Good evening to one and all, and may you all be mightily Blessed by the Messiah Yeshua tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Ok,
The price has dropped in very timid manner off the wave (iv) high today.
I am not convinced yet that wave (v) has begun now,
because we have no downside follow through yet.
But the rise in wave (iv) has at least halted for now.
We will see if wave ‘iii’ of (v) will drop through 1.1847 tomorrow to confirm wave (v).

Tomorrow;
watch for 1.1969 to hold and wave ‘iii’ of (v) to begin.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has dropped off that wave (iv) high also today.
The move is a little more impulsive looking than the eurusd move so I am leaning in favor of wave (v) down here.
If the price falls below 1.3860 again at the wave ‘b’ low,
that will be a strong indicator that wave ‘iii’ of (i) is in force.

Tomorrow;
1.40 should hold.
Watch for wave ‘iii’ to continue lower and break 1.3800 at a minimum.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The upside bias is still maintained for now.
We have a possible three wave running flat correction in place for wave ‘2’.
the only issue here is that the retracement is quite small for a second wave.
We will see if we get any more downside overnight to create a larger second wave.

If wave ‘2’ is done here,
then the next leg up in wave ‘3’ of ‘iii’ of (iii) is about to hit soon.

Tomorrow;
Watch for 110.69 to hold.
A break of 111.10 will signal wave ‘3’ of (iii) is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

It looks like we are going to target the 78.6% retracement level of wave (i) now as the market continues to inch its way higher today.
The rise today is now viewed as a wave ‘c’ of (ii).
and wave ‘c’ should trace out a five wave pattern higher to complete.
We have three waves up in wave ‘c’ at todays highs.
A five wave rally should push us up into that 78.6 level at 34450 again.

Tomorrow;
Watch for wave ‘c’ of (ii) to complete a five wave rally into the target area.
We might even see the reversal into wave ‘i’ begin tomorrow evening.
the wave ‘b’ low at 33740 will now act as the initial signal level for wave ‘i’ down to begin.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is moving lower off a possible wave (iv) top today.
The price has put in a small lower high at wave ‘ii’ of (v) today,
only a break of 1761 again will signal that wave (v) is underway here.
But it is reasonable to look lower given the pattern that is in place now.

Tomorrow;
WAve ‘iii’ of (v) down should fall below 1761 tomorrow and then continue in an impulsive fashion.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude fell in three waves today and spiked off the low of and almost perfect zigzag correction this evening.
The pattern suggests that wave ‘iii’ of (v) created an extension.
and wave ‘v’ of (v) will is now running higher to meet the trend channel again tomorrow.
Wave (v) will complete five waves up pretty soon,
and then the door opens for another reversal opportunity.

Tomorrow;
Watch for wave ‘v’ of (v) to push above 74.20 and then we can look for an impulsive decline again into wave (i) down.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Another pip above the recent high gives us a new all time high this evening in the S&P.
Of course that rules out the previous version of wave (v).
And triggered this new count.

I have presented an ending diagonal tonight for wave (v).
and the internal three wave structure is shown also.
We have five waves up in play,
and a series of three wave patterns making up those five waves.

It remains to be see if wave ‘v’ of (v) traces out that three wave internal pattern also.
If so,
then I think we will see a trap door scenario to begin wave [i] down.
The market is positioned to plunge at the moment.
but three waves up in wave (v) will complete a solid pattern here.
So I will wait for that to occur.

Tomorrow;
There are a cluster of Fib targets at 4284 and 4302.
that is the next zone I am watching for the larger wave (v) to complete.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Wave (b) continues today with a lower high now in place off the wave (a) high.
The pattern in wave (b) calls for a three wave decline to take place.
And we have waves ‘a’ and ‘b’ in place.
Wave ‘c’ of (b) should fall into about 25.70 to complete and then we can look for a rally to begin again in wave (c) next week to complete the larger correction.

Tomorrow;
Watch for wave (b) to complete three waves down and hold above 25.50 again.