Good evening ladies and gentlemen,

may the Lord shower His blessings on you all tonight.

Here’s the video from earlier this morning, not a whole lot happened today so the video still stands.

Tomorrow is thanksgiving so I will be back again on Friday evening to wrap up the week.

Ok here we go.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The price is so close to the mark now that it looks like EURUSD will now fill the channel in wave [v] green.
Once we do that I am pretty sure that we will see a rally to begin wave (E).
That will happen around 1.1140 or so.
The previous fourth wave at 1.1375 is the level to watch.
I wanted that to happen this week but I can’t be sure now with the holiday setting in in the U.S!

Tomorrow;
Watch for wave any small impulsive move higher to form a higher low back above 1.1200 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable made another small move lower today and broke the wave [i] low again.
This pattern is still viewed as an expanded flat wave [ii],
I think only a large move lower will change my view on this.

Tomorrow;
Watch for wave (c) to begin by spiking back above the wave [i] low at 1.3353.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Its funny when a topping process just gets tedious after a relentless rally!
But that is where we are now.
The current action calls for a reversal to begin just by the very extended nature of the recent move.
I know I have held this view against the rise this week,
but the larger pattern demands a retracement now.
And I think we will get one no matter what the pattern in operation here is.
I went through this in the video this morning.

Tomorrow;
Watch for wave (v) to top again and a sharp move lower to begin wave ‘C’ should happen before the end of the week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Again we have another day of un-inspiring action here!
So far the move off this weeks lows at wave (iv) is less impulsive and more corrective.
This is a nod in favor of the alternate count,
but I am not completely on board with that bearish view just yet.
It will take an acceleration lower to break 34500 again to convince me of that view.

Tomorrow;
I think we can give this count a few more days to be validated or invalidated.
Lets see what Friday brings.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Let me take you through that alternate count again on the 4hr chart.
This involves a larger triangle in wave ‘B’,
before a further decline in wave ‘C’ will come in later in the year.

In this scenario, this weeks action is the beginning of wave [d] of ‘B’.
And wave [e] of ‘B’ will rally in three wave to continue the range contraction later in December.

As for the main count,
I think if the price breaks the 1758 low at wave (ii),
then we will have to hard at this count over the coming weeks.

Tomorrow;
If we do not see a rally to begin wave ‘iii’ of (iii) by the end of this week,
then I fear we will have to switch counts.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is holding the gains today but without a break of that fourth wave high at 79.26.
I think we can view todays highs as wave ‘iii’ of (i).
wave ‘iv’ may also be close to done.
But this count does call for a rally into wave ‘v’ of (i) to complete the pattern.

Tomorrow;
Watch for wave ‘v’ of (i) to push above that wave (iv) high to complete wave (i).

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Again this is another ‘maybe’ day!
If this is the top,
then its a great time for elon musk to be selling his shares eh!

As for the pattern today.
It is surely corrective to the upside and in three waves also.
So this is a possible candidate for wave ‘ii’.
Obviously there is not enough action yet to call this market topped,
but I won’t complain if we see more downside to confirm that idea over the coming week.

Tomorrow;
firstly we need to hold below the top,
and then continue lower into a possible wave ‘iii’ after that.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

the action today is again quite corrective looking off this weeks lows.
I am looking at a possible wave ‘iv’ correction in three waves as shown.
If wave ‘iv’ does complete a weak correction higher by Friday,
then wave ‘v’ down should come next and drop back below 23.00 again to complete the expanded flat correction in wave [ii].

I have not abandoned the bullish outlook for the metals in general,
but if gold does slip into an extended wave (4) correction,
then silver will likely follow in its wave [2] correction.

Only time will tell I’m afraid.

Tomorrow;
Watch for wave ‘iv’ to complete a three wave correction and then turn lower again into wave ‘v’ by Friday evening.