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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has come off the boil today with a small drop back below 1.1000 again.
I am willing to suggest this is the beginning of wave (d) of [b] now.
And now the test for this wave count begins.

Wave ‘a’ of (d) should fall back into the recent support at 1.0777 again in three waves.
Over the next week we should see a lower high build in wave ‘b’ of (d).
and then wave ‘c’ will turn lower to complete three waves down by the end of this month.

Tomorrow;
Lets see if that wave (c) high can hold.

Watch for wave ‘a’ to continue lower in three waves over the coming days.
The initial target for wave ‘a’ lies at 1.0777.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Wave ‘c’ of (ii) is holding onto the price action again today.
The price has simply staggered sideways in a corrective manner even today.
so the most likely explanation here is that wave ‘c’ is correcting sideways with a new high to complete wave (ii) coming.
The rally in wave (ii) has stalled in the gap between the 50% and 62% retracement levels,
this is the perfect area to top out wave (ii).

Tomorrow;
Watch for wave ‘c’ of (ii) to close out and then reverse into wave ‘i’ of (iii).

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A rally out of the triangle pattern today has given the main count a boost.
That triangle in wave [b] completed at 146.49,
and so far the price has pushed out of the correction in an impulsive manner.
Wave (i) of [c] should trace out five waves up.
and one more pop higher tomorrow will achieve that.

Tomorrow;
Watch for wave ‘v’ to complete wave (i) with another small push above 149.50.
Wave (ii) should then correct lower in three waves and form a higher low early next week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

After another spike higher in the market today,
I may be scraping the bottom of the barrel with this wave count now.
There is still a chance that the market is forming a series of impulsive moves lower.
As long as the wave [ii] high holds,
then this count remains valid.

I do realize that the effectiveness of the bearish count is waning now with this weeks relentless push higher.
But at this point I am willing to let the market invalidate my interpretation before jumping back on a bullish bandwagon.

One thing is for sure,
if this market continues higher,
there aint a snowballs chance in hell that the fed will cut rates in September.
Only a bear market will give then license to do that I suspect.

Tomorrow;
watch for wave [ii] green to hold.
Wave (iii) simply must turn lower to save my bacon here!

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The action has been choppy off the top at wave (b) this week,
but there is still no confirmation of wave (c) just yet.
I would like to wee a drop in wave ‘i’ of (c) towards 2400 and then a correction into wave ‘ii’.
The price action has not created a large enough decline yet to confirm this pattern,
so I am forced to wait and see.

Tomorrow;
Watch for wave ‘i’ to fall in five waves towards 2400 to signal wave (c) is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

A rebound today in crude has created a possible lower high in wave [ii] of ‘1’.
Now this count must be tested and confirmed with a drop off the lower high into wave [iii].
Wave ‘1’ must trace out five waves down as I have mentioned,
and the target remains at the wave ‘b’ low of 74.13.

Tomorrow;
Watch for wave [ii] to hold below the wave (2) high at 78.90.
Wave ‘1’ down must continue as shown.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Well it is a case of it was good while it lasted eh!
I have removed all wave count suggestions this evening and I am simply looking at the facts of the matter instead.

The rebound off the low created ten days ago has now reached the 78.6% retracement level.
This is a very deep retracement,
and a perfect place to stop if this is bearish lower high.
We will see on that front.

The rally has pushed higher today for some reason or other,
it does not matter what reason people give for buying the dip,
the actual truth is people ‘feel safe’ buying risk assets again this week.
and it is that simple!
The market is holding at a lower high overall,
and this can be viewed as a right shoulder to complete a head and shoulder pattern.

IF the market takes a hit tomorrow to retrace even todays extension,
then I will take the bearish view again.
But for now,
I have been shoved back into my box by the bulls!
Lets see if the delusion wins tomorrow also.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has pushed back above the recent wave ‘i’ high today.
and so far we are on track for a third wave rally in wave ‘iii’ of (i).
I want to see wave ‘ii’ push out above the previous wave ‘iv’ high at 29.21 to confirm the bullish idea.
so the action is positive so far but the pattern remains to be confirmed.

Tomorrow;
Watch for wave ‘ii’ to hold at 27.17.
wave ‘iii’ must continue higher as shown.