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

We’re back!

the site was done last night for some reason, I spent the day on hold listening to crappy elevator music trying to get this sorted, but we got sorted! Thanks be to GOD!

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has fallen in three waves off the wave ‘a’ high now.
Wave ‘b’ is now complete and a higher low is in place above 1.1065.
The pattern is working well so far,
and wave ‘c’ of (b) should turn higher no Monday to target the wave (b) high near 1.1300 again.

Tomorrow;
Watch for wave ‘b’ to hold above the recent lows at wave at 1.1065.
And then wave ‘c’ should turn higher again from there.
A break above 1.1267 will signal wave ‘c’ is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Wave ‘b’ has traced out three waves down off the wave ‘a’ high now.
I am looking at a low for wave ‘b’ near 1.3220 to fill the trend channel.
but the price has broken the recent wave ‘a’ low even now,
that completes the minimum target for wave ‘c’ of ‘b’.
So we may see an earlier run higher into wave ‘c’.

Monday;
Watch for wave ‘b’ to hold above the wave (a) low at 1.3138.
Wave ‘c’ must turn higher as shown with a target near 1.3400 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is still working on a lower high to prove that wave (iv) is back in charge again.
Wave ‘ii’ is working its way higher today as part of a running flat correction I think.
This suggests a higher in wave ‘ii’ near 147.00 again on Monday at the wave ‘ii’ high,
and then wave ‘iii’ down should begin from there.
Wave ‘iii’ should fall below 142.00 again before midweek.
And if this count is correct,
then wave (v) blue should complete by Friday evening.

Tomorrow;
Watch for wave ‘ii’ to complete below 148.66,
and wave ‘iii’ down should begin from there.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has reached a new high in wave (v) of [c] after a further pop this evening.
All the indications are that wave [c] has run its course now,
with wave (v) completing a three wave internal pattern.

The internal pattern of wave [c] can be interpreted two different ways as an ending diagonal.
Both scenarios suggest wave [c] is just about done here.
In fact the pattern I am showing is the more forgiving version.
And even here we are touching a high in wave ‘c’ of (v) of [c].
So there is not much room left in the pattern for a continued run higher here.
Wave ‘B’ should be done now.
And wave ‘C’ down must begin next week.

Monday;
Watch for wave (v) to close out and then a reversal into wave (i) should begin from there.
I want to see a drop into 41000 in wave (i) of [i] of ‘C’.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has traced out a higher low today in wave ‘b’ of (a)
and the price should continue higher as wave ‘c’ of (a) takes over next week.
I am looking for wave ‘c’ to hit the 50% retracement level at 3300 to complete wave (a).
And from there I will look lower again to begin wave (b).

Monday;
three waves up in wave (a) should top out near 3300 again as shown.
Overall next week should bring a larger three wave rise into wave [b] with a target for that wave at 3430.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Three waves up in crude oil today has completed a lower high in wave (i) now.
This rally must complete now in wave (ii).
And from there we should see a turn lower into wave (iii) as shown.
A break of the wave (i) low at 60.00 again will signal wave ‘i’ of (iii) is underway.

Monday;
Watch for wave (ii) to hold below the wave [ii] high at 63.50.
Wave ‘i’ of (iii) must turn lower on Monday to break the wave (i) low at 60.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market has retraced to the 78.6% fib of the initial wave ‘A’ decline after todays rise.
Wave ‘B’ has completed three waves up,
and wave [c] of ‘B’ has completed a five wave internal pattern.

I will note that volume has evaporated and we are back to a point where nothing has happened over the last 2 months.
A complete serene bull market advance is back on the cards.
How quickly we forget.
The market is showing an extreme overbought situation now also.
I have to ask,
how much longer can this go on!

I will freely admit that the rally in wave ‘B’ is now dangerous territory as the market drifts back to the highs.
I want to see an end to this rally sooner than later,
but I will have to wait for next week on that front.

Tomorrow;
Watch for wave [c] of ‘B’ top out on Monday and we must see a hard reversal from there.
Wave (i) down must fall back below 5700 to prove the top is in here.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver continues to trade in the range with the price holding above the wave ‘i’ lows again tonight.
The price did fall back off a lower high again today,
so the wave count is still in play here for wave ‘iii’ down.
But I am perplexed as to why the market refuses to drop into wave ‘iii’ yet.
Like I said early this week,
as long as this pattern remains viable,
then I will stick with it.

Monday;
Watch for wave ‘iii’ of (iii) to begin with a drop below 31.00 again.
Wave ‘3’ black should rightly fall into the 30.00 level to achieve an advance in the pattern that you might expect.

33.23 must hold.