Good evening to one and all.

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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I have abandoned the impulse wave down that I ran with last night.
The action today does not fit that scenario now.
Although I can honestly say that there is no perfect fit for this action now!
I have shown a possible ending diagonal variation here with a wedge developing off the wave (a) low.
This will allow for another new high in wave (b) before turning lower into wave (c).
We will see tomorrow if this idea holds up.

The alternate count for wave (i) and (ii) is falling out of favor also.
so I can say that we are in a type of limbo here with the short term action.
I will have to wait a few days before this clears up again.

Tomorrow;
Watch for wave ‘c’ of (b) to top out again and close the wedge in wave ‘5’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is confusing me also with the action today.
I have not changed the wave count here though,
as the next best option here is so far off the mark that I am not even considering it at the moment!
An ending diagonal for wave (c) does not fit at all here.
So I’m afraid that I am going to have to hold off for at least tomorrow,
and see if we get some clarity on this pattern.

Tomorrow;
If the high at wave [b] holds at 1.2525.
Then I will take another look at wave (i) down again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY corrected off yesterdays highs after breaking wave [i].
I am calling this small decline wave ‘iv’ of (iii) at the moment.
The price has regained all the losses this evening,
so this wave count is still on track.
I do want to see wave ‘v’ of (iii) continue higher tomorrow though.
We may not get above 135.00 in wave ‘v’ of (iii).
But I would like to see wave (iii) break 134.68.
This is where wave [iii] will reach equality with wave [i].

Tomorrow;
Watch for wave ‘v’ of (iii) to push higher as suggested and hit 134.68 to complete.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market is likely to hit a turbulent few hours tomorrow after the cpi data is released,
so I am holding my breath on this wave count to be honest!

The Dow lurched higher again today and broke to a new high in this fifth wave of wave ‘c’.
The price has again tagged the upper trend channel line this evening.
and the highs of the session are holding below the 78.6% retracement level so far for wave ‘ii’.
No sign yet of a drop into wave ‘1’ of ‘iii’.
but there is still time here.

Five waves up is all but done in wave ‘c’ now.
Another divergence is developing in the 4hr momentum at this lower high after hitting an extreme in upside momentum in last weeks rally.
So now is a good time to put in a top here for wave ‘ii’.

Tomorrow;
Watch for wave ‘1’ of ‘iii’ to fall back into 32770 again to confirm the reversal is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A small lower high has developed today which I am calling wave ‘b’ of ‘a’.
Wave ‘a’ is expected to trace out three waves down now.
And we should see a break of the wave ‘iv’ low at 1949 again to complete the first leg down of this pattern.

Tomorrow;
Watch for wave ‘a’ to complete three waves down near the previous wave ‘iv’ low at 1949.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

A very strange pattern has developed in wave (iv) over the last few days.
And this seems to have completed at todays lows at 79.35.
The price has spiked higher off the session low again and that does suggest wave (v) is now underway here.
Wave (v) should trace out five waves up near 84.00 again.
And once we get there,
I will look for a turn into wave [i] of ‘3’ again.
Three waves up in wave ‘2’ is almost done.
That means wave ‘3’ is close.

Tomorrow;
Watch for wave (v) to break above 81.80 again at a minimum.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I have shown a possible alternate count for wave ‘c’ tonight after todays bounce.
This count gets rid of the triangle wave ‘b’,
and shows a five wave pattern up in wave ‘c’.
If the market breaks above 4140 again tomorrow,
that will trigger this alternate count.

The lower high does continue to hold tonight so the bearish pattern is still possible here.
Again,
I am going to hold my breath tomorrow to see how the pattern shakes out.
We seem to be approaching a decision point here for the larger pattern.
My short term count is really a now or never setup.
So I am going to see how tomorrow plays out to see if we get a decision.

Tomorrow;
Watch for the top to hold at wave (ii).
Wave ‘i’ must be confirmed with a break below 4000 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is another market that is just stuck in the mud today with little or nothing to go on here.
The price is stuck at the highs of wave ‘iii’ tonight.
But the action today is about as corrective as you can get.
It seems the market is just holding until the cpi data drops to see how to react to that.
I will stick with the main idea for wave [i] for the moment until we get past tomorrow.

Tomorrow;
Lets see if we get a spike into wave ‘v’ of (v) and a reversal later in the week then.