---

Good evening folks and the Lord’s blessings to you.

Have you noticed that the US is dripping tariff letters by the handful each day now
the rates are barely changed from the previous ‘liberation day’ announcement.
So the administration is following the very same path,
except they are hoping to lull the market to sleep by drip feeding rather than one big blow out announcement
The market is so far taking the bait without a wobble.
we will soon see if this strategy works.
The outcome remains the same,
many business failures and a whole lot of disruption.
Fun times ahead!

---

---

---

EURUSD

---

EURUSD 1hr.

---

EURUSD is still sitting on the fence today.
The action was weak and corrective again and wave ‘4’ of ‘c’ remains the main count

The tricky question is this,
Are these steps lower building to a larger move,
or is this simply a long drawn out fourth wave correction.
A break below the initial support will push the action in favor of wave ‘i’ down.
but until that happens I will just wait and see.

Tomorrow;
Watch for wave ‘4’ to hold above the support at 1.1630 and then turn higher into wave ‘5’ as shown.

---

GBPUSD

---

GBPUSD 1hr.

---

Cable is moving higher in a corrective manner today and this is in line with a possible correction in wave ‘ii’.
Wave ‘b’ of ‘ii’ is holding a higher low at the moment,
and wave ‘c’ should then turn higher later this week as shown.

A 50% retracement of wave ‘i’ gives a target at 1.3657 for wave ‘ii’.

Tomorrow;
Watch for wave ‘c’ of ‘ii’ to continue higher towards that initial target to complete wave ‘ii’.

---

USDJPY. 

---

USDJPY 1hr.

---

USDJPY has turned lower off the highs today and so far the resistance at 148.00 is holding.
I want to see an end to this wave (iv) correction now,
and for an impulsive drop into wave ‘i’ of (v) to begin this week.

Tomorrow;
Watch for wave ‘i’ down to drop in five waves to hit 142.00 over the coming days.
And if that happens,
then we can confirm this wave (iv) triangle and the beginning of wave (v) blue.

---

DOW JONES.

---

DOW 1hr.

---

The all time high is holding,
and that may be the only hope that I have here!

My initial target for the next move off the top lies at the wave (iv) low at 42868,
and that is only a 5% drop from here
It may seem totally undoable some days,
but a market this leveraged and an economy this unstable can easily pull that off!

I am hopeful that this move happens sooner rather than later,
but I will remain on the sidelines here until I am either vindicated or condemned!

---

GOLD

---

GOLD 1hr.

---

Three waves down to form a higher low in wave ‘b’ is still in place here.
The price has rebounded off that wave ‘b’ low today,
and now I am looking for the next rally into wave ‘c’ to take place over the coming days.
The minimum target for wave ‘c’ lies at 3365

Tomorrow;
Watch for a five wave pattern higher to continue to that target over the next few days.

---

CRUDE OIL.

---

CRUDE OIL 1hr.

---

Crude has tracked sideways today in three waves.
I am labelling this move as wave ‘ii’ of (c) now.
the price has pushed higher out of the correction this evening so this should be the beginning of wave ‘iii’.
The pattern suggests wave ‘iii’ will continue higher for the rest of the week.
Wave ‘iii’ should top out about 69.00 again.

Tomorrow;
Watch for wave ‘iii’ of (c) to trace out five waves up to hit 69.00 over the coming days.

---

S&P 500.

---

S&P 500 1hr

---

The S&P has traced out three waves up into todays high and this action only serves to reinforce the idea that this a corrective move overall
I can’t say yet where this fits in the larger pattern,
but a correction lower will only lead to a new high in the index over the coming days.

Tomorrow;
Watch for a drop into that lower trend line to fulfill the corrective pattern.

---

SILVER.

---

SILVER 1hr

---

---

Silver is dropping today in a possible three wave pattern,
and we are getting closer to that wave ‘ii’ low again.
The main wave count holds for now,
but wave ‘iii’ must turn higher again tomorrow to confirm this pattern.

Tomorrow;
WAtch for a turn higher in wave ‘3’ and a break of 36.88 again to signal wave ‘3’ is underway.

---

---

---