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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is holding out at Mondays high again tonight and this suggests wave ‘c’ is not yet complete.
I am looking for a pop above 1.1318 again at the 50% retracement level to complete three waves up in wave (b) very soon.
Then I will look lower for the rest of the week into wave (c).

Tomorrow;
Watch for wave ‘c’ to close out the larger wave (b) with a break above 1.1318

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The action this week looks like a small three wave correction lower,
this can be viewed as wave ‘4’ of ‘c’.
Wave ‘5’ of ‘c’ will complete with a break of 1.3404,
and then I will immediately look for a turn lower into wave ‘i’ of (c) as shown.

Tomorrow;
Watch for wave ‘c’ to complete with a pop above 1.3404 and then wave ‘i’ of (c) must begin.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The stair step lower off wave (iv) continued today.
and so far there is no convincing attempt to correct into wave ‘ii’ yet.

Wave ‘i’ down is close to retracing all of the rally the previous wave ‘c’ now.
and I think wave ‘ii’ will likely begin as soon as this decline finds support near that 142.35 level.

Tomorrow;
watch for wave ‘i’ to find a final low near support at wave ‘b’.
Wave ‘ii’ should then correct higher for the rest of the week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

This evening there is a minor attempt to turn down off the current wave (v) high.
I will not that the rally has stalled at the previous wave [b] high at 42826.
This is a very good area to top out wave ‘B’ and begin the long road down into wave ‘C’.
And if I am correct,
the market will take the first step lower into wave (i) of [i] of ‘C’ this week.

Tomorrow;
Lets see if the resistance at 42826 can hold and wave (i) down actually does trace out five waves down as shown.
A break of 4`1750 will be a good start.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

GOLD has pushed higher into wave ‘C’ of (a) today and we are now approaching the 50% retracement level again.
Three waves up are in place here off the wave [a] lows,
but the pattern within wave ‘c’ has one more step higher to complete an internal five wave pattern as shown.
Once this happens,
then I will look for a correction lower into wave (b) as shown.

Tomorrow;
Watch for wave ‘c’ to trace out five waves up to complete the larger wave (b) pattern.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am waiting for this turn into wave ‘i’ of (iii) to begin and there is no sign yet of a beginning.
The price is holding below that wave (ii) lower high,
but I want to see a drop back into the 60.00 level again to get wave (iii) underway.
Wave ‘i’ of (iii) must get going soon in order to stick with this wave count.

Tomorrow;
Watch for wave [ii] to hold at 63.50 and wave ‘i’ of (iii) of [iii] to continue lower into the 60.00 level again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has dropped back off the high at wave (v) today but there is nothing convincing in this action yet.
I want to see a drop below 5700 again in wave (i) this week,
The market is not complying so far,
but there is still time to put in a top and turn this market into wave (i) down.

Tomorrow;
Watch for wave (i) blue to trace out five waves down to hit 5700 again at the previous wave (iii) high.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I think this is the last straw for the current wave count,
if this count fails,
then I will be forced back to the drawing board again to rethink the larger pattern altogether.

I am looking at a combination corrective wave for wave ‘ii’ pink now.
This involves a series of three, 3 wave structures to complete the pattern.

The price is currently topping out in wave ‘c’ of ‘ii’.
and this must be followed by a turn into wave ‘1’ of ‘iii’ over the coming days.

Tomorrow;
Watch for this complex correction to complete in wave ‘ii’ at 33.24.
and wave ‘iii’ down must begin from there.