Good evening to you all!

I have introduced some new markets tonight and I am going to leave the charts in without comment for a few days before filling in the blanks.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD rallied in three waves up to the previous highs at 1.1907,
but the rally has halted below that level so far.

Wave (C) is bound to finish soon and if we see another break of the wave [i] low at 1.1696 again,
that will signal the top is in and wave [iii] down is underway.

Tomorrow;
1.1696 must hold from here.
the price has turned lower again this evening,
if the decline continued early tomorrow that will favor the idea that wave [iii] has begun.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

No new high for cable yet in wave ‘v’ of (c).
The price has stopped just short of the 1.3168 high this evening.
And if the decline continues off this level then the alternate count will be more fitting.
A break of 1.2981 again will signal wave [a] of ‘D’ is underway.

Tomorrow;
I am pretty confident that any new high in wave (c) will be short lived.
So lets see if we can top out tomorrow.

USDJPY.

USDJPY 1hr.

USDJPY 1hr.

USDJPY daily.

The alternate wave [ii] has taken precedent tonight with a small break below that 105.57 level.
The pattern in wave [ii] is a clear expanded flat,
wave (c) of [ii] completed in five waves just below the wave (a) low and now we have a turn higher again off the low at 105.32.

Tomorrow;
A higher low above 105.32 will signal wave [iii] has begun.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

After completing wave (B) on June 9th last,
the DOW has gone completely sideways for almost 2 months now.
And still the price is holding at a lower high at wave ‘2’ of (C).

Wave ‘2’ has morphed from one corrective form to another over the last 2 months also,
And wave [c] of ‘2’ has been especially hard to track.
And even so,
the price is still below the June highs and the internal dynamics of this rally continue to weaken.
There is another sharp decline coming to begin wave ‘3’,
much like the decline off the June high.
And the scene is set for that action now.

Tomorrow;
An ending diagonal wave [c] is now close to done at this evenings highs.
26410 marks the wave (i) high,
Lets see if we can break that level before the week is out.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has rallied today and this has triggered the alternate count for wave ‘v’ of (v).
I have labelled that rally this evening as a developing five wave structure.

The small elliott channel surrounding wave (v) calls for this rally to continue up to the 2100 level before topping out.
And if the price turns again back down below 1980 again,
that will be the first sign that wave (v) is done.

Tomorrow;
watch for wave ‘4’ to correct slightly before a rally into wave ‘5’ to complete the structure.

I would be very cautious now at these levels,
especially now that gold is rallying along with the stock market into a major top.
This USD disgust phase will pass soon
and it may well take down both markets with it!

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil is turning down off the upper trend channel line this evening.
the rally into that upper line completed in three waves to close out an ending diagonal wave ‘C’.

The rally in wave (c) of [v] also traced out a five wave pattern into the high.
This is another hat tip in favor of a completed pattern.

Tomorrow;
This sharp move off the high must continue tomorrow.
A break of the wave [iv] low at 38.90 again will signal wave [i] down has begun.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Stagnating momentum is the story of the last three weks action really.
And today was no different.

The price has now reached the upper trend line again in an ending diagonal wave [v] of ‘C’.
With the all time high now hovering above us like the executioners axe!
A crash in wave (C) or [C] alternate,
needs to start now to avoid a complicated expanded flat scenario for the larger pattern.
This idea involves wave (b) / [B] rising out to a new high and then crashing into a new low in the next leg down.

Tomorrow;
This pattern is done.
A decline back below 3200 again will signal wave (i) has taken over.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has now moved to an expanded flat correction for wave ‘4’ with todays new high.
This rally has now moved into the over-extended realm again.
And we can expect a sharp decline soon in wave [c] of ‘4’.

on the 4hr chart;
There is an alternate count that views todays highs as a completed wave [1] at a higher degree,
if that is the case,
then wave [2] will fall rapidly off this high down into the wave [2] area in a three wave structure.
I will be watching this alternate count over the coming weeks.

Tomorrow;
Watch for wave [c] to top out and fall back again to begin wave [c] pretty soon.
A break of 25.00 again will signal wave [c] has begun.