Good evening to one and all,

God’s Blessings to you all tonight.

EURUSD.

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EURUSD daily.

Wave [b] is taking its sweet time this week and it we are now looking at a possible triangle for wave [b].
If the price holds above 1.1623 again on Monday and then heads higher to break 1.1669,
that will signal wave [c] has begun.

Monday;
Watch for the triangle pattern to hold above 1.1619 at wave (c).
The margin for error here is very tight so the price must continue higher soon.

wave (i) of [v] is set to begin on Monday if this count holds.

GBPUSD

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GBPUSD daily.

cable is moving in a larger corrective pattern this evening in wave (iv) after breaking out of last nights count.
the price is close to filling the trend channel now,
and as long as wave (iv) holds above 1.3650 at the wave (i) high,
then we should see another move towards the target level in wave (v) of [c] on Monday.

Monday;
Watch for wave (iv) to complete this correction by filling out the trend channel and then moving higher again to begin wave (v).

USDJPY.

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Its a pretty weak start off the top of the wave ‘B’ high this week.
But at least its something to work with now.
I would like to see a clear five wave pattern off the top and a break of wave ‘iv’ low at 113.19 in wave (i) blue early next week.
This will allow for a lower high to form below 114.70 in wave (ii).
That action should set the stage for a sharp move lower into wave (iii) by midweek.

Monday;
Watch for wave (i) down to continue developing in five waves.
The high at 114.70 must hold.

DOW JONES.

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The Dow is closing at an all time high this evening but I do not think we are done with that wave ‘4’ correction within wave ‘iii’ just yet.
The price should head lower again on Monday to complete an expanded flat wave ‘4’.
and then we should see another rally in wave ‘5’ to close out a five wave pattern in wave ‘iii’.
Each step brings us closer to another completed pattern for wave [v],
And the sooner that happens the better as far as I can see.

The best alternate count for wave [v] now is a possible ending diagonal.
In this case we should see a series of three wave patterns contracting into the end of the wave.

Monday;
watch for wave ‘4’ and ‘5’ to top out a third of a third rally by midweek.
things should get choppy in the pattern after that as we move into a higher degree wave ‘iv’ correction.

GOLD

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The fact that we have seen a series of sharp spikes followed by sharp reversals is not inspiring confidence this week.
In fact it seem like the opposite of confidence in the market.
that is an interesting mindset as we turn off a recent, major corrective low.
So my contrarian head is thinking that we are actually base building here in the pattern.
the indecision is welcome in that scenario.

Monday;
Wave (ii) is now labelled as an expanded flat correction.
Wave ‘c’ of (ii) should fall into 1760 again to complete this pattern.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is moving higher again today and this seems to be right in line with the current count for wave ‘5’.
The ending diagonal idea allows for wave [v] of ‘5’ to trace out a three wave pattern into the upper trend line at about 85.00 again.
If this count is correct here,
then we are approaching the end of a very real topping pattern over the next few days.
Of course I cannot be certain how this all turns out here,
but as long as we keep tracking higher in this contracting wave form,
then the diagonal pattern fits the bill.
I am open to the possibility that wave ‘5’ will top out next week.
And we may well see a reversal off the top in an impulsive pattern.

Tomorrow;
Watch for wave (c) of [v] to push up the the trend line at 85.00 again.

S&P 500.

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S&P 500 daily.

A five wave pattern is close to complete for wave ‘iii’ up at todays highs.
I am a little concerned with the miss match between waves ‘2’ and ‘4’ of ‘iii’.
But I think we will see a correction begin anyway next week,
And when that is complete we can see if the a different interpretation of wave ‘iii’ fits better.
I think this market is going to be a little tedious over the coming few weeks,
as this series of fourth and fifth waves traces out.
When the pattern for wave (v) up is done,
then we can look lower again as the window for a larger reversal opens again.

Monday;
Watch for wave ‘iii’ to top out and wave ‘iv’ to begin a correction back below 4500 again.

SILVER.

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SILVER daily.

The sharp move higher this morning seems to have put a top in place for wave (iii) of [i].
The price was immediately hit with a spike lower,
and that is viewed as wave ‘a’ of (iv) now underway.
The price should move lower into the rising trend line area at 23.50 again to complete a correction in three waves.
Wave (iv) should find a low by midweek,
and then I will look for wave (v) to turn higher again later in the week.

Monday;
Watch for wave (iv) to fall into the 23.50 area.
Wave (iv) must hold above the wave (i) high at 23.20.