Good evening folks and the Lord’s blessings to you.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Wave ‘c’ is almost there after a pretty choppy trade today.
The target at 1.0460 has not been hit yet,
but once that level is met,
that will complete an expanded flat correction in wave ‘b’ and I will turn my attention higher again into wave ‘c’ of (iv).

Tomorrow;
Watch for wave ‘c’ of ‘b’ to complete with a break of 1.0460 and then turn higher into wave ‘c’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

the action in cable is sideways again today which suggests a correction is still in play here.
I am showing wave ‘4’ of ‘c’ complete at the session lows.
the spike higher off that low is the beginning of wave ‘5’ of ‘c’.
This idea will be confirmed if the price continues higher again tomorrow to break 1.2810.
And from there I will look for a top of wave (iv) and a turn lower into wave (v).

Tomorrow;
Watch for wave ‘5’ of ‘c’ of (iv) to complete with a break of 1.2810.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is refusing to turn down out of the wave (iv) top today which is causing me some headaches!
The price rallied again in wave ‘c’ of (iv) today,
but so far the upper trend channel line is holding the action quite well.
We still have a solid three wave pattern higher in wave (iv),
and once wave (iv) tops,
then we should see a turn down into wave (v) of [i].

Tomorrow;
Watch for wave (iv) to top out again and then drop back below 151.00 again in wave ‘i’ of (v).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is holding below the previous wave ‘a’ high today after another pretty quiet trade really.
I am not tempted to label the action yet because the action has not proved itself in any direction yet.
This may turn out to be just another correction in a larger pattern higher.
that is a reality that I just have to swallow.
and we will see soon enough.

Tomorrow;
Watch for the recent high to hold again.
A new impulse wave down will break the recent support at 42880 with ease.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I have been looking for a top in wave ‘b’ of ‘b’ for the last few days and that has not materialized.
gold broke higher again today to hit the previous wave ‘a’ high at 2722.
This action does put pressure on the wave count on the hourly chart,
but the count is not broken yet.

I am adding an alternate high for wave (b) as a possible interpretation of the persistent rally this week.
Overall I still believe this is a correction within wave (b),
and wave (c) will turn lower to retrace the gains very soon.

Tomorrow;
Watch for wave ‘b’ to finally top out and then reverse lower into wave ‘c’ before the end of this week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude pushed higher today into wave ‘iii’ of (c) with a break back above the 70.00 level this evening.
We also have the previous wave ‘b’ high very close by.
A break of that level will confirm this wave count.
and we can expect wave (c) to continue higher to top out near 71.50 again over the coming days.

Tomorrow;
Watch for wave (c) of [ii] to complete five waves up near 71.50.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is making an attempt at a new high today and that has shifted the internal count for wave (v) again.
The slight decline this week has proved corrective for now,
and the price should now move higher again into wave ‘v’ of (v) as shown.

Tomorrow;
A new high seems inevitable now,
so lets see if there is a more impulsive reaction off that high to begin wave (i) down again next week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver did not turn down into wave ‘i’ today,
so it seems we are stuck with wave (ii) for another day.

That small drop off the high only traced out three waves down,
and today the price retraced most of that decline again.
So a new high in wave ‘c’ of (ii) seems likely now.

Tomorrow;
Watch for a break of 32.28 in wave ‘c’ to complete the larger correction in wave (ii).