Good evening folks, the Lord’s Blessings to you all.

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD continues to hold near the 1.0900 handle today as we crest over the top of wave (c).
The expectation is that wave ‘a’ of (d) will begin this week.
and the confirmation level for wave (d) lies at 1.0800 again.
A break of that level will confirm wave ‘a’ of (d) and the wave count overall will be confirmed at that point.

So,
The most I can expect from this weeks action is a drop into wave ‘a’,
and wave ‘a’ can take a three wave form to begin with.

Tomorrow;
Watch for wave ‘a’ to continue to make a move towards 1.0800 to confirm the overall pattern.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The action today still looks corrective in nature so far.
so the short term wave can bring another pop into wave ‘v’ of (v) to fill that small price channel.
The larger channel for wave [c] has been filled this week.
Wave ‘v’ looks like it will create a throw-over as shown.
And once that is done I will look lower into wave (i) again.

Tomorrow;
I have marked the wave ‘iii’ high at 1.2845 as the initial level to signal that a top is in for this larger pattern.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The rebound into wave ‘b’ is now underway today.
the price is holding at the highs of wave ‘a’ of ‘b’,
and wave ‘b’ will fall back below 158.00 tomorrow.
If all goes to plan,
then wave ‘c’ will rally again to form a lower high in wave ‘b’ by the end of the week.

Tomorrow;
Watch for wave ‘b’ to continue higher in three waves as shown to form a lower high near 160.00 over the coming days.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market deserves another interpretation this week after another run higher.

On the 4hr cahrt you can see a triangle fourth wave followed by this rally in wave [v].
The extension in the rally today brings the market closer to hitting that upper channel line again.
Wave [v] green will likely get the price close to that upper channel line.
And the vertical spike today is viewed as wave (iii) of that final wave [v].

Tomorrow;
Watch for the market to cool off into wave (iv) possibly by tomorrow evening.
Wave (iv) must hold above 39600 at the wave (i) high.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

An extension higher in gold today has also pushed away from last nights count and back to the previous interpretation.
the price pushed to a new high today,
and that is viewed as wave ‘iii’ of (v).
and this rally will continue in wave (v) to close out wave [iii] over the coming weeks.
you can see this best on the 4hr chart.

the rally in gold is very close in pattern to the rally in the Dow,
and that is not something we should be comfortable with to be honest.
It tends to suggest that this move in gold is actually all speculation and due for correction.
WE will see on that front.
for the moment wave (v) is on the cards and should continue higher to compete five waves.

Tomorrow;
watch for wave ‘iii’ to top out maybe even tomorrow,
and then wave ‘iv’ of (v) will correct sideways into the end of the week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil has not hit the minimum expected level for wave ‘iii’ at 78.95 yet.
in fact the price seems to have bounced out of the decline today.
so I am going to keep a close eye on this one tomorrow to see if there is something else going on here other than a straight forward impulsive decline.
There is a three wave pattern complete here so far and this can mean a correction is close to completion.
I will keep that in mind.

Tomorrow;
The main count has not been ruled out yet.
lets see if wave ‘iii’ can fall into the target level and the five wave pattern in wave (i) then suggests a correction in wave ‘iv’.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has hit the upper trend channel line again this evening and the price action is very weak overall even as we sit at the highs.
There is an overlap of trend channels for wave [v] green and wave (v) blue.
This is creating a gap above where the price could well move to fill the smaller channel,
and at that point will will have a small throw-over in place for the larger channel.
It is a nice picture,
lets see if the price will fill the smaller channel to complete that picture.

Tomorrow;
Watch for wave ‘v’ to reach into that upper channel line to finish a throw over.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has bounced again today but we are still in the realm of that wave (ii) correction.
the high this evening can be viewed as wave ‘b’ of (ii) again,
as we still have a three wave form into this high.
Wave ‘c’ is expected to begin tomorrow to close out a three wave decline in wave (ii) near 30.00 again.

Tomorrow;
watch for wave ‘c’ of (ii) to fall into 30.00 to complete the correction.