Good evening folks and the Lord’s blessings to you.

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A three wave pattern in wave ‘b’ is still in play tonight.
the price is slowly making its way towards 1.14.00 to complete three waves up.
And once the price fills the channel in wave ‘b’,
we should see a reversal into wave ‘c’ down.

Tomorrow;
Watch for wave ‘b’ to complete with a break above 1.1400 and then reverse into wave ‘c’.
wave ‘c’ will be confirmed with a drop below 1.1265 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The rally in cable today has broken out of the pattern I was suggesting.
The price is still holding a lower high at the moment.
so wave ‘b’ is still the most likely possibility here,
but I want to see an early drop below 1.3250 to confirm wave ‘c’ is underway.

Tomorrow;
watch for wave ‘c’ to fall back into the wave ‘a’ low at 1.3250 to confirm the wave (a) pattern is still underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am back to the drawing board tonight in USDJPY because of that drop off the high again today.

Take a look at the 4hr chart first.
Wave [c] of ‘2’ must be extending lower now.
After a three wave correction higher into wave (iv) over the last week.
the price has now turned lower into wave (v) of [c] again.
Wave (v) must now break to a new low under 139.85 to complete wave ‘2’.

And from there I will turn my attention higher again for the longer term.

Tomorrow;
watch for wave (v) of [c] to trace out a five wave pattern lower to break 139.85 over the coming days to complete this pattern.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A drop off the high today is a hint at a possible bigger shift off the wave ‘B’ top.
It is early days of course,
and wave (i) down should break that 40000 level again at wave (iv) to be proved correct.
So lets just watch for a five wave decline to achieve that minimum target level over the coming days.
If that plays out,
then I think we can plan for a larger move to begin in wave [i] of ‘C’.

Tomorrow;
Watch for wave ‘B’ to hold at the recent highs,
and wave (i) of [i] should continue lower to prove itself with a break of 40000 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Take a look at the 4hr chart to start with tonight.
This is the alternate count for GOLD at the moment.
It involves a more extended pattern for wave [v] green to complete the larger wave ‘5’ in red.
I am afraid that this count has now received a boost today after that rally.
And I may be forced to wait a while for wave [3] black to close out if this count is correct.

The main count on the hourly chart has not been invalidated just yet.
But it is vulnerable at the moment.

Tomorrow;
Watch for wave [b] to complete a lower high and then rapidly turn lower into wave [c].
Wave [b] must top out soon to avoid invalidation.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude put in a solid rally today to reach back to the previous wave (iv) high.
This rally is labelled wave (a) of [ii].
Wave (b) will fall from here in three waves to form a higher low if this count is correct.
and wave [ii] will continue on into next week I suspect.

Tomorrow;
Watch for wave (b) of [ii] to fall off in three waves over the coming days to form a higher low back near 57.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am stuck between two stools here with the S&P to be honest.

The action off the recent top in S&P actually looks like a three wave form at the moment.
But I am giving the benefit of the doubt to the main count at the moment.

The DOW looks like it is beginning a larger turn down.
And this market will follow if that happens.

So don’t hate me if we see another pop in wave (v) of [c] to complete this idea first.

Tomorrow;
If the market drops again to break 5500 that will be a strong signal that wave (i) of [i] is in play,
If that does not happen early in the session,
then we should expect another pop to finish wave (v) of [c] again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is causing me some headaches tonight.
I just cant let go of the wave (ii) idea yet.
I very well could be proved wrong on this one,
but at the moment we have a three wave rally into this lower high.
I am calling this wave ‘ii’ pink,
and wave ‘iii’ simply must begin tomorrow.

Tomorrow;
this rally must stop now.
And wave ‘iii’ of (iii) must drop back below 31.67.

that is a whole lot of must,
and I am gritting my teeth here.
Lets see how it goes.