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

welcome back after the holiday weekend break.
I cant help but think that the celebrations have now bee met with sobriety today as the market took a pasting this morning.
Maybe this holiday hangover will actually awaken a sober view on markets also,
along with a re-think on how much alcohol is actually worth consuming in one weekend.

I also find it ironic that the 4th of July is a marking of freedom from tyranny,
while in reality the world is marching headlong into a brand new world wide tyranny for at least the last 20 years.

Much of the normality of life,
and basic freedom from government intrusion that we knew back before September 11th 2001 is gone for good.
The march to serfdom started as a reaction to terrorism in 2001,
it continued as a reaction to a financial crises in 2007 – 2009,
and now it is pretty much solidified as a reaction to disease since march 2020.

you know what the globalists say,
never let a good crises go to waste!
And every time the answer is always more power given over to the one world system.
That system is strong now,
and the ruler that will take it over is coming……….

I have been thinking alot recently about the concept of freedom,
and how it relates to life in the world that we find ourselves in.

There is much to say,
but I think the crux of the matter is this.

My own actual freedom is inversely in proportion to how entrenched in this world I am.

If I regard myself as a cog in the wheel of this machine – the world.
When this machine is choking, spluttering, dying and grinding the cogs to dust,
then I will acutely feel this assault on my freedom and happiness and self worth.

But,
if I do not derive my worth or value or freedom or peace of mind or soul from the machine of the world,
then the whole thing can grind away and I will not be overly adversely affected in my state of mind at least.

If I actually derive my worth and value and freedom from outside the world,
lets say my faith in Christ the messiah,
Then I am free indeed.
In-fact they can kill my body dead,
and I will still be free from that machine.

For this moment,
If I can keep my family fed and keep my head while all those around me are losing theirs.
And If I put my trust in the Almighty God of creation,
then I am free in this life also.

Freedom is a state of mind – nay
Freedom is Yeshua.

Now to the markets!

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD took a dive off the early highs and formed a double bottom with last weeks lows.
I am still viewing this action within the pattern of a fourth wave correction.

IF todays low is wave (b) of that wave [iv],
then wave (c) should follow and rally towards the previous fourth wave at one lesser degree.
Wave (iv) lies at 1.1975.

Tomorrow;
Watch for wave (c) of [iv] to target that 1.1975 area.
if wave (a) holds at 1.1896,
then it is likely that wave [v] is already underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable fell in wave (b) of [ii] today.
the price has held above the wave [i] low at 1.3729 so far,
and the pattern off the wave (a) high is in three waves also.
This suggests wave [ii] will be a flat correction.
And wave (c) of [ii] should rally above 1.3895 at a minimum to complete wave [ii].

Tomorrow;
Watch for wave [ii] to complete between 1.3895 and 1.40 at the previous wave (iv) high.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Starting on the 4hr chart.
USDJPY is not moving higher to accelerate into a third of a third that I thought.
The price is floundering and falling back towards the rising trend channel line again.
Because of this action I am rethinking wave [iii] all together.

It is possible that wave (iii) of [iii] is complete at last weeks high,
the pattern is not ideal,
but no rules were broken in the making of this pattern!

IF wave (iii) of [iii] is complete,
then this decline is wave (iv) and the low of wave (iv) must hold above the wave (i) low at 109.78.
WAve (v) should then rally again towards 112.00 again.

Tomorrow;
Watch for wave (iv) to complete above 109.78.
Last weeks support came in at 110.41.
so we may even see wave (iv) complete above this level.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another failure so far at the recent double top formed by wave (a) and wave [ii].
The decline today is impulsive looking for sure.
But it is way too early to know if we have in fact turned into wave (i) of [iii] now.
If we continue lower for the rest of the week and threaten the 33000 level again then I will get pretty excited.
But this market has done everything in its power to push out to a new all time high over the last few weeks,
and I cant ignore that possibility this close to the highs.

Tomorrow;
If we see this wave ‘i’ fall below 34120 again that will raise the probability of a larger (i) down developing.
Watch for wave (c) of [ii] to hold at 34850 again and wave ‘i’ of (i) of [iii] to continue lower.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has turned lower off the highs of wave [iv] today with a nice impulsive looking spike.
the high of wave [iv] stands at 1814.87 now,
and as long as that high holds from here,
then I can consider wave [v] down as underway.

Tomorrow;
Watch for wave (i) and (ii) to form a bearish lower high to begin wave [v] of ‘C’.
The target for wave ‘C’ lies in the 1650 area,
so this next leg down has a way to go yet.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Well crude came down with a bang today to begin wave ‘4’ of (5).
I am looking at a possible zigzag correction lower in three waves to complete wave ‘4’.
The low at wave [iv] of ‘3’ offers the first target level to watch for.
Wave [iv] lies at 71.74,
so a three wave decline into that level will signal wave ‘4’ blue is done.

The fact that the price came down so sharply today does open up the possibility that the top is already in for wave ‘5’ of (5) of [C].
We will know by the end of the week if that is the case.

Tomorrow;
Watch for wave [a] of ‘4’ to complete soon.
Wave [b] should rise correctively from here and then a three wave correction will complete later in the week in wave [c] of ‘4’.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P dropped also today and for a moment the market broke back into the trend channel again.
The market is rising again this evening.
If this action forms a lower high as suggested this week.
Then I can look seriously at a completed pattern in wave (v) again.
For the moment I can’t trust anything when it comes to the S&P.
Even though we are in the latter stage of this pattern,
there is no definitive indication yet that the short term pattern has reached its zenith.

Tomorrow;
Watch the highs to hold and a drop back into the trend channel in an impulsive manner.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has dropped very impulsively today.
And with that action I think we can confirm that wave (v) of [iii] is now underway.
the price should form a lower high in wave ‘ii’ by tomorrow evening.
and then wave ‘iii’ of (v) should fall again and break below 25.50.
That is the minimum target for wave (v) to hit.

If this pattern is correct,
then we should see another few weeks of lower highs before the larger pattern in wave ‘C’ completes.

Tomorrow;
Watch for wave (v) to continue lower this week with a minimum target at 25.50.