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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is still moving higher in line with wave ‘c’ of (b).
The price has hit the minimum target by breaking the wave ‘a’ high,
but wave ‘c’ has not completed a five wave pattern higher yet.
I am going to stick with the target level for wave (b) at the 62% retracement level unless proven otherwise,

Tomorrow;
Watch for wave ‘c’ to top out near 1.0970 and then turn lower into wave (c).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is pushing the limits of this wave count now!
Wave ‘ii’ is still holding below the invalidation level at 1.2773.
so for the moment I can stick with this idea.
A break of that level will force a rethink of the larger pattern again.
so I am just going to let the price action reveal a little more before doing anything drastic.

Tomorrow;
Watch for wave ‘ii’ to hold below the wave (ii) high.
Wave ‘iii’ must turn lower to save this count.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Start on the 4hr chart tonight.
I have switched to the alternate count for wave [i] and [ii] tonight.
The price action seems to favor the larger correction in wave [ii] now after a drop back below the support today.
I am now tracking a three wave decline in wave [ii] of ‘5’.
Wave [iii] will begin once we have this correction in the bag next week.

on the hourly chart you can see how wave [ii] is progressing so far.
Wave (c) of [ii] should trace out five waves down,
and I am looking at a low for wave (c) of [ii] near the 147.00 handle again.
If the price turns higher and breaks above 150.90 again that will signal wave [iii] of ‘5’ has begun.

Tomorrow;
watch for wave (c) of [ii] to trace out a five wave decline towards the 147.00 area to complete later this week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Three waves down in wave (iv) is holding at todays lows of 38450.
It remains to be seen if wave (v) can rally in three waves over the coming days to hit a new high and complete the pattern.
For the moment,
this count holds,
and we can allow for one more high to close out this wave count in wave (v).

A rapid drop back below 38000 again will open the door for a reversal pattern again.

Tomorrow;
Its getting pretty close this evening as I write,
but,
Watch for wave (iv) to hold at 38450.
Wave (v) must continue higher tomorrow to confirm this idea.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave ‘iii’ of (iii) has done enough this week to call that wave complete.
This pattern now needs a pull back in wave ‘iv’ of (iii).
A drop back into the 2120 level will do just that.
Then the price must turn higher again into wave ‘v’ of (iii).

Tomorrow;
Watch for wave ‘iv’ of (iii) to begin to correct lower for the rest of this week.
Three waves down into 2120 is the expectation at the moment.

A break below 2034 again at wave ‘i’ will invalidate the bullish count.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil push up close to the wave ‘2’ resistance today and that did cause me a moment of hesitation,
but this evening the price has fallen off the session high again.
The wave ‘2’ top is safe for the moment,
And now we need to see a solid decline in five waves to break 75.00 again in wave (iii) of [i].

Tomorrow;
Watch for wave ‘2’ to hold.
Wave (iii) of [i] must fall in five waves from here to break the wave (iv) low at 75.76 at a minimum.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has rebounded to a lower high today and so far this action fits both wave counts.
The decline in wave ‘iv’ is now complete,
and the rally today is in line with wave ‘v’ of (v).
Wave ‘v’ should break out above the wave ‘iii’ top at 5150.
And then I will look for a possible reversal into wave (i) down.

As for that alternate count,
if the market fall in a sustained fashion tomorrow that will favor that wave (i) idea.

Tomorrow;
watch for wave ‘iv’ to hold at the session low today.
wave ‘v’ should break to a new high to complete the larger wave (v) blue.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver actually managed to push higher today which has strengthened this short term count a little.
The bullish pattern is still building here,
although we are at an early and vulnerable stage.

Wave ‘iii’ of (i) has traced out five waves up at todays highs.
And that has completed the pattern for now.
I am looking for a small correction into wave ‘iv’ of (i) over the next few days,
as long as the price holds above 23.50 at wave ‘i’,
then we can stay with this bullish idea.

Tomorrow;
Wave ‘5’ of ‘iii’ can push higher again before completing,
the higher wave ‘iii’ goes,
the safer this count gets.

Watch for wave ‘iv’ of (i) to create a small correction back in three waves.
Wave ‘i’ must hold at 23.50.