Good evening all you fine people.

Here we go.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has stalled at a small double top today which may well prove corrective on Monday morning.
I have not changed my opinion on this pair at all over the last week.
All the tell tale signs of a top are in place,
all that is left is the actual turn lower to begin.
That is what I will be looking for next week.

Tomorrow;
Watch for wave [i] down to begin first with a break of 1.1920.
That level has formed a swing point overthe last month.
A break of that level again could bring this rally to an end.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The action in cable has not improved one bit today as we slip back into the overlapping grind mode.
The price popped out above the upper trend line and the previous high at 1.3484 twice today,
only to fall back again this evening.
The slow action has just got slower again in wave ‘v’ of (v).
And the ending diagonal pattern becomes even more fitting.

I am watching 1.3290 as the first indication level for a turn lower.

Monday;
AS with EURUSD,
sentiment readings, the futures market, momentum setup and wave count are all pointing to a turn at hand.
I am beginning to think the first move lower will be a swift selloff from here.

Watch for a move below 1.3300 to signal a turn.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Believe it or not,
but we have now spent two full weeks going nowhere while holding above the 78.6% retracement level.
Wave [ii] is a real long suffering affair,
but this still counts as a possible impulsive wave higher off the recent lows.
Also,
the price has created an inverted head and shoulders pattern around that 103.18 low.
If anything is happening here it sure looks like a trend change in motion.

Monday;
the low at 103.18 must continue to hold and an initial move above 104.75 is expected.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I gotta say,
I dont exactly like the action that has happened this week,
if this is to be an acceleration into wave (iii) of [v],
then we better get on with it soon!

The market has slowed to a snails pace today,
and the idea that this is a rally in wave ‘iii’ of (iii) is loosing appeal now.

But there is no real alternative to the main pattern on the short term count at the moment,
so I will stick with this pattern for now.

We should see a rally begin immediately on Monday if wave ‘iii’ of (iii) is now in play.
And the price should hold above 29500 as this final run higher plays out.

Monday;
watch for wave ‘iii’ to continue higher and accelerate soon.
If we fall again below 29460,
that will raise some serious questions about a new high in wave [v].

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has held below the 1849 low of wave [i] again today.
This does not mean the main count is gaining tractions,
but we have a stay of execution for the moment for wave [iv].

There are only two viable options for wave [iv] now.
That is a triangle as shown,
or a running flat where wave [iv] will complete below 1849.

The alternate count has its own issues as mentioned in the video,
but as long as that 1849 low holds,
then the main count is favored.

Monday;
Both counts call for a decline from this high into wave (b) or wave (ii).
In both cases we should see a drop below 1780 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Maybe its just a slow week,
or maybe a whole lotta markets are just topping out at major extremes!
I am leaning towards the latter on this one!

Crude has completed a five wave pattern off the low of wave [iv] green.
This action has the potential to close out wave [v] at todays highs.
I am looking at the fourth wave low at 44.00 now as the initial signal level for a turn into the next decline.
And if the decline develops in five waves,
that may well seal the deal for a top in wave (4).

Monday;
Next week looks interesting also in the crude market.
As with the stock market,
and the USDFX markets,
we have a lot of signals in place that indicate a top is forming.
we now need a price move to signal a turn is beginning.
That is where I will focus next week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I wonder I wonder!
I have shown a possible wedge forming off the wave [iv] lows this evening.
The price action is narrowing in range as the days go on.
As we scratch out ever smaller gains with this very un-inspiring move higher.

I am still allowing for wave [v] to accelerate as you would expect.
But if this slow and overlapping action continues into the target area at 3722,
and then a reversal happens off that high,
then we will have a case for another top here.

Monday;
Watch for wave ‘iii’ of (iii) to accelerate higher and rule out the wedge pattern for wave [v].
3722 is the first stop,
where wave [v] will reach equality with wave [i].

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I would like to see a larger decline into wave (c) of [ii] on Monday.
The correction in wave [ii] looks incomplete after todays top.
The action into todays top is in three waves so far,
so wave [ii] counts as an expanded flat correction.

I am still looking for a decline into the 23.00 handle to complete wave [ii],
and that should happen on Monday.

I did discuss a couple of viable alternates on the video this evening,
so I would recommend taking a look at that to see the lay of the land here.

Monday;
Watch for wave [ii] to close out early next week with a clear higher low in the area of 23.00.

Thank you all again sincerely for hanging with me this week.

I pray the blessing of Almighty God on you all.
and I pray for your salvation in Messiah Yeshua.

For what does it profit a man to inherit the whole earth if he loses his soul.