Good evening folks, may the Lord Bless you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A spike higher today in EURUSD is in line with a rally in wave ‘iii’ of (c).
So far the price has failed to break the minimum target at 1.1805.
I do expect wave [a] to complete with a break of that level after a five wave rally in wave (c) as shown.

Monday;
Next week will likely bring a sideways ranging pattern as wave [a] and [b] unfold.

If wave ‘iii’ of (c) is complete,
then wave ‘iv’ should correct sideways from here and wave ‘v’ should pop above that resistance line at 1.1805 to complete wave [a].

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Todays rally is viewed as the beginning of wave (iii) up.
And that wave should carry the price up into the 1.3900 area when complete.
Wave ‘i’ of (iii) has broken above the wave (i) high this evening,
and now se should see a corrective higher low form in wave ‘ii’ early next week.
Wave ‘iii’ of (iii) will do the heavy lifting and that wave will break will break the wave (b) high again.

Tomorrow;
Watch for wave (ii) to hold at 1.3680.
wave (iii) should remain in force until Wednesday I suspect.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Todays move lower can be viewed as a correction in wave ‘ii’ of (iii).
But the price must hold above 109.40 from here out if this count is to remain valid.

IF this count is correct,
then we should see a sharp rally in wave ‘iii’ of (iii) of [iii] next week.
A break of 110.79 will confirm this count.

Monday;
Watch for wave (ii) to hold and wave ‘iii’ up to continue higher.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

There is still a sliver of a chance that the (i) (ii) pattern off the high is correct here.
But I will have to remain open to being defeated here again next week!

I have long favored the ending diagonal pattern in wave ‘5’ blue.
the main reason is the amount of overlapping three wave patterns that are visible over the last 6 months.
and if we couple this with the declining overall momentum on the daily and 4hr charts,
the picture seems to fit quite well.

But alas,
no follow through yet at least!
That day will come sooner rather than later,
but not yet.

Monday;
I will give this pattern one last chance to give us an impulsive move lower.
If that does not happen on Monday,
that will more or less rule out this pattern for wave [v] green,
and possibly even wave ‘5’ blue.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Todays spike higher has switched the focus to a possible expanded flat wave [ii].
The new high today is possible wave (b) of [ii].
and wave (c) will fall back into that 1750 area again to complete the pattern.

The action in gold is quite bullish these days,
but I do think we must have a significant pullback to create that bullish higher low opportunity at wave [ii].

Monday;
Watch for wave (b) to top out very soon,
I suspect we will see a sharp reversal on Monday to begin wave (c) down.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is getting quite close to that wave [b] high at 69.40 again today.
That level forms the first major resistance level to this rally,
and if we break it,
that will confirm the larger pattern.

The pattern off the wave (4) low is a pretty well formed five wave rally now.
We may see a break of 69.40 to complete wave ‘1’,
but it is not absolutely necessary either.

Monday;
Wave ‘2’ should begin next week.
A drop in three waves should fall back into the 65.00 area again to complete.
Watch for wave [a] to begin on Monday and break 66.90 at the previous wave [iv] low.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Todays new high in the S&P has completed a pretty clear five wave pattern higher off the wave ‘iv’ low.
This action has triggered the alternate count for wave ‘v’ now.
and we can expect a larger three wave pattern to develop to complete wave ‘v’ over the coming weeks.

Monday;
Wave ‘b’ should still carry the price down to meet the lower trend line again as this diagonal pattern completes.
A break of 4350 again will signal an end to the rally in wave (v).
and then I will start working on the larger pattern to the downside again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

That vertical move today has complete a five wave move higher in wave ‘c’.
And the pattern has at last broken the wave ‘a’ high at 24.03 again.
This completes a better three wave correction in wave (iv),
as opposed to last nights failed ‘c’ wave scenario for wave (iv).
and I do believe it opens up the possibility for a real decline into wave (v) over the next week.

Monday;
Watch for wave ‘i’ of (v) to drop back below 23.30 at a minimum.