Good evening folks and the Lord’s blessings to you.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The rally in EURUSD is looking a little better today after another correction and rebound.
the correction today takes the wave ‘iv’ label,
and now I am looking for a push higher into wave ‘v’ of (i) to complete up near 1.05 again.

Tomorrow;
Wave ‘v’ must push higher in five waves towards that target.
The wave ‘iv’ low at 1.0370 must hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Wave ‘iv’ has hit a wall at the correct highs today,
and now we have a small double top in play at the end of wave ‘iv’ pink.
the pattern is wave ‘iv’ fits well in a trend channel,
and overall the three wave structure is holding.

Tomorrow;
I want to see an end to this wave ‘iv’ correction,
and one more drop into wave ‘v’ of (v) of [c] over the coming week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am turning back to the wave (ii) correction again after todays action.
the price failed to form a reversal rally this week into wave ‘i’ of (iii).
The action this week has traced out a possible three wave pattern in wave ‘4’.
and now we have a drop back towards the lows of the week again to signal that wave ‘5’ of ‘c’ is still in play here.

Tomorrow;
Watch for wave ‘5’ of ‘c’ to drop back to the lows at 154.75 at a minimum to complete wave ‘c’ of (ii).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

There is not a whole lot more holding this market from hitting the highs again tomorrow.
Today the market broke the 78.6% retracement of wave (i).
and now we have an extended five wave pattern in place for wave ‘c’ of (ii) to complete the correction.

The rally in wave ‘c’ is another in a long line of extreme pushes!
It goes to show that the ability of people to engage in speculation is not yet quenched.
The stock fever is alive and well.

Even though the pattern for wave (ii) is valid,
I can’t be stupid to rule out a new high here.

So.
for tomorrow;
Wave (ii) is done.
But only a shock move lower will validate the pattern for wave (iii).

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding up in a speculative frenzy this week also.
The rising tide of madness is raising all boats it seems!

A small drop back to the trend line is opening the door to a possible top in wave (c) now,
but it will take a larger drop into about 2650 to confirm the move.

Tomorrow;
Watch for wave the price to drop back below the rising wedge of wave (c) to signal that wave ‘i’ is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Another drop in the price today has begun wave (v) of [i] now.
the ideal target for this wave remains at 72.45 at the previous wave [iv] lows.
So if that happens,
then the larger reversal pattern gets a major boost in probability.

Tomorrow;
watch for wave (v) of [i] to complete a five wave drop itself.
A break of the target low at 72.45 will be a strong vote in favor of this count.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is closing at all time highs again tonight.
And I have shown a possible five wave pattern in place even into this high.
this count already suggests wave (v) is done,
but we will have to wait until next week to confirm this idea.

Tomorrow;
Watch for wave (v) blue to close out rally in five waves over the coming days.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has drifted sideways this week without much conviction overall.
the pattern in wave (ii) is still valid.
But there is nothing to confirm a turn down into wave ‘i’ of (iii) yet.
Todays drop is a step in the right direction but a drop towards 29.00 again will be a solid confirmation that wave (iii) has begun.

Tomorrow;
Watch for wave ‘i’ down to take over with a break of the wave ‘b’ lows at 29.50.