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

Zechariah 12:2

“Behold, I will make Jerusalem a cup of trembling unto all the people round about, when they shall be in the siege both against Judah and against Jerusalem.”

This prophesy was written in the 6th century bc.

Does this statement sum up the current political situation in the world these days??

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Finally a small rebound off the lows of wave (i).
I am suggesting that wave (ii) is now underway here.
Overall wave (ii) should reach the 50% retracement level at 1.0988 after a three wave recovery.
This correction will take us into Late Monday at least I suspect.

Tomorrow;
Watch for wave ‘a’ and ‘b’ of (ii) to create a higher low above 1.0763.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Tracking three waves up in wave’2′ of ‘iii’ today.
This correction should complete by tomorrow,
and then early next week I will be looking for a sharp turn lower into wave ‘iii’.

Tomorrow;
Watch for wave ‘2’ of ‘iii’ to hold below 1.3070 and then a turn lower into wave ‘3’ of ‘iii’ can begin.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Yesterdays drop off the highs as traced out five waves down.
And this action suggests wave ‘4’ is a simple zigzag correction.
WE should see a 5.3.5 pattern to complete wave ‘4’ over the coming few days,
and then I will look higher again into wave ‘5’ of ‘v’.

Tomorrow;
Watch for a three wave correction in wave ‘4’ to complete above 150.32 at the wave ‘1’ high.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Today we have moved from a ‘possibly’ to a maybe!
That is not much of an improvement,
but the pattern off the highs has only traced out three waves down so far.
I am looking for a five wave decline in wave ‘i’ to break 41800 and we are one step closer to that pattern now.
Sp lets see how the rest of the pattern develops into that target at 41800.

Tomorrow;
A small sideways move in wave ‘4’ should develop tomorrow and then one more step down into wave ‘5’ as suggested.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A rebound today is labelled wave ‘b’ of ‘iv’ at the moment.
This requires one more drop into wave ‘c’ of ‘iv’ tomorrow.
and then next week we should see a rally to a new high in wave ‘v’ of (v).

Tomorrow;
Watch for wave ‘c’ to turn lower and hit support at 2685.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

It looks like wave [b] completed today as an expanded flat correction.
And if this is correct,
then we should see a rally into wave [c] over the coming few days towards 74.00 to complete three waves up in wave ‘2’ blue.
It looks like we will see a rally early next week to complete wave ‘2’ and then wave ‘3’ blue will be ready to turn lower again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&{ is tip toeing lower this week without any convincing move into wave ‘i’ yet.
that may come tomorrow to give this count a boost,
but I wil remain hands off on this one until the pattern clears up.

Tomorrow;
Watch for another step lower towards support at 5678.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has completed three waves down today and if wave ‘4’ is now complete at the session lows,
then we should see a rally tomorrow into wave ‘5’ of ‘iii’ as shown.
That will complete wave ‘iii’,
and we can look forwards to a rally into wave ‘5’ of ‘iii’ next week.

Tomorrow;
WAtch for wave ‘4’ to hold above 32.17 and then turn higher into wave ‘5’ towards 35.13.