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

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EURUSD.

EURUSD 1hr.

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EURUSD daily.

EURUSD rebounded today and I am looking at that as a possible wave ‘iv’ rally.
Wave ‘v’ is left to complete the larger wave (v) pattern and if that is correct,
then we will see one last drop to break 1.0488 tomorrow.
This will complete wave [c] of ‘2’ and we can begin to look higher into wave ‘3’ next week.
Only a break of the wave (iv) high will confirm the low if wave ‘2’ is in place.

Tomorrow;
Wathc for wave ‘v’ down to break 1.0488 to complete the larger wave (v) blue.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

That small rally today is now viewed as the beginning of wave [iv] green.
Wave (a) of [iv] should trace out three waves up at least.
And todays rally is viewed as wave ‘a’ pink to begin that three wave rally.

Tomorrow;
The low at wave [iii] at 1.2109 must hold and then wave (a) should trace out three waves up towards the 1.2300 area.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A very small cooling of the rally happened today but so far the market is only off 50 pips and the action does look very corrective in nature.
Wave ‘iv’ down has not been proved at all yet,
so I will just have to wait for a larger decline to favor the new wave count again.

Tomorrow;
I am looking at the wave ‘i’ high at 147.86 as the target area for wave ‘iv’ to complete.
Lets see if wave ‘iv’ can make any progress towards that level tomorrow.

DOW JONES.

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DOW daily.

The Dow has rallied off the lows of wave ‘iii’ today and the price has come far enough to consider wave ‘iv’ now in play.
the market has traced out three waves up into the session highs tonight,
And so far the resistance at wave (i) is holding at 34025.
We are in an ideal area to complete this wave ‘iv’ correction now,
But I can’t be certain of count until we get confirmation of wave ‘v’ of (iii) again.

Tomorrow;
WAtch for wave ‘iv’ to hold near these highs.
Wave ‘v’ down should fall back below the wave ‘iii’ low at 33300 again at a minimum.
A break above 34000 again will force me to question the short term count.

GOLD

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GOLD daily.

Gold took another step lower today to break 1870 again in wave ‘5’ of ‘iii’.
I am suggesting that wave ‘iii’ is now complete at todays lows.
and wave ‘iv’ pink should correct sideways from here.
I want to see wave ‘iv’ pink complete below 1884 at the wave (i) lows.
And next week should bring a new decline in wave ‘v’ of (iii).

I am looking at the 1825 level to complete wave ‘v’ of (iii).
That level marks the point where wave ‘iii’ reaches 261.8% of wave ‘i’ pink.
And that would create a satisfactory extension lower in the pattern.

Tomorrow;
Watch for wave ‘iii’ to complete and then we should see a correction higher begin in wave ‘iv’.

CRUDE OIL.

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CRUDE OIL daily.

Crude has now given up on that rally into wave (v) it seems.
The price has fallen back below the previous high at wave (iii) this evening.
I can’t confirm wave (i) down yet,
but the action todays is strong enough to consider this as wave ‘i’ of (i).
Obviously a break of the wave (iv) low at 87.80 again will signal the top is in for wave (4) and wave (i) down is underway,

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to create a bearish lower high to signal wave (i) is in play now.
The high at 94.23 must hold.

S&P 500.

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S&P 500 4hr

S&P 500 daily.

Three waves up in the S&P tonight also now.
This rally has the corrective form so far.
and the price is closing tonight below the session high.
I am suggesting that wave ‘iv’ is now done and wave ‘v’ down should begin from here.

Tomorrow;
The lower target for wave ‘v’ of (iii) lies at 4190 at the 261.8% Fibonacci extension.
The minimum target for wave ‘v’ lies at 4237 at the wave ‘iii’ high.
I would like to see the wave (i) low at 4336 hold.

SILVER.

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SILVER daily.

Silver has held above the wave ‘i’ lows at 22.29 again today and so I think wave ‘1’ of ‘iii’ is in place now.
The price has not made any effort to rise off the lows yet,
but I am looking for that lower high to begin forming tomorrow.
Wave ‘2’ should trace out three waves up to the 23.00 level again,
and then early next week I will look for wave ‘3’ of ‘iii’ to turn down in a big way.
For the moment we have a correction to deal with.

Tomorrow;
Watch for wave ‘2’ to complete in the 23.00 area after a corrective rally plays out.
23.77 must continue to hold.