Good evening all you fine people.

And may the Blessings of the Lord of Hosts be with you all tonight.

Here is the weekend video.

A quick look at gold sentiment first.

On with the show.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We do have another range contraction today after a three wave decline this week.
If you take a look at the red trend lines,
you can see that the price is holding above that lower line this evening.
I am wondering if we are already moving higher in wave (v) today.

This is the count I have shown tonight.
Wave [v] is an ending diagonal.
And wave (v) of [v] should trace out three waves up.

Monday;
We should close this pattern out by Tuesday evening at the latest I expect.
I am watching 11.1920 as the major signal level to confirm a turn into wave ‘D’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

We have a clear three wave pattern loser complete at todays low.
This is labelled as wave (a) of [a] this evening.
Wave (b) should push higher in three waves early next week.
And then wave (c) should bring a sharp decline in five waves as shown,
and that will complete wave [a] of ‘D’.

Monday;
Watch for wave (a) to complete on Monday.
We should see a corrective lower high in wave (b) develop next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I have thrown in the towel on the bullish count in USDJPY.
The price declined today again out of a possible triangle pattern.
This suggests wave [iv] of ‘C’ traced out a triangle.
And now wave [v] of ‘C’ will again fall below 103.17 to complete five waves down in an ending diagonal wave ‘C’ next week.

Monday;
Watch for wave (a) of [v] to break the low at 103.64 and confirm wave [v] is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW seems to be on target to rally again into wave (v) of [v] on Monday.
The price has reversed higher this evening after completing a three wave correction in wave (iv).
If the ending diagonal pattern here is correct,
then we will see a three wave pattern higher in wave (v) over the coming days.
The target lies at the 30370 level where wave [v] green will reach equality with wave [i] green.
And this should happen pretty quickly next week.
So far,
next week is lining up to be a very interesting affair all round!

Monday;
wave (v) is underway and should rally out to a new high in three waves.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is just a few days away from completing a bullish impulse wave off the recent lows at 1764.
The price seems to have traced out a running flat correction in wave (b) at todays high.
And now wave (c) should come in next week and drop to a higher low at above 1800 again.
This will complete a 5/3 pattern higher off the lows.
And the next move should be a sharp rally in wave [iii] beginning later next week.

Monday;
Watch for wave (c) of [ii] to complete at about 1806 and then turn higher into wave [iii].

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Well,
the pattern in wave (iv) and (v) is not the most beautiful the world has ever seen,
but it sure is a real possibility now.
The price has moved off the recent high in a pretty corrective manner today,
and that suggests wave ‘v’ of (c) will return higher on Monday and finish five waves up out of the triangle lows.
Once that is done,
I will be looking lower again into wave (i) down.

Monday;
watch for wave (v) to complete with one more push above this weeks high.
The key level is at 44.00 below us now,
and a break of that level will be the first sign that this market has topped again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Todays decline is interesting in terms of the alternate count now.
If the top is in at this weeks high,
that means todays decline is the beginning of the turn into the new bear-market.

I am going to hold out on calling that just yet though!
So tonight I am allowing for one more rally into wave (v) in three waves over the next few sessions.

The target level is still at 3720 or so,
where wave [v] and [i] reach equality.

Monday;
Watch for wave (v) to push higher and hit the target area by Tuesday evening.
And then we will begin to look lower again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Wave (b) of [ii] could be complete at todays lower high as a running flat correction.
Another drop is expected in wave (c) on Monday.
This will complete three waves down and a bullish higher low at wave [ii].
and then we can begin to look for an acceleration higher in wave [iii] up next week.

Monday;
There is an exciting opportunity developing here if the short term pattern is correct.
Watch for wave [ii] to complete on Monday.
and then wave [iii] up is in play from there.

That does it from me for the week.
It really is lining up to be an exciting week ahead in many markets now.
Not least the metals and the stock markets.
but also the USD.

It may be exciting in terms of the market moves,
but it surely does not bode well for the future of the world!

No matter what we may think,
All is in the hands of the Ancient of days!

Shalom to you all.
And may God Bless you all this weekend.

Adios,
enda.