Good evening to one and all.

The Lord’s Blessing’s to you all again tonight.

I did not even realize that the market was closed in the U.S today so todays action was pretty uneventful as a result.
I will do a run down on the charts anyway,
and leave the week off with a comment on Mondays options.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The EURUSD is flat from last Friday with a fair bit of oscillation in between!
But essentially the market is going nowhere fast.

I am still suggesting a possible ending diagonal wave ‘c’ of (b) as the main count,
with three waves up into wave ‘5’ of ‘c’ completing this week.
I cannot confirm that view yet because price has not fallen back into wave ‘i’ of (c) yet.
But a break of that 1.0787 level again should be enough to call this a top for wave (b) and wave (c) underway.

Monday;
watch for wave ‘i’ of (c) to break below 1.0787 to confirm the turn into wave (c).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I know its hard to make anything impulsive from the last few sessions,
but we could be talking about a leading wedge pattern in wave ‘i’ of (i).
This will take a sharp move lower to break 1.2274 again to confirm this idea.
but the price has come down far enough now to at least consider the idea that wave [b] is finally done here.

Monday;
Watch for wave (i) to continue lower next week in five waves.
Wave ‘iii’ of (i) should break 1.2274 to confirm the pattern.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is inching higher off the recent lows at wave [ii] again.
so there is chance that we have seen the end to this correction now in wave [ii].
and wave [iii] can begin next week.

Monday;
I am looking for wave (i) to hit the previous wave (b) high at 133.16 to confirm the count.
so lets see if Monday can bring that rally out of the danger zone of wave [ii].

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Of course there is not much that I can say about todays action because the market was closed.
I have noticed a possible triangle pattern developing over the last few sessions,
so we could see a final fifth wave to complete wave ‘c’ of ‘ii’ near 33800 at the 78.6% retracement.
this would be a last gasp rally though,
and wave ‘1’ of ‘iii’ simply must take over after that.

Monday;
Watch for wave ‘1’ of ‘iii’ to fall back below 33000 again to signal the top is in for wave ‘ii’ already.
The high at wave ‘iii’ should hold at 33687.
A break of that level will trigger the alternate wave ‘c’ count.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has traded flat for the last 2 weeks now and this has caused another glaring bearish divergence on the 4hr chart now.
A new high on declining momentum does indicate a completing pattern.
So lets see if we can roll over into wave (ii) soon.

Monday;
The triangle wave ‘iv’ is complete.
Wave ‘v’ of (i) can create one more high before turning lower into wave ‘a’.
Wave ‘a’ of (ii) should fall into that wave ‘iv’ low at 1949 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Another flat day suggests the triangle in wave (iv) is still in play here.
Wave (v) of [c] should top out at about 84.00 again.
And then I will look for wave [i] of ‘3’ to begin.

Monday;
Watch for wave (v) of [c] to compete with a break above the wave (iii) high at a minimum.
Once the price reverses below the corrective range of wave (iv) again that will signal wave (i) of [i] is in play.
A break of the wave (i) high at 72.72 again will confirm wave ‘3’ is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Very light volume in the after market trade as created a three wave rise to a lower high.
The top of wave ‘c’ is very close now,
so I cant read much into this action as it can all be wiped out very easily now.
A decline on Monday will of course give some hope that wave ‘i’ of (iii) has begun.
But it is just too close to call here!

Monday;
Watch for wave ‘3’ of ‘i’ to fall back towards 3950 to signal the top of wave (ii) is in.
The early action next week is crucial for this pattern.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver looks very like a market at the very end of its rope here.
This rally ahs gone too far too fast here and I really am tired anticipating the turn into wave [ii] now!
It is at this point in any rally that I know a turn is closer than you might think.
Just when all have discounted any sort of significant pullback,
then it come with a bang.
These dynamicas never seem to change.

Monday;
I have been allowing for a top in wave ‘v’ of (v) and that seems likely now.
The actoin over the last few days looks corrective in a fourth wave.
So one last break of 25.12 to turn the tide on the rally and begin wave [ii] next week.