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

I have kept this a secret over the last few days,
but I am bed ridden with a flu since Wednesday.
and I am still not over it,
so yes,
I am in my bed as I write!

Anyone who has emailed me this week please be patient!
I will get back to you over the weekend hopefully.
God bless you all.
Enda.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The rally in EURUSD has not lasted long.
the price turned lower again today but I am viewing this as wave ‘b’ of (ii) at the moment.
And I am looking for wave (ii) to continue higher again next week.

Monday;
Wave ‘b’ should hold above the wave (i) lows at 1.0763.
And I am still holding the 50% retracement as a target for wave (ii).
So a break above 1.09 will signal the top is near for wave (ii).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The action in cable today is still in a corrective mode I think.
I have moved the target for wave ‘2’ up slightly to allow for a larger correction as shown.
So a break of 1.30 again in three waves will signal wave ‘2’ is done,
and wave ‘3’ should turn lower from there.

Monday;
Watch for wave ‘2’ to complete below 1.3072 and then wave ‘iii’ down should continue with a break of 1.29 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is moving along in the pattern gain today and I am suggesting that wave ‘4’ is not yet complete.
The price has risen in a corrective manner today.
and this is viewed as part of wave ‘4’.
WAve ‘4’ should take one more step lower and then complete above 150.32 if all goes to plan.

Monday;
Watch for wave ‘4’ to complete by Monday evening and then wave ‘5’ can carry higher as shown later in the week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Well,
we now have five waves down in place off the highs after todays spike lower.
The next target lies at the wave ‘iv’ lows at 41800.
And wave ‘5’ of ‘i’ will ideally complete below that level.
That is the signal that I am holding out for in the DOW.
If that happens,
then I will look for a bearing lower high next week in wave ‘ii’.
And the pattern will then be setup for a larger decline.

Monday;
Watch for wave ‘5’ of ‘i’ to complete with a break below 41800.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is on track to complete a larger wave ‘b’ tonight.
Three waves up have formed over the last few days which suggests a lower high scenario.
And wave ‘c’ of ‘iv’ should fall again to complete with a break of 2700.
If this pattern is correct,
then we are looking at the middle of next week before the market turns higher into wave ‘v’ again.

Monday.
Watch for wave ‘c’ of ‘iv’ to complete at about 2700 to close out the correction.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

crude is moving in line with the pattern also tonight with a rebound off the wave [b] lows.
the price should now trace out five waves up into the middle of next week.
and then the large wave ‘2’ lower high will be complete by the end of the wee if all goes well.
At that point we can begin to look lower into wave ‘3’ for the longer term.

Monday;
watch for wave [c] to complete five waves up near 74.00 at the 62% retracement level.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A three wave rally completed at todays high,
and then a sharp reversal off that level into todays close.
The rally has created a lower high,
but I can’t escape the corrective look to the whole scenario here.
I am going to give this one the benefit of the doubt early next wee to see which way the market goes.

Monday;
A break of support at 5678 will be in favor of the wave ‘i’ idea.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Wave 4 seems to have completed at todays lows and a rebound off the low suggests wave ‘5’ is now underway.
Wave ‘5’ will rally to a new high for the pattern as shown and the minimum target for wave ‘iii’ overall lies at 35.13.
This level is where wave ‘i’ and ‘iii’ reach equality.

Monday;
Watch for wave ‘5’ of ‘v’ to reach to a new high above 35.13.
A break out above the channel will favor the wave count even better.