Good evening folks, the Blessings of the Messiah to you on this passion week.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Three waves up off this weeks lows are now complete.
The price is approaching the trend channel line this evening,
and we can see a marked slow in the progress.
At this point it looks like wave (iv) is now drawing to a close and wave (v) should begin tomorrow.

I can’t ignore the fact that wave (iv) is relatively small compared to wave (ii).
So the alternate count views this correction as only wave ‘iv’ within wave (iii).
So there is further downside ahead in both counts.

Tomorrow;
Watch for wave (iv) to complete tomorrow.
Wave (v) will begin with a break of 1.1702 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

There is a slight lower high complete this evening in wave ‘c’ of (ii).
Wave ‘c’ should push above 1.3847 ideally,
otherwise the pattern in wave (ii) will be left unresolved.
A clean break of that wave ‘a’ high will open to door to a reversal into wave (iii) next week.

Tomorrow;
Watch for wave (ii) to complete with a break of 1.3847.
A drop back below 1.3700 again will signal wave (iii) is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY created a lower high overnight after a three wave rise in wave ‘b’ of (iv).
The price has again dropped off that high this evening,
and I suspect wave ‘c’ of (iv) is now underway.
A drop into the lower trend line at about 110.00 should be enough to complete wave (iv),
and then I will be looking for a rally up into wave (v) of [v] of ‘3’ over the coming week.

Tomorrow;
Watch for wave ‘c’ of (iv) to complete at the 110.00 handle again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

After a pretty uneventful week in the Dow,
I am looking at the possibility that wave (b) is already done at this weeks lows.
The pattern is not ideal for sure,
but without any further drop back into the lower trendline to work with,
it may be the case that wave (b) is now complete.

The market is rising again today and we are closing just below the all time high.
A break above this high tomorrow will confirm wave (c) of [v] is underway.

Tomorrow;
Watch for the low at wave (b) to hold at 32963.
A break to a new high is expected tomorrow to begin wave (C).
And wave (c) should push up to meet the upper trend line again in the area of 33800.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Todays rally is encouraging when considering the larger bullish count,
and the idea that wave (4) is due to put in a significant low soon.
But I am just not sure that we are done with the final low in wave (4) in gold just yet!

The rally this week has ruled out the idea that wave [v] is underway.
And I am now leaning in favor of a larger wave [iv] green as shown.

The recent drop into a double bottom looks like a three wave pattern now.
Wave (b) of [iv] takes the low at 1678.
and now wave (c) is underway with a target back at the 1755 high again.

Tomorrow;
Watch for wave ‘v’ of (c) to push up to a double top at 1755.
A failure below that level will signal wave [v] is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Todays action brought a shapr spike back above 61.00 again.
This action suggests we are not done with the wave [ii] correction yet.
And wave (c) of [i] is now underway off todays higher low.
Wave (c) should push above 62.20 again and the we can look for a reversal into wave [iii].

Tomorrow;
Watch for wave (c) to fill the trend channel again and complete a three wave flat correction in wave [ii].
A break of the wave (b) low at 58.80 again will signal wave (i) of [iii] is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

It looks like wave ‘iii’ of (c) is now underway with a break to another new all time high this afternoon.
Wave (c) should trace out a standard five wave rally into the 4120 level over the next few days.
And at this pace,
we should come to the end of wave (c) by the end of next week at the latest.
This count will remain valid as long as the wave ‘ii’ low holds at 3942.

Tomorrow;
Watch for wave ‘iii’ of (v) to continue higher towards the upper trend line.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have switched to a new interpretation of wave [iii] this evening also.
The rally this week is in three waves so far,
and this action fits a correction at the higher degree wave (iv).
This count will hold as long as the price stays below the wave (i) low at 25.82.
And wave (v) of [iii] should fall into the target at 23.12 again.
This is where wave [iii] reaches equality with wave [i].

Tomorrow;
Watch for wave (iv) to top out below 25.20 at the previous fourth wave high.
A break below 24.00 again will signal wave (v) of [iii] is underway.