Good evening folks, the Lord’s Blessings to you all.

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is still stuck in a declining correction in a channel.
I am going to stick with the idea that this is wave ‘4’ of ‘c’ of (c).
The price has just crossed over the wave ‘1’ high at 1.0812 this evening,
and this is allowed in the case of an ending diagonal.
So the pattern still fits here,
but if the decline picks up speed tomorrow,
that will favor the idea that wave (d) is underway.

Tomorrow;
Watch for wave ‘5’ of ‘c’ of (c) to turn higher and complete with a break of 1.0893.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is beginning to move lower in an impulsive manner but without any confirmation of the wave count yet.
I am looking for a break of the wave ‘iv’ low at 1.2643 to signal wave ‘i’ is in play here.
So there is more work to do here before we can call the top in wave [ii] green.

Watch for wave ‘i’ of (i) to continue lower in five waves to break support at 1.2643.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A small change of idea here after a less than impressive trade today.
the highs today is viewed as wave ‘1’ of ‘iii’,
and wave ‘2’ of ‘iii’ should now create a higher low above 153.84 at wave ‘ii’.
nd then a rally must begin in wave ‘3’ of ‘iii’ of (iii).

Tomorrow;
Watch for that wave ‘ii’ low at 155.84 to hold and wave ‘iii’ to continue higher over the coming days.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

That main short term count got a probability upgrade today but we are not in confirmation territory yet.

You could say that the drop off the high has completed five waves down now,
but,
I am looking at todays move as a possible third wave down within wave (i).

A break below the wave (i) high at 38582 will go a long way towards confirming this bearish count,
At the very least we have a move in the right direction today.

The action tomorrow will prove between these counts.
A larger rebound will suggest wave (ii) is underway.

Tomorrow;
Watch for a five wave decline in wave (i) to hit the support at 38582.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The count in gold has been validated today with the extension lower.
The price is sitting at the wave ‘b’ low at 2331 now,
and I think this is enough to call wave ‘1’ of ‘c’ complete here.
A rebound in wave ‘2’ should come our way soon.
and then next week we should see a further decline back below 2276 at the wave ‘a’ low.
that will complete three waves down in wave (iv) and we can begin to look higher again from there.

Tomorrow;
Watch for wave ‘1’ to complete then a correction higher into wave ‘2’ should begin.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The action in crude continues to be choppy today.
But along with that,
the price continues to decline,
so the main count in wave (v) of [i] continues to fit the action.

I am pretty sure that wave (v) will close out in the next few sessions,
and as soon as I see a five wave structure that hits a new low,
then I will look for a turn higher into wave [ii] to begin.

Tomorrow;
Watch for wave ‘iii’ of (v) to drop towards the 75.00 level and then a correction in wave ‘iv’ should consolidate below 76.00.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A sharp turn lower came in the S&P also today but I am not jumping on the wave (i) decline idea here yet.
That will remain an alternate possibility here unless a we see a break of the wave (i) high at 5090 again.
That is not beyond the realm of possibility here,
but I will stick with the main pattern until that comes.

Tomorrow;
An expanded flat correction has now completed in wave (iv).
So wave (v) should turn up tomorrow and then the market should hit a new high in wave (v) early next week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver continues to move lower today and that is in line with the main count.
I am calling this drop a possible wave ‘a’ of (a) to begin a larger decline in wave [ii].
Wave (a) should retrace most of the wave (v) rally over the next few days.
And the initial decline in wave ‘a’ pink should find support near that support at 29.80.

Tomorrow;
Watch for wave ‘a’ of (a) to complete a decline in five waves to break support at 29.80 and then turn higher into wave ‘b’.