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Good evening to all!

I did not get to do the video this weekend,

I’m afraid I just did not have the energy!

Our household is now back to full health again Thank GOD!

So back to normal this week.

Ok,

On with the show.

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EURUSD.

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EURUSD 1hr.

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EURUSD reached a high at 1.1179 today to top out wave (c).
We have a spike lower off that high in place this evening
which may be the beginning of the turn lower in wave (i) of [iii].
If that is the case,
this week will be a solid down week in wave (i) brown.
If we see a clear five waves down off the high in wave ‘i’ of (i)
and a break of 1.1109 again,
that will signal wave (i) has begun.

Tomorrow;
Watch for wave ‘i’ pink to continue lower and break below 1.1100 again.
Wave ‘ii’ should then create a bearish lower high below 1.1179 by early Wednesday,
if all goes to plan.

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GBPUSD

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GBPUSD 1hr.

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Cable is topping out in wave [ii] also right now.
Although the price did manage a slight new high today in wave (c),
I think this will be short lived as wave (i) down should get underway this week.

I am waiting for an impulsive move lower off the eventual high in wave ‘i’ of (i) of [iii] over the coming days.
Once we see a break back into the trend channel again,
that should indicate wave ‘i’ of (i) has begun.

Tomorrow;
Watch for wave ‘i’ to begin with a spike lower into 1.2800 again.
A lower high in wave ‘ii’ should give us a low risk opportunity to catch the first leg down.

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USDJPY.

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USDJPY 1hr.

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It is looking like a slow week ahead for USDJPY!

Price traded higher in wave ‘a’ pink today,
which should begin the larger wave (b) of [iv] as shown.

Overall wave (b) should trace out a three wave pattern higher
and most likely this will create a lower high below wave [iii] at 108.93 by tomorrow evening.
Wave (c) should fall below 108.24 bey the end of the week to close out the larger correction in wave [iv] green.

Tomorrow;
Watch for wave ‘b’ to complete at about 108.40 before turning higher into wave ‘c’ later tomorrow.

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DOW JONES.

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DOW 1hr.

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I am expecting the market to grind higher this week in wave (v) of [iii].
There is a good chance this rally will create a new all time high above 27398
before falling back into wave [iv] again.

I am very aware that the current market action is quite weak,
with diverging market internals and momentum.
This does not rule out a new all time high,
but it does mean that any new high will be very short lived.

With this in mind,
I have shown a possible alternate count
which views the current correction as wave [iv],
and the expected rally as the final move higher in wave [v] of ‘5’.
If this is correct,
then this rally will end before the month does.
And November will herald in a new major selloff.

All in good time.

Tomorrow;
watch for wave (iv) to find a low soon.
Wave (v) of [iii] should rally for the coming days.

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GOLD

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GOLD 1hr.

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Gold is still stuck within a corrective sideways grind today.
there is a few different ways of viewing this action.

the most bullish interpretation is shown on the short term chart.
Wave (ii) completed last week,
and wave (iii) is beginning with a series of higher lows now,
before rallying in wave ‘iii’ of (iii) later this week.

We could also call view this action as part of wave (ii) still ongoing.
In that case wave (ii) will break 14.74 again and complete above 1460.

One final correction interpretation views the larger wave [iv]
as a triangle which is now completing.
In this case,
wave [v] should turn higher again this week.

All in all,
I think we are on the verge of another leg up in Gold in wave [v],
which could last until the end of the year.

Tomorrow;
Watch for 1474 to hold and wave ‘iii’ of (iii) to push back above 1500 again.

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CRUDE OIL.

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CRUDE OIL 1hr.

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Crude did fall today but so far the decline is in three waves off the wave ‘ii’ high.
This action may favor the alternate count slightly,
but I will not switch to that count until we get a break of 54.93 again.

For the moment,
I will expect to see further declines in wave (i) for the rest of the week.
If we get a break of 52.46 again,
that will confirm wave ‘iii’ of (i) has begun.

Tomorrow;
watch for price to return lower again in wave ‘iii’ of (i).
54.93 must hold.

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S&P 500.

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S&P 500 1hr

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I think the S&P is further along in its wave count than the DOW.
The best way to view the current action,
is as part of a correction in wave [iv] of ‘5’.
Wave [iv] should complete in the next few days and wave [v] is set to rally to new highs by next week.

Todays rally is a corrective one in wave (b) of [iv].
Wave (b) could get higher if this wave [iv] is an expanded flat.
Even so,
tomorrow should bring wave (c) of [iv] and that will carry us back to 2975 again.

Tomorrow;
watch for wave (b) to top out soon and wave (c) to fall again to support at 2975.
Wave [iv] should hold above 2959.

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SILVER.

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SILVER 1hr

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Silver is off the highs this evening again,
but I think this drop may only be part of another impulsive higher low,
which is now building to begin wave ‘iii’ up.
Price should continue to hold above 17.15 as wave ‘iii’ gets underway this week.

Tomorrow;
Watch for this minor correction within wave ‘iii’ to complete above 17.15.
A break of 17.86 again will signal that wave ‘iii’ has begun.

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U.S 10YR.

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US 10YR 1hr.

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Wave (ii) may have topped out at Fridays highs,
as the market moved lower again today back into the 129.50 level.
Wave (ii) does look a little on the small side but,
if wave (iii) is now underway,
then wave ‘i’ of (iii) should push down towards 128.50 over the coming days again.

The alternate view of wave (ii) allows for another run higher in a larger pattern back to 130.57.
If we see a break of 130.00 again that will trigger the alternate count.

Tomorrow;
Watch for wave ‘i’ to break 129.467 again and continue lower in five waves.

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