Good evening to one and all.

The LORD’s blessings to you all tonight.

I want to ask your forgiveness first tonight!

I am only able to do a short update, as I have to go an open night for a school that my oldest daughter will be attending next year.

I recorded a video earlier which will at least add to the update. Normal service will resume tomorrow, thank you!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The corrective action continued today and so I think we are likely into wave ‘ii’ of (iii) now.
I am watching for another decline into wave ‘c’ of ‘ii’ tomorrow to complete near the 0.9900 area again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable seems to have fallen off the wave (i) high in five waves so far,
and because of that I am suggesting that this is only wave ‘a’ of (ii).
Wave ‘b’ and ‘c’ should complete that three wave correction maybe by tomorrow evening.
And I am looking at the 1.1300 area for a final low in wave (ii).

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The decline out of the triangle wave [b] has created a more substantial lower high this evening.
And I this action seems to fit the larger (i) (ii) labelling better now.
If wave (ii) is compelte then wave (iii) of [c] is expected to begin tomorrow.
A break below 145.00 again will be a good signal that wave (iii) is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

There has not been any major sharp move lower off this new high yet today.
But at least the rally seems to have run out of steam.
I spoke about the momentum divergences that are well underway now in the larger term charts.
And that does sugget a turn lower is coming our way now.
So,
I wait to see if this top will hold at wave ‘c’ of (ii),
and if the expected reversal is going to build off this high.
I am watching that wave ‘4’ low at 31700 again to signal wave ‘1’ of ‘i’ is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold did hit a new high today and has retreated off that high again this evening.
I am suggesting that wave (ii) is now underway here,
so we might see a corective higher low build over the next few sessions near 1660 to complete that bullish higher low scenario.
The recent low near 1616 must hold.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Ok,
I am going back to my most comfortable position as a bear again tonight in crude oil.
the decline off that recent high is now large enough to signal a possible top for wave ‘2’ is in.
The decline off the high also look like a five wave pattern.
If we see a break of the wave (ii) low at 84.80 again that will favor this bearish count.
If this count is correct here,
we should see a bearish lower high build in wave (ii) early next week.

The alternate count is shown as a larger wave ‘2’ underway.
And this decline is only wave [b] of ‘2’ now completing.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

the S&P has declined again today but as I mentioned earlier the decline is only in three waves so far.

Only a break of the wave ‘i’ low at 3695 will signal the reversal into wave ‘iii’ is underway.
A break of 3630 again will confirm that idea.
for the moment,
I will have to wait on tomorrow trade to see if this decline develops in an impulsive manner.
The wave ‘ii’ high must hold from here on out.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am now forced to sit on my hands here and wait for the next move in silver,
to either confirm this bearish count that I have,
or completely deny it the bearish count and move into a big bull run higher in a third wave.
I do favor this wave ‘4’ count,
and because of that I am willing to wait on wave [i] of ‘5’ to get going.