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

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

It used to be the case that the US stock market would rally and the USD would drop.
but now we have the opposite in play,
they have decoupled.
and the USD is going its own way.
This is an indication that the game is changing here and the USD is getting bid up no matter what.
Possibly the wind is changing across the board.

Tomorrow;
I am still watching for wave ‘i’ to complete.
the price spiked lower again today which makes me think that there is a possibility that the price is moving at a higher degree rather than wave ‘i’ pink.
If this is wave (i) blue,
then the market will continue lower towards 1.0600 before any meaningful retracement happens.

Watch for a push back above 1.0900 again to signal wave ‘i’ is done and wave ‘ii’ is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

An interesting thing happened yesterday which I did not comment on!
The price broke below the wave ‘iv’ low at 1.30.
That means we have a full retracement of the previous wave ‘v’ rally now.
And it is a very strong indication that the larger pattern has turned.

WAve ‘i’ is done,
and wave ‘ii’ should correct higher soon.
I have been looking for that correction this week to no avail.
A break above 1.31 again will signal wave ‘ii’ is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Another run higher today has forced me back to the previous count in wave ‘iv’ and ‘v’ pink.
The laregr wave ‘iv’ failed to turn lower again,
and now I am looking at the current rally as wave ‘v’ of (iii) now underway.

If this count is correct,
then we should see a continued five wave pattern higher over the coming days.
Wave ‘3’ of ‘v’ will extend the pattern,
with a five wave internal pattern in its structure.
This pattern means we are now seeing wave ‘3’ of ‘v’ beginning its extension.

Tomorrow;
Watch for wave ‘3’ black continue higher tomorrow with a top near 152.00 as the target.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A new high and another five wave pattern is in play here for wave ‘v’ pink.
The market has rallied back up to meet three trend channels at this point.
It is holding just below that intersection of those three channels at the moment.

I do think we will have a reaction off this area given the fact that three degrees of trend are terminating now.
So it remains to be seen how the market completes the pattern at this point.
The completion of three degrees of trend should give us a serious move lower in line with the largest of the trend channels.
So wave (i) blue is now on the cards.

Tomorrow;
Watch for wave ‘v’ pink to complete at this level.
Wave ‘i’ of (i) should fall back towards 41800 over the coming days.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The action in gold today remains very choppy even though the price pushed out to a new high.
Wave ‘i’ has got to be hitting the end of its run now,
given the fact that momentum has died off here.
Wave ‘ii’ is expected to begin now,
and wave ‘ii’ should fall towards 2630 in three waves.

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to create a higher low as shown.
Wave ‘a’ of ‘ii’ should begin tomorrow.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil has gone strangely quiet today.
I am suggesting that wave (iv) of [iii] is not yet complete after another sideways trade.
Another pop into the wave [i] level at 71.20 is enough to close out the correction,
and then wave (v) should fall back into the 68.00 area again to complete wave [iii].

There is always a risk here that a shock from the middle east will affect the current count and push the market into another pattern.
But as long as wave [iii] of ‘1’ is working,
then I will stick to that.

Tomorrow;
Watch for wave (iv) of [iii] to complete with a spike up above 71.00.
then wave (v) can turn lower again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A very slight new high today in wave ‘v’ pink as the market broke out in wave ‘5’ black.
This brings the pattern very close to an end here.
Wave ‘v’ should top out very soon,
and then wave ‘i’ down will be open to begin again next week.

Tomorrow;
Lets see how the final moves of wave ‘v’ pink develop tomorrow.
5678 is the first level of interest for wave ‘i’ down.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has dropped off that wave ‘1’ high for the last few sessions now,
and I am suggesting that wave ‘2’ black is now underway.
the price should fall back below 31.00 again to complete an ideal second wave pullback.
Then we should see a rally begin in wave ‘3’ of ‘iii’ over the coming week.

Tomorrow;
Watch for wave ‘2’ to complete a clear three wave decline with a break below 31.00.