Good evening to one and all,

God’s Blessings to you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD turned lower and completely ruined the previous short term count today!
Todays big step down is best viewed as wave (v) of [v] still underway.
The price has not made a new low by breaking 1.1524,
but it came close enough to invalidate the previous count.

Monday;
I will be looking again at wave (v) of [v] completing pretty soon.
the next leg up into wave (E) is long overdue now!

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable got close to invalidating the short term count here also.
Wave (iv) must hold above 1.3649 at the wave (i) high.
A break of that level will make the pattern a little more difficult to discern.
So I want to see wave (v) take over with a rally back above 1.3830 again.

Monday;
Watch for wave (v) of [c] to reverse and head higher in five waves towards the 1.3984 target.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am still tracking a topping pattern here in USDJPY.
The price action is not very inspiring just yet,
but I think we can give it time to develop to the downside in wave ‘C’ over the coming week.
If we do not see a clear five wave decline play out next week.
then I will have to rethink the larger pattern for wave ‘C’ of (2).

Monday;
Watch for wave ‘iii’ of (i) to push lower again and break 112.07 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW if just floating sideways this last few days which fits a possible fourth wave as suggested.
The top of the session today is labelled as wave ‘b’ of (iv),
and this suggests a decline is coming on Monday in wave ‘c’ to compelte the correction.
Ideally I would like to see a break of 35000 again to give a boost to the ending diagonal idea for wave [v].
Then I will look for another five wave pattern higher in wave (v) again.

Monday;
watch for wave ‘c’ to fall into that lower trend line and break the wave (i) high at 35000 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Todays decline can easily be viewed as wave ‘c’ of (ii) taking hold again.
I am willing to admit that the action is less than perfect in this bullish count.
And that is the main reason that I have been harping on about that alternate count as a triangle in wave ‘B’.
If that alternate count is correct,
that will explain why the action is so darn awkward this week!
And on top of that it opens the door for a complete walloping over the coming weeks in wave ‘C’ of (4) again.
This is where I will be focusing on next week.

Monday;
Watch for wave ‘c’ of (ii) to hit 1760 and then rally again into wave (iii) again.
A strong rally above 1850 will rule out the bearish alternate count.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I have given a bit of breathing room to the count in crude oil tonight.
The rally today has overlapped the previous low now labelled wave (a).
The decline off the high has traced out three waves down,
and now a rally is forming in wave (a) of [v].
Wave [v] should head higher again in three waves to break 85.00 again.
And then I can look for a new decline again into wave [i].

Monday;
Watch for wave [v] to head back above 85.00 again to finish this ending diagonal pattern in wave ‘5’.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is not closing at a new high tonight which may be pointing to a larger wave ‘iv’ pattern.
this will bring both corrections in wave (v) into line a little better,
so I am not against this idea either.
Either way I think we can look at a new high forming in wave ‘v’ of (v) next week.

Monday;
Watch for wave ‘iv’ and ‘v’ to complete next week.
If the price breaks 4551 again,
that will trigger the larger correction in wave ‘iv’ as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is still on track but things are getting tight now.
We have a fourth wave nearing completion again today.
The price came down to hit the rising trend line and so far we have a bounce off that line.
I want to see wave (v) get underway immediately now,
so Monday is looking crucial for this count.

Monday;
Wave ‘i’ of (v) must head higher and break above the wave ‘b’ high at 24.24 again.