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

A little beauty from John Hussman.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Ok I freely admit that EURUSD is pushing to the limits of the triangle wave count for wave [b] again today.
The small correction last week has been retraced fully today.
This brings the market even closer to the 1.1139 invalidation line.
wave (c) of [b] will be ruled out with a break of that level.
So I want the market to turn into wave (d) very soon.

I must also point to the daily chart here and ask the question,
is the triangle pattern not a good interpretation of the overall action over the last year??
I think it still counts,
and I am going to stick with it until the idea runs its course.

Tomorrow;
Wave (d) must turn lower.
1.1139 must hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

cable is pushing to the ends of its pattern here also as wave (ii) must hold below 1.3044 at the previous wave ‘2’ high.
I am showing a different interpretation of the internal pattern of wave (ii) now,
and again this points to an overall three wave rally.
A decline back below the wave ‘b’ lows at 1.2798 will prove this correct.

Tomorrow;
Watch for wave (ii) to hold below 1.3044.
Wave ‘i’ of (iii) is now critical in order to stick with the overall pattern.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The alternate count for USDJPY got triggered today with a spike lower to break 145.40.
The pattern in wave [b] is now labelled as an expanded flat.
Wave (c) of [b] hit the minimum expected target for that pattern by breaking the wave (a) lows.

It is not yet confirmed that wave [c] is underway.
A break of 149.40 will do that.

Tomorrow;
Lets see if wave [b] can hold at 145.16.
Watch for wave [c] to continue higher in five waves as shown.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The rebound holds again today and I know that my hypothesis is very close to being invalidated here.
I have come this far,
so I will take my beating if it comes this week!

A three wave rally overall can be labelled off the lows.
I am sticking to my guns here that this is a second wave rally.
And if this is a second wave lower high,
then wave (ii) blue will hold below the previous wave [ii] high.
and wave (iii) down should follow.
Wave ‘i’ of (iii) is expected to break below the previous wave ‘b’ low at 39200.

Lets see how it goes.

Tomorrow;
Watch for wave (ii) to hold below 41200.
Wave ‘i’ of (iii) must turn lower again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding at the highs of wave (b) again today.
Wave ‘5’ of ‘c’ of (b) is close completing an internal five wave pattern itself.
Wave (b) already has a three wave pattern in place.
And now wave (c) is left to complete the larger correction in wave [iv].

Tomorrow;
Watch for wave ‘i’ of (c) to turn lower and break 2430 at the wave ‘4’ lows.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I think there is a five wave pattern very close to done now in wave ‘1’ of (3).
The price has broken the previous wave ‘A’ high and that is enough in my book to
The decline into wave ‘1’ has dropped below the 62% Fib retracement level of wave (2).
So I am reasonably happy to begin looking for wave ‘1’ to close out and wave ‘2’ to begin.

Tomorrow;
Watch for wave ‘1’ down to complete soon.
a rebound into wave ‘2’ should push back towards 77.00 again as shown.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Nothing can stop the S&P it seems.
The rally continues to challenge the internal corrective highs of the previous decline.
And this evening the last line of resistance has broken.
Nothing stands between here and the all time high now.
So it remains to be seen if that high can hold before the next wave down comes.

In this scenario I am showing a leading, expanding wedge as the initial decline off the high.
This pattern will break soon if this is not the case.
So I am left to the whims of unending bullishness here.
A new high will prove me wrong once again,
and then I am forced back to the drawing board.

Tomorrow;
If the high holds and we see an impulsive decline,
then this scenario holds.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has broken above the previous wave ‘iv’ highs today,
and with that,
the price action moves a little more in favor of that wave (i) bullish count.
The internal pattern of wave ‘iii’ of (i) is incomplete at the moment.
A another step higher with wave’s ‘4’ and ‘5’ of ‘iii’ will complete that pattern in wave ‘iii’.
Wave ‘iv’ should then correct lower as shown later in the week.

Tomorrow;
Watch for wave ‘iii’ to complete five waves up over the next few sessions with a top near 30.00.