Good evening folks, the Lord’s Blessings to you all.

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We have a small lower high now in place for EURUSD in wave ‘2’ of ‘i’.
the rally has reversed lower again this evening,
and I am suggesting this move is the beginning of wave ‘3’ of ‘i’.
I want to see a full retracement of the previous rally in wave ‘c’ as wave ‘i’ completes.
So that gives us a target at 1.0517 for wave ‘i’.

Tomorrow;
wave ‘3’ of ‘i’ should make most of the progress towards that target level,
so watch for a break of 1.06 in wave ‘3’ of ‘i’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable turned lower again today also.
Wave ‘iii’ of (i) is expected to break 1.2200 again at the wave ‘a’ high,
that will confirm this pattern,
and we should see a target low in wave ‘iii’ nearer to 1.2100 again when it is complete.

Tomorrow;
Watch for wave ‘ii’ to hold at 1.2300.
Wave ‘iii’ should continue lower as suggested.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am thinking about the alternate counts for USDJPY now as wave ‘b’ becomes less and less likely this evening.
The price is very close to hitting a new high above 151.71 now.
so I know we are on the verge of invalidation.
The first alternate count is just a variation of the previous wave (v) blue.
Where wave (v) has a more complex internal pattern.
I am going to wait to see how the action develops now to see what is the best fit pattern.
I will be honest.
This is the most un-impulsive looking wave (v) rally if this is what we are dealing with here.
So I will have to scratch my head a little harder tomorrow to figure this out.

Tomorrow;
If the price breaks above 151.71 again that will invalidate this pattern.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW took a step lower off the recent highs today,
and now there is a chance at least that the price will develop impulsively to the downside from here.
I am looking for a five wave decline in wave ‘i’ of (i) to develop by tomorrow evening,
And that will leave the bigger acceleration to next week.
That does leave us in a bit of a bind until we see that impulsive move lower actually develop.
So we have another waiting game here until this does get going.

Tomorrow;
Watch for wave ‘i’ of (i) to continue lower to trace out five wave down.
With a target for wave ‘i’ somewhere around 33500 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold made a low today with a break of 1945 and then reversed higher again this afternoon.
I am suggesting that a three wave pattern higher in wave (b) is now underway here.
And todays pop off the low is wave ‘a’ of (b).
Wave (b) itself should retrace towards the 1980 area to complete if this pattern is correct.
And just like the stock market,
this pattern will leave the larger acceleration in wave (c) until next week sometime.

Tomorrow;
Watch for wave (b) to complete a 50% retracement of wave (a) with a break of 1977.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

A small bounce today off the lows is suggesting a turn into wave ‘iv’ is beginning.
This is still early days here,
so we need more upside tomorrow to confirm this pattern.

I have labelled wave ‘a’ and ‘b’ of ‘iv’ complete at todays higher low.
and that leaves wave ‘c’ of ‘iv’ for tomorrows session.
Wave ‘c’ of ‘iv’ should break above 77.07 at a minimum.
And the upper limit for wave ‘iv’ lies at the wave ‘i’ low at 80.13.

Tomorrow;
we have a target area for this correction in wave ‘iv’ to complete.
Watch for a turn higher again into wave ‘c’ early tomorrow.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

the market has turned lower this today,
and I am looking at a possible impulse wave down into wave ‘i’ of (i) this evening.
We need more confirming price action tomorrow to get excited about the prospects for wave (i).
But todays move is a step in the right direction at least.

tomorrow;
Watch for this weeks high to hold at wave [ii].
We need a five wave decline into wave ‘i’ of (i) to get going now.
and I am looking at that 4266 area at the previous wave ‘iv’ high as a possible support for wave ‘i’ to reach.
Lets see how it goes tomorrow.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver completed a three wave rally today in wave ‘b’ of (ii).
and so far the high of the session held just below the 23.00 handle to complete that pattern.
The price reversed pretty sharply off todays highs.
and that is a strong hint that wave ‘c’ of (ii) is now underway.

Wave ‘c’ will be confirmed with a break below 22.28 again.
we should see a five wave decline trace out in wave ‘c’.
And I am looking for a low in wave ‘c’ of (ii) near that 62% retracement level at 21.78 again.

Tomorrow;
WAtch for wave ‘c’ to continue lower in five waves and hit that minimum target at 22.28.