[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Good evening all.
[/vc_column_text][/vc_column][/vc_row]
[_s2If current_user_can(access_s2member_ccap_eurusd)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
EURUSD
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The price continued to drift weakly off Fridays high today.
The action fits neatly within a trend channel so far,
so this is still regarded as a correction within wave ‘c’ of (ii).
Another rise into the 62% retracement level would be ideal to complete the correction in wave (ii).
Tomorrow;
watch for wave ‘c’ to complete with a top in the area of 1.1344.
A break below 1.1228 will signal a turn into wave ‘i’ down.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_gbpusd)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
GBPUSD
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Cable is beginning to lean towards the alternate count
after another dead days trading
1.2986 is the key level for the short term pattern.
A break of this level will signal a shift into wave (iii) down.
Tomorrow;
The action over the last few weeks needs to be resolved with a decisive move which will make sense of the patter.
An acceleration lower will suggest wave ‘3’ is finally underway.
Watch 1.2986 for a break.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_usdjpy)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
USDJPY
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The price seems to be correcting off the recent high just below resistance.
so far we have a sideways three wave move.
This could be a minor fourth wave correction within wave ‘i’.
A break above resistance and a reversal lower again will confirm this idea.
We are close enough to a complete wave ‘i’ up
that it is worth preparing for a short term correction into wave ‘ii’ anyway.
Tomorrow;
Watch for wave ‘i’ to close out and a return lower into the trend channel again in wave ‘ii’.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_dow_jones)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
DOW JONES INDUSTRIALS
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
It looks like wave (iii) of [iii] got underway today.
The market gaped higher this morning in a possible wave ‘i’ of (iii).
The recent high at wave [i] wave broken,
And prices then corrected off that high for the rest of the session in wave ‘ii’.
If this is wave (iii) of [iii] now underway,
then price must hold above the wave (ii) low at 26310
for the remainder of the rally in wave [iii].
Tomorrow;
26310 is short term support at the wave (ii) low.
Watch for wave ‘ii’ to complete and wave ‘iii’ of (iii) to carry higher again tomorrow.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_gold)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
GOLD
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
GOLD is breaking my heart these days!
The alternate count was triggered today with a break of 1281.
The price is heading lower in wave (c) of [ii].
Wave [ii] is now creating a double combination pattern,
So wave (c) blue should trace out a three wave form as shown.
Wave ‘c’ of (c) should create a five wave decline into about 1259.
At this point wave (a) will equal wave (c) in terms of points traveled.
Despite this short term setback.
GOLD is still set to shine again in the next leg up.
Tomorrow;
Watch for wave ‘c’ of (c) to trace out a five wave decline into support.
We should find the final low of wave [ii] this week.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_crude)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
U.S CRUDE OIL
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Crude is rallying into the close this evening
and threatening the recent highs again.
Another bout of fresh speculation may be about to grip the market and break to a new high.
If so,
that new high will not last long.
wave (2) is on its last legs now,
and the turn into wave (3) down will crush this over optimistic market.
All we need is an impulse wave structure to the downside to give us the signal.
4hr momentum has already diverged negatively over the last two weeks
even as price has continued to rally.
And price is struggling to break out of the 62% retracement level.
The dominoes are falling one by one for crude.
Tomorrow;
Watch for the recent high to hold at 64.79.
A decline below 63.10 will signal wave ‘iii’ of (iii) is underway.
Tomorrow;
This week will again be focused on a five wave decline to confirm that we have a top in place.
If that happens
then we can get prepared for that big move lower on the cards.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_us10yr)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
US 10 yr Treasuries.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The 10YR dipped again today in what I think is still wave ‘i’ of (iii).
Wave ‘ii’ should create a more substantial correction higher than Mondays small recovery.
So I will wait for wave ‘ii’ to do just that over the coming days.
Tomorrow;
Watch for wave ‘ii’ to begin and carry high in three waves to about 123.30.
Then we will be ready for an acceleration lower in wave ‘iii’ of (iii).
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_silver)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
SILVER
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Despite Gold reaching new lows today,
Silver has held above the support at 18.84 and rebounded slightly.
It’s way too early to call a turn in Silver,
but if we see a five wave rally higher in wave ‘i’.
Then Gold will not be far behind.
The recent low at 14.84
is just above the 62% retracement level of wave (i) blue.
Momentum is turning positive also off a series of extreme lows.
So we are in the right place for a bottom to form for wave (ii).
Tomorrow;
Watch for 14.84 to hold and wave ‘i’ up to continue higher.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_sp500)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
S&P 500.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The S&P has completed a five wave structure at today’s highs in wave (v) grey.
At this point we have a clear five waves up in wave [iii] on display.
And today’s high carried wave [iii] to equality with wave [i] green at 2916.
The market is dropping now again off that high,
and this is viewed as the initial decline into wave [iv] of ‘5’.
Wave [iv] green should find support at the previous fourth wave low of 2872.
Tomorrow;
Wave [iv] is likely to be in force for the remainder of the week.
Wave (a) is now underway so it should continue lower tomorrow.
Wave [ii] traced out an expanded flat correction,
so wave [iv] should either be a triangle or a simple zigzag.
We will have to wait and see on that front.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[vc_row][vc_column][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row]