Good evening to one and all.

The LORD’s blessings to you all tonight.

This is a holiday week in the US with Thanksgiving day on Thursday.
The Markets are closed on Thursday,
so I will be closed that night also!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The price is slowly moving higher in wave ‘v’ of (iii) as suggested today.
The high of the session so far reached that previous wave ‘b’ high at 1.0388,
I am taking that as a vote in favor of this count,
but as yet there no clear confirmation that wave ‘v’ is underway.

Tomorrow;
The count is moving along reasonably well so far,
but I want to see a break of 1.0484 to confirm the count.
The low at wave ‘iv’ of 1.0222 must hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The count in cable got a nice boost today.
the price broke above the previous high at wave (iii) at 1.2029,
and that acceleration higher does fit with the wave ‘iii’ of (v) interpretation.
The fact that we saw a new high today means that we have hit the minimum target for wave (v) and the overall pattern.
I would prefer to see the higher target get hit this week also to complete wave [c] at that equality level with wave [a].
From here on out it is all a bonus,
and I suspect next week will begin a big reversal into wave ‘B’.

Tomorrow;
Watch for wave ‘iii’ to complete five waves up and then a small consolidation in wave ‘iv’ should happen.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The change happened that I was worried about today.
the price broke lower out of its wave [a] rally to complete wave [a] at that recent high of 142.27.
and now we have a three wave decline underway off wave [a].
I view this as wave [b] of ‘B’.
The price has hit the internal wave (b) low this evening so I am looking for this level to offer support to wave [b].
And if this count is correct,
then we will see a rally begin in wave [c] over the following few days.

Tomorrow;
Watch for wave (b) to complete soon.
The price must hold above 137.71 and then reverse higher to begin wave [c] before the end of this week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow came very close to hitting that 34285 high which marks the summer high at wave (a) of [ii].
It seems the price is close enough now for this wave [ii] pattern to qualify as an expanded flat rather than a running flat.
we will see how Friday goes.
As yet there is no topping signal for wave [ii].
But we still have one more day in this trading week as the market is closed in the US tomorrow for the Thanksgiving holiday.

You all kinow where I stand on this market.
The final throws of an upside correction can fool almost everyone into thinking that all is well.
And just like last summer,
the reversal that comes after this rally will most likely shock the living daylights out of market watchers.

Friday;
I don’t have to re-iterate all the signals that I have spotted again to you,
like I said,
you guys and gals konw where I stand here.
The only thing I can add to the short term count here is that the ending diagonal pattern for wave ‘v’ is now done,
lets see if we gat a break lower beginning next week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

despite a sharp drop to a new low today I still think that we are in the midst of a wave ‘b’ correctoin in gold.
The price dropped in three waves to a new low at 1724 in wave ‘b’ of ‘b’.
and now we have an equal and opposite reaction higher in wave ‘c’ of ‘b’.
The rally this evening has broken above the previous wave ‘a’ high
and now we have a done enough to suggest wave ‘b’ is complete as an expanded flat correction.

Friday;
Watch for wave ‘b’ to hold tomorrow at or near this closing level in a very light trade.
The proce should return lower on Fridays to begin a five wave decline in wave ‘c’ of (ii).

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude turned lower today in line with the short term count.
The decline has done enough today to suggest that wave (iv) is complete at Tuesdays high.
and now wave (v) is underway.
We should see a clear five wave decline in wave (v) as shown.
A new low below 75.30 should be made as wave (v) completes.

Friday;
Watch for wave (v) to break to a new low and complete five waves down in wave [i] green.
Next week looks like we are lining up for a recovery into wave [ii].
The initial target area for wave [ii] lies at 83.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I have switched to the alternate count this evening for wave ‘c’ of (ii).
There is a good chance that the market will push to a new high above 4040 to complete five waves up now.
The internal triangle for wave ‘b’ is now replaced by an expanded flat correction.

That new high has not been hit just yet,
so I suppose last nights count still has a very slim hope of being valid.
We will see if that is correct or not over the coming days.

In a way it is a moot point now,
as both ideas for wave (ii) are anticipating a top imminently,
and a steep decline into wave (iii) coming our way.
It is a matter of days now,
so next week is again open for a major decline if this count proves correct.

Friday.
Watch for wave ‘5’ of ‘c’ to top out with a break of 4040 and then reverse into wave ‘i’ of (iii) next week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have switched to the alternate view on this decline also tonight.
This pattern was not my favored outcome for wave [i],
but I have to deal with the reality and not my desires when it comes to the pattern.

There is a clear five wave decline into the low at wave [i].
And now we have a threew ave correction higher to complete a lower high in wave [ii].
The all important wave [iii] of ‘5’ down is now set for next week.
And that decline should bring us back into the mid teens area over the coming month.

AS for this week,
wave (i) of [iii] is expected to break back to a new low below 20.56 again in five waves.

Friday;
watch for the wave [ii] high to hold below the recent wave ‘4’ high.
A break of the 21.00 level again will signal wave (i) of [iii] is underway.