Good evening, and Gods Blessings to you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has turned off the high of wave (a) today.
Wave (a) reached 1.1756,
And this level becomes the minimum target for wave (c).

Wave (b) is falling in three waves again and should create a higher low above 1.1611.

Tomorrow;
Watch for wave (b) to complete in three waves.
Wave (c) should begin before the end of the day again.
A break above 1.1700 again will signal wave (c) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable did create another spike to the upside again today,
and now we have a small double top in place at the 1.2930 level.
Now we need to see a reversal to the downside tomorrow to validate this short term count in wave (ii) of [c].
If we see a break of 1.3010,
that will trigger the alternate count for wave [b].

Tomorrow;
Watch for wave ‘i’ of (iii) to drop below 1.2776 to signal wave (iii) has begun.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave [i] has not managed to extend as much as I expected it to do,
todays trade is looking more like a reversal into wave [ii] at the moment.
If we see a drop below 105.26 again,
that will signal wave [ii] has begun.

There is still a small chance that wave (v) of [i] will extend up towards that 106.30 level to top out.
I would sure prefer that outcome!
But a break of 105.26 will rule out that idea.

Tomorrow;
Watch for a break of 105.26 to signal wave [ii] is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

We are going to have to see some serious downside action over the next few days to stick with the bearish outlook in the short term.

The market has reached the 78.5% retracement level at todays highs,
and this evening there is the start of something interesting with a nice spike lower.
IF the high today is wave (ii),
then the spike lower must be the beginning of wave (iii).
Wave (iii) has a long way to go on the downside so the next few days action is crucial.

Tomorrow;
Watch for wave ‘i’ of (iii) to push into the wave ‘a’ high at 27100 before completing.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I am actually taking an even more bearish view on the short term prospects for gold tonight!
I have changed the hourly count to show all of the recent decline as wave (i) of [c].
The recent upside correction in wave (ii) has retraced just above 38% of wave (i).
And this count suggests wave (iii) of [c] is left to come with a drop below 1800 expected at a minimum.

Tomorrow;
A drop below 18.48 again will confirm wave (iii) down so we are a ways from that point at the moment.
Lets see if wave ‘i’ of (iii) can drop below 1876 at wave ‘a’ first.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is still showing a three wave rally into the wave ‘ii’ high today.
The price has held below the wave (ii) high at 40.82 and the price has come off the high slightly this evening.
If wave (iii) down is now underway,
then we will have to see a sharp decline now begin in wave ‘iii’ of (iii) as shown.
Wave ‘iii’ should fall into the 37.00 area at the previous wave (b) triangle.

Tomorrow;
Watch for wave (ii) to hold at 40.80,
A break of the wave ‘i’ low will confirm wave ‘iii’ is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Wave (ii) is now better viewed as an expanded flat correction as shown on the hourly chart.
The action today reached to the 78% retracement and now this evening we have a spike lower off that level.
As I mentioned in the Dow,
This decline must pick up momentum to the downside again to confirm the bearish count.

There is an interesting alternate count for the S&P which is shown circled in red,
this involves a leading diagonal into the wave [i] low.
And now the price is moving within a correction in a larger wave [ii].
the action over the next few sessions will be crucial to figure out which is correct.

Tomorrow;
Watch for wave ‘i’ of (iii) to continue lower to break below 3300 again.
Wave ‘ii’ should complete a lower high by Friday evening I suspect.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver it falling today and the action is beginning to look impuslive.
So far the price has fallen in three waves off the wave ‘4’ high.
If this decline continues tomorrow and breaks the wave [b] triangle low at 22.55,
that should be enough to confirm wave ‘5’ is underway.

Tomorrow;
Watch for wave ‘5’ to continue lower.
Wave [iii] of ‘5’ should break 22.55.