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

EURUSD.

EURUSD 1hr.

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EURUSD daily.

EURUSD is a dead market today,
There has been absolutely no answer to the decline in wave ‘i’ this week.
I am suggesting that a corrective rally will come next week in wave ‘ii’,
but that should be shorty lived,
and wave ‘iii’ down will continue the trend change later next week.

The larger pattern shows a top in wave [b] now in place,
and wave [c] down will be brutal.
The minimum target lies at the 1.04 area at wave [a].
And we may even see parity here by the time wave [c] of ‘2’ is done.

Tomorrow;
Watch for wave ‘ii’ to turn higher in three waves to hit the 1.1050 area early next week.

GBPUSD

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GBPUSD daily.

A similar sluggish day in cable today with a low in wave ‘i’ pretty much done,
wave ‘ii’ is expected next week.
And I am looking at a top for wave ‘ii’ at about 1.3200.
Wave ‘iii’ down will carry the price back below 1.2800 when it does take over by the end of next week.

Monday;
Watch for wave ‘ii’ to track higher in a three wave pattern early next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am still unsure if wave ‘iv’ is still in play here to be honest.
the rally into wave ‘v’ hit a brick wall today,
and the alternate wave ‘iv’ is still a valid option.

Monday;
If the price turns higher early on Monday that will confirm that wave ‘v’ is underway.
147.33 must hold and wave ‘3’ of ‘v’ must continue higher.

DOW JONES.

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The delusion continues.

I don’t have much to say about the stock market to be honest.
the higher it goes,
the more depressed I get when I look at it!

the Dow broke out to a new high today in wave ‘v’ of (v) again.
The internal pattern of wave ‘v’ pink is close to a five wave pattern after todays rally.
Wave ‘5’ of ‘v’ has brought us to this new high so a reaction off the highs should come next week.

Monday;
Lets see how sustainable this new high is.
wave ‘v’ is now done,
and we should see a drop back into wave ‘i’ again next week.

GOLD

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GOLD daily.

Gold got caught up in the rally today also,
another bad sign that gold is just along for the ride in the everything bubble!

The price is sitting at a lower high this evening,
and this could be a possible wave ‘b’ rally complete already.
The previous wave ‘b’ high has been met at the session highs,
so I will look for a turn lower into wave ‘c’ of (iv) next week.

Tomorrow;
WAtch for wave ‘c’ of (iv) to fall in five waves to break 2600 again.

CRUDE OIL.

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CRUDE OIL daily.

The price has rebounded pretty strongly today and now it stands just below the 62% retracement level.
I am showing wave [ii] complete at todays highs,
but I can’t be certain about that.
There is every chance that wave [ii] will drag on and build a larger flat correction sideways over the coming week.
We should know by Monday evening if that alternate idea is more fitting.

Monday;
A sharp drop back below 71.22 gain will signal wave (i) of [iii] is underway.

S&P 500.

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Its lonely for a bear when the stock market runs to a new high!

Wave ‘v’ has pushed slightly higher today in wave ‘v’ pink.
Although the price is sitting in the center of the rising channel here,
there is very little power behind todays move.
Maybe that will come on Monday the price will push higher to close the channel again.
We will see for sure.

The larger wave (v) blue has a clear five wave internal pattern in place,
so it remains to be seen if that will be enough to put a top in for the larger pattern.
I wait with baited breath!

Monday;
Watch for wave ‘v’ of (v) to close out as shown.
I will be looking lower into wave (i) by the end of next week again.

SILVER.

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SILVER daily.

Silver extended higher today and that action suggests that wave ‘c’ of ‘ii’ is now complete at this weeks lows.
That idea brings with it the possibility that wave ‘iii’ of (iii) is about to kick off.
and if that is true,
then we will see a powerful rally develop over the coming weeks.
Don’t jump on the band wagon yet.
this pattern needs some more evidence in its favor.
That should come next week.

Monday;
Watch for wave ‘ii’ to hold at 30.11.
wave ‘iii’ up should continue to work higher over the coming few days.
And if we see a bullish higher low above wave ‘ii’ that will be a good signal that wave ‘iii’ is underway.