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.

EURUSD has dropped into the the previous wave (iii) low today which is the minimum target for wave (v) to compelte.
The pattern has not traced out five waves down yet,
but I am still hopeful we will see that pattern develop before the end of the week.

Tomorrow;
Watch for wave ‘iii’ of (v) to continue lower into that lower trend line in the area of 1.17 to complete.
1.1975 must hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is moving towards that wave (iii) low at 1.3782 today.
That is the minimum target for wave (v),
but the internal structure of wave (v) has not developed in five waves yet.
Wave (v) should continue to fall this week until we have a clear five waves down complete.

Tomorrow;
Watch for wave ‘i’ to hold at 1.3867.
Wave ‘iii’ down should break 1.3782.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY spiked higher today and is now holding at the wave ‘1’ high at 111.11 tonight.
This action sure does suggest wave ‘3’ of ‘iii’ is now underway,
and if that is the case,
we should see the price continue higher from here as the larger third waves continue to unfold.

Tomorrow;
Watch for wave ‘2’ to hold at 110.41.
Wave ‘3’ must now trace out five waves up towards the 112.00 area over the next few days.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market has only managed a three wave decline off this weeks highs into todays lows.
This action is now labelled as corrective within wave ‘c’.
The price has now rallied back to flat for the week.
With five waves up in wave ‘c’ now drawing to a close again.
This series of 1,2 waves to the downside is now over.
And we need to see an acceleration lower to begin wave (iii) down before the end of this week.

Tomorrow;
Watch for wave ‘5’ of ‘c’ of (ii) to complete early tomorrow.
I want to see wave ‘i’ of (iii) begin by tomorrow evening.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has traced out three waves up into this session high today.
This action is viewed as wave ‘ii’ of (v) of [iii], with a little more downside left in wave [iii] before we complete five waves down in wave [iii].
This pattern stands as long as the triangle correction in wave (iv) remains intact.

Tomorrow;
Watch for wave (iv) to hold at 1782.
Wave ‘iii’ of (v) is expected to return lower again tomorrow.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The action today has been pretty wild and indecipherable to be honest!
in general you can still view this pattern as a three wave correction to the upside in wave (ii).
with wave (iii) expected to begin tomorrow.
As long as the high holds at 74.23 then this count is valid.

Tomorrow;
watch for wave (iii) down to begin with a break of 71.70 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is now on autopilot with volume matching the lows of the early days of 2020, just before the last collapse.
Momentum has turned on all time frames.
4hr momentum has crested off another lower high again.
This is a visible downward divergence since the middle of march,
and this is worth watching for sure as.

In terms of the count,
no change here.
Wave (v) up is done and unless we have a major shift in the dynamics here,
I do believe we are about to witness a serious shift in this market.

Tomorrow;
I am waiting for a five wave decline to begin off the final top.
There is enough time left this week in order for that to happen,
we will just have to see now.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has traced out three waves up also today,
but this correction higher in wave ‘ii’ has reached closer to the wave (iv) high than I would like!
I am still looking for wave ‘iii’ down to begin tomorrow and then fall below 25.50 again to confirm wave (v) is still in play here.

Tomorrow;
26.20 must hold.
Watch for wave ‘iii’ of (v) to fall and break 25.50 again.