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

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has completed three waves down at todays lows at 1.0825.
the price then rebounded into wave ‘b’.
a three wave pattern in wave ‘b’ is now underway as shown.
wave ‘b’ should be in place by tomorrow evening if all goes to plan.
then wave ‘c’ will be left to turn lower next week.

Tomorrow;
Watch for wave ‘b’ pink to complete a three wave correction to a lower high as shown.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I have re-labelled wave ‘ii’ at todays highs and now a turn lower again suggests wave ‘iii’ down is underway.
Wave ‘iii’ should fall from this point to break 1.2800 over the next few days.
A break below that level will favor this bearish count in wave (i).

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to hold and wave ‘iii’ down to continue in an impulsive pattern towards 1.2750.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY moved sharply lower today and that action confirms the wave count.
The price did not hit the target low at 151.85 yet,
So,
I will wait for another few sessions before suggesting this decline in wave (c) of [iv] is over.
However if we see a rebound back above the 157.00 level again that will favor wave (i) is underway.

Tomorrow;
Watch for wave ‘v’ of (c) to close out with a break of 151.85 as shown.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another move to the downside today is shown as wave ‘c’ of (iv).
The count remains valid at the moment,
but a break below that initial support at 39580 will tip the balance of favor back in the direction of the bearish idea again.
In that case,
wave [i] green will fall back to the low of wave [iv] again at 38280 in short order.

Tomorrow;
Watch for the wave (i) level to hold at 39580.
Wave (iv) must hold above that level.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

We have a 50% retracement in wave ‘b’ today as the high came in right at that Fib level.
2432 now takes the wave ‘b’ label,
and we can expect wave ‘c’ to fall again in five waves towards 2330 again to complete wave (a) next week.

Tomorrow;
Watch for wave ‘c’ of (a) to continue lower in five waves as shown.
A break of 2380 again will signal wave ‘c’ is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has continued the bounce off the wave ‘3’ low again today.
I have labelled wave [a] and [b] now in place,
with the price now turning higher again in wave [c] of ‘4’.
This correction in wave ‘4’ should be complete by the end of this week.
And then next week the price should turn lower again into wave ‘5’ of (1).

Tomorrow;
Watch for wave [c] of ‘4’ to rally into the 78.66 level again to complete three waves up.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

We now we have a decline worth talking about again!
Todays action sure has the potential to develop into a third wave down.
The price action has accelerated lower as you would expect in a true third wave.
And now the low this evening has broken the previous wave ‘iv’ low.

The market retraced to the 50% of fib level of wave ‘i’ in wave ‘ii’.
and now wave ‘iii’ should hit the 100% fib extension of wave ‘i’ at a minimum.
That gives an initial target for wave ‘iii’ at 5413.
And if this is a true beginning to a larger decline,
I might expect an extended decline in wave ‘iii’ to break 5400.
We will soon see.

tomorrow;
Watch for wave ‘iii’ down to continue to that minimum target level at 5413.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

A small relief today as silver is holding above the wave [ii] lows at 28.56 again.
The market is creating a higher low at the moment.
If that support holds tomorrow,
then we should see wave ‘i’ take over by Friday evening.

I did not expect that silver would threaten the bullish count this week,
but here we are.

Tomorrow;
watch for wave (ii) to hold above that 28.56 invalidation level.
Wave ‘i’ of (iii) must continue higher.