Good evening to one and all, the Lord’s Blessings to you tonight.

Tomorrow is the 4th of July holiday in the US of A,
the market is closed,

so there will not be an update tomorrow night.

https://twitter.com/bullwavesreal

EURUSD.

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EURUSD daily.

Looking at the action today has given me the push to switch out to the alternate count for4 wave [b] green.
The wave count now suggests a triangle for wave [b],
and this triangle can go on for the rest of this week before closing out.
I am looking at the relative size of the previous waves within wave [b],
and going by the size of wave (c),
then wave (d) should trace out three waves down towards the 1.08 area.
Then wave (e) will complete the whole triangle back at 1.0950 again late this week.

Wednesday;
Watch for wave (d) of [b] to complete three waves down in the area of 1.08 again.
The low of wave (d) must not break 1.0635 again.

GBPUSD

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Cable is basically flat today and so far this new count is still on track.
Wave (v) should continue higher this week to top out above the wave (iii) high at 1.2846 again.
When that is done,
then the search for a big turn lower into wave (3) can begin again in earnest.

Wednesday;
This week looks like a slow climb higher to complete five waves up in wave (v) blue.
The low at wave (iv) must hold at 1.2588.

USDJPY.

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USDJPY daily.

I am looking again at the wave (v) structure tonight.
The price completed a very clear three waves down into the session lows.
and now we have a spike higher to retrace much of the recent decline.
This action suggests wave (v) blue is still underway.
And todays low completes wave ‘iv’ of (v).
Wave ‘v’ of (v) is now set to top out back above 145.07 again later this week.

Wednesday;
Watch for wave ‘v’ of (v) to rally back above 145.08 again.
The pattern in wave (v) is very close to topping out in general.
And the next time we see a break below 143.96 again should begin wave (a) of [iv] as shown.

DOW JONES.

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A very quiet start to the week today.
And as tomorrow is the 4th of July,
I suspect this could be a very quiet week overall.

This wedge pattern off the top of wave ‘iii’ of (c) is still ongoing and the market should make a new high above 34600 to top this pattern off.
Wave ‘v’ itself seems to be tracing out a regular five wave rally at this point.
And that pattern will complete just above 34600 also.

I have cycled through many patterns over the last few months as this market continued to grind higher.
Each new week seemed to bring a new overlap and a new rally.
So in general the market has been flat off the wave ‘iii’ top last April.
Its been a painful pattern to track for sure.
But we are at the end of the road for patterns now!
It would be a poetic finish to this rally in wave [ii] if we saw a top this week to celebrate independence day.
And then downhill from there.

Wednesday;
Watch for wave ‘5’ of ‘v’ of (c) to close out this week with a tag of the upper trend line just above 34600.

GOLD

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That spike higher off Fridays low has convinced me to rethink wave ‘i’ and ‘ii’ today.
I have labeled the recent low at 1892 as wave ‘i’,
and now wave ‘ii’ is possibly complete at todays highs.
The rally into the high today has reached the price territory of the previous fourth wave high at wave ‘4’.
The price has dropped back off the high this evening also,
so there is a possibility that wave ‘ii’ is complete at todays high.
We will see if we get a follow through to the downside tomorrow to begin wave ‘iii’.

Wednesday;
WAve ‘iii’ down will be confirmed with a break of 1892 again.
and the initial target for wave ‘iii’ lies at 1856 where wave ‘iii’ reaches equality with wave ‘i’.

CRUDE OIL.

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It was quite a choppy session today and the early rally put pressure on the main count for wave ‘ii’.
The price has reversed that rally fully this evening,
so we are back on track to begin wave ‘iii’ down again.

A break below 67.40 again will confirm wave ‘iii’ is underway so there is work to do again in order to confirm this wave count.

Wednesday;
Watch for wave ‘c’ of ‘ii’ to hold at 71.80.
Wave ‘iii’ will be confirmed with a break of 67.40.
If this patter is correct for wave ‘iii’ here,
then we should see steady progress to the downside over the coming days.

S&P 500.

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The market was dead today and tomorrow will be no better!
So we are left with the same conclusions as last week again.
The price has pipped to a new high in wave [c] of ”2′.
But that does not change the overall stance of the market.
We are at a top in wave ‘2’ after a three wave rally over the preceding months.
And now we have a bullish extreme across the board in general public,
with wild ideas of new all time highs this summer!

I think not as you well know!
But for the moment in this wave count at least,
there is a little more upside left to complete wave (v) blue.
And then once that is done later this week the hunt will resume for the reversal of a lifetime into wave ‘3’ down.
That one will be worth waiting for.

Wednesday;
Watch for wave ‘iv’ and ‘v’ to complete wave (v) blue by the end of this week.
There is a possible target for wave (v) at 4509 where wave (v) reaches 50% of wave (i).

SILVER.

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The pattern in wave (iv) is getting more complex today with a small rally off Fridays lows.
I have relabeled wave (iv) to show todays highs as the
It is possible that wave ‘c’ of (iv) has topped out at todays highs.
The idea here is for wave (iv) to top now and reverse into wave (v) for the rest of this week.
The minimum target for wave (v) is a break of 22.00 again,
but I am looking for more.
21.06 marks the level where wave [a] and [c] reach equality.