Good evening, and Gods Blessings to you all tonight.

I hope you are all well this evening.

I have hit a brick wall regarding my email situation! I cant seem to get through them at all!

Please be patient if you are waiting for a response, hopefully by tomorrow evening…………….

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The rally we saw in EURUSD yesterday in wave (c) has stalled today just below the 50% retracement level of wave [a].
WAve (c) does look complete as a five wave rally into the high.
And now we have a weakness developing off that high.
At the moment it seems that wave [b] is done,
and wave [c] down is close at hand.

Tomorrow;
Watch for wave (i) of [c] to begin with a drop back into the 1.1700 level at wave (b).
Wave [c] should trace out a five wave decline off this high.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is still stuck in a developing ending diagonal at the moment.
Wave ‘v’ of (c) could make another run to the 1.3040 level to complete the pattern.
But I am expecting a reversal into wave [c] to begin pretty soon.

The complete lack of upside momentum is indicative of a completing correction,
and the fact that we are struggling below the 50% retracement level,
all this adds to the picture of a market on the turn.

Tomorrow;
Watch for wave (i) of [c] to begin with a break of 1.2818 at the previous wave ‘iv’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A correction seems to be forming today,
after a narrow range of action which is compressing into this evenings close.

This may well be wave ‘iv’ of (i) still underway.
This action suggests a further spike to the upside in wave ‘v’ tomorrow to complete wave (i).
At that point I will look for wave (ii) to begin.

Tomorrow;
Watch for wave (i) to complete with a break of 105.80 at a minimum.
WAve (ii) should fall into 105.50 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow has almost filled the trend channel in wave [c] of ‘2’.
The price action was quite choppy overall today,
which can be explained by a fourth and fifth wave as shown.

Wave ‘2’ targeted the previous second wave high at 28360 formed on Sept 16th.
This level gave way to a large decline that time,
and I suspect we will see the same again this time.

Tomorrow;
I was expecting to see an impulsive move lower to begin wave ‘3’ this week, and this evenings close has brought it!

IF this decline is wave (i) of [i] of ‘3’, then we should see the market fall for most of the week with only a corrective lower high in wave (ii) tomorrow.

Wave (iii) of [i] should carry the price back below 27250.

A break of 27750 again will confirm wave [i] of ‘3’ has begun.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has again reversed with a small spike lower today.
This action is too little to make any conclusions yet.
But if we see a follow through tomorrow to break 1886 again,
that action should signal wave ‘i’ of (iii) is in force.

Tomorrow;
Wave (iii) down can not be confirmed unless we see a break of 1848 again.

watch for wave ‘i’ to continue lower and trace out five waves down.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is on track to complete a large degree three wave lower high in wave ‘2’ this week.
Wave ‘2’ should complete with a break of 41.70 at the wave [a] high,
and then I am looking for a sharp decline to begin in wave ‘3’ over the coming week.

Todays high has completed a five wave rally in wave (iii) of [c],
with wave (iv) of [c] expected to correct lower tomorrow,
followed by a rally into wave (v) by Thursday evening at the latest.

Tomorrow;
Watch for wave (iv) to hold above the 40.00 handle and then rally again into wave (v).

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

This evenings vertical spike lower is viewed as wave (a) of a three wave decline in wave [b],
which will take the next few sessions to complete.
In the case of a normal flat correction, wave [b] should hold above 3210 at the wave wave ‘1’ low.
And wave (a) of [b] will find support at 3311 at the previous wave (iv).

The main wave count calls for a choppy few weeks ahead as this larger wave ‘2’ continues.

I am looking also at the possibility that wave is already complete at todays high.
This is now the alternate count and if this is correct – its all downhill from here.

Tomorrow;
Watch for wave (a) to fall into the previous wave (iv) low at 3311 in three waves.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Wave ‘5’ go started with a bang today!

After a shaky few sessions waiting for wave ‘4’ to close out,
the price moved sharply lower at the opening bell today.

This move looks pretty impulsive and is now labelled wave [i] of ‘5’ of (C).
The short term count calls for wave ‘5’ to continue lower in five waves
and hit the 20 handle to complete the larger wave [2] correction.

Tomorrow;
Watch for wave [ii] to complete a corrective lower high below 24.49.