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

Some charts to chew on for ya!

Talk about a horrific setup!

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I am looking at the idea that wave (iv) is done at Fridays high
and the small decline from there is now beginning wave (v) of [iii].
the rpice has not fallen enough to confirm that idea yet,
but as long as wave (iv) holds at 1.1975,
then wave (v) is likely to develop further to the downside.

Tomorrow;
1.1975 must hold.
Watch for wave this correction in wave (iv) to hold within the trend channel
and wave (v) to continue to step lower in a five wave pattern.
the priec should break 1.1847 at a minimum to complete waev (v),
but I would like to see a drop into the lower trend channel line at about 1.1700 in wave [iii].

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has dropped today but the pattern is a little too messy of wave ‘ii’ for my liking.
It is possible that wave ‘iii’ of (v) is underway,
we will have to see a break of 1.3867 to confirm that idea.

I am open to the idea that wave ‘ii’ will develop into a larger pattern also.
I this case 1.3940 is the level to watch.

At the moment the short term pattern is open to interpretation,
so I will have to wait for the next move in order to nail down what is happening here.

Tomorrow;
Watch for 1.4000 to hold at the very upper end for this bearish pattern to remain intact.

Wave ‘iii’ should accelerate lower over the coming days as soon as wave ‘ii’ completes.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is still moving in a corrective manner off last weeks top at 111.11.
I am still tracking the developing wave ‘2’ of ‘iii’ today.
The pattern has extended in this correction,
and now I think we have a flat correction in play for wave ‘2’.
as the pattern off the wave ‘1’ top is tracing out a 3,3,5 internal structure.

Tomorrow;
This pattern is still very bullish here as we are likely entering a third of a third acceleration phase.
The only invalidation of this pattern will happen of we break 109.71.

I want to see wave ‘2’ complete within that trend channel overnight,
and then move higher into wave ‘3’ of ‘iii’ tomorrow.
A break of 111.11 will confirm wave ‘3’ of ‘iii’.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow has turned lower off Fridays high today and at the moment I still favor a decline into wave (iii) starting now.
Todays decline is viewed as wave ‘i’ of (iii) is this scenario.
The price must now decline in a five wave form off wave (ii) now to signal wave (iii) is taking over.
And wave ‘i’ of (iii) should break below the previous wave ‘b’ low at 33740 again,
that action will really lift the prospects for a third wave down to begin.

Tomorrow;
Watch for wave (ii) to hold at Fridays highs at 34515.
Wave ‘i’ down should fall below 33740.
A break of the wave (i) low at 33030 again will confirm the larger decline pattern.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The previous pattern has not worked out today.
We are still moving correctively and in a fourth wave as before.
But I am now looking at a triangle pattern developing in wave (iv),
rather than a complex flat as with Fridays charts.
And wave (v) should fall out of this triangle beginning tomorrow.

Tomorrow;
The triangle must hold below 1794 to remain a valid option here.
And a decline below 1761 again will signal wave (v) of [iii] is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has dropped again today into a possible wave (i) down.
There is no way to confirm this move until we get at least a break of initial support at 72.21.
But if that does happen then I will look for a corrective lower high to develop in wave (ii)
and then an acceleration lower to occur in wave (iii) later in the week.

Tomorrow;
Watch for wave (i) to hold below 74.22 and fall below the previous fourth wave low at 72.21.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

After todays corrective holding pattern in the S&P it looks like we will see a slight new high this week to complete wave ‘v’ of (v).
Wave ‘c’ will then have a five wave internal pattern in place,
And that will complete wave ‘v’ of (v) overall.
One step at a time will bring this pattern to a close now.

The 4hr momentum is rolling over off a top again,
the daily setup has not changed even as we have popped to a new high.
And the extremes in sentiment keep ringing bells louder and louder these days.
So,
Will we top this week?

Tomorrow;
Watch for a five wave pattern to complete in wave ‘c’ of ‘v’ at the smallest degree and then we will see if this is the final piece of the puzzle for this grand deception!

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

There is a possibility that wave (iv) is developing into a triangle in silver also,
but I think this pattern serves the purpose quite well for wave (iv) of [iii].
The price is expected to fall again this week in wave (v) of [iii].
And I think we should hit a low for wave [iii] towards 25.00 again.

Tomorrow;
Watch for wave (iv) to close out as a complex flat or a triangle.
A break of 25.78 again will signal wave (v) is underway.