Good evening to one and all,

God’s Blessings to you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has risen enough today to suggest that wave ‘c’ of (iv) is underway.
If this pattern is correct,
then wave ‘c’ is moving higher in a five wave pattern today.
This pattern suggest we have another step higher to go before wave ‘c’ is done.
I am still looking at that previous fourth wave level at 1.1460 to complete this correction in wave (iv),
but that may be a stretch goal at this point.

Tomorrow;
Watch for wave ‘c’ to continue higher towards 1.1460.
The price should hold above 1.1293 at the wave ‘b’ low.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

GBPUSD has filled a trend channel off the wave [i] low today.
There are a few ways to view this action,
The main count shows wave (c) underway with the target up near the previous fourth wave.
However you could also say that the three wave rise off the low is only wave (a) of [ii],
Even in this case the target will remain the same.

Tomorrow;
Watch for wave (c) to complete five waves up near that 1.3600 level again.
That will complete a 50% retracement and we can look lower again into wave [iii] next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The pattern off the top at wave ‘B’ has created a possible (i) (ii) bearish impulse wave lower.
If this is correct,
then we will se a follow through move in wave (iii) over the next few days.
And I think the wave (iv) low is looking likely as a target level for that wave (ii) to complete.
This action does suggest wave ‘C’ down is now underway,
A break of that 112.70 low will create the way for a larger decline into the 107 handle again over the coming weeks.

Tomorrow;
Watch for wave (iii) of [i] to begin with a break of 113.74 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market dropped again today to break the lower trend channel line and fill the channel.
This completes five waves down in wave ‘c’ of (iv).
A nice spike off the low this afternoon suggests that wave (iv) is complete and wave (v) up is underway.
Wave ‘i’ of (v) should push back towards the wave ‘b’ high at 36300 again in five waves again.

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to to create a higher low possible by Monday evening.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is drifting lower today but without making much progress at all really.
Overall I am looking for a short sharp drop into about 1830 again to complete three waves down in wave ‘ii’ pink.
The price should then be set for a larger rally in wave ‘iii’ of (iii).
The alternate count shows wave ‘iv’ already complete as a running flat correction at the 1849.50 lows.
If we see a rally back above 1876 again that will signal wave ‘v’ of (iii) is underway.

Tomorrow;
Watch for wave a break of 1849.46 again to signal wave ‘ii’ is still in force.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has bounced off the lower trend channel line today and this should be enough to signal that wave ‘4’ is finally over.
Wave ‘5’ is still expected to move higher in five waves over the coming weeks.
But first I will need to see a clear break above the wave [b] high to confirm wave [i] of ‘5’.
I have shown todays small rally as wave (i) of [i] of ‘5’.

Overall wave ‘5’ should hit that 90.00 area when complete.
Wave [i] has a target at 83.00,
and wave (i) has probably done enough to call that complete.

Tomorrow;
Watch for wave (ii) to hold above 77.00,
and wave (iii) to begin.
A break of The wave ‘4’ low again will be a blow to this bullish outlook.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has created a three wave decline into to form a higher low above 4631 at the wave ‘iv’ low.
This afternoon brought a pop off the low and now the possibility that wave ‘3’ of ‘v’ is underway.
Wave ‘3’ should push t a new all time high maybe even tomorrow,
but most likely Monday as the pattern builds out a little more.
At this pace I suspect wave ‘v’ is going to take up another week of trading to get out of the way.
It looks like we will have a new all time high and a completed pattern just in time for thanksgiving!

Tomorrow;
Watch for wave ‘3’ of ‘v’ to continue higher again tomorrow.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The decline in silver today is a little less impulsive than expected really.
It is possible that wave ‘b’ is still in force here as an expanded flat.
but the break of the wave ‘a’ low is enough to give this count time to develop.
The aim remains the same here,
watch for wave ‘c’ to fall in five waves into the 24.00 area to complete a bullish impulse wave.

Tomorrow;
24.20 marks the 50% retracement level of wave (i).
I think that is a reasonable initial target for this wave ‘c’ to hit.