impulsive nature of a third wave so far.
And that makes me quite reserved when thinking about the pattern.
I am willing to give this pattern as much time as possible to develop into that wave ‘iii’ of (i) as shown.
A break of the wave (i) low at 4919 will be required to before the end of this week I think.
If that happens,
then we will be better setup for a larger move next week to complete wave (i) down.

Tomorrow;
Watch for a continued decline in wave ‘iii’ of (i) as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver took another small step lower today in line with the wave ‘a’ count.
I am looking for a clear five wave decline into wave ‘a’,
but this pattern is not set in stone.
In general,
wave ‘a’ can also trace out three waves down.
And that leaves this pattern open to debate until the wave count is settled.

So far the idea of a three wave flat correction in wave (iv) is solid.
And the recent declines off that top are suggesting wave (v) is underway.
So we can stick with this pattern for tomorrow anyway.

Tomorrow;
Watch for wave ‘a’ of (v) to continue lower in a five wave pattern.
Wave ‘a’ should retrace much of the recent wave ‘c’ rally.
So that gives us a target near 21.90 to complete.