Good evening all you fine people.

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

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD continues along the ending diagonal pathway today.
There is little or no upside momentum to speak of now in wave (v).
Wave (v) is tracing out three waves up as expected so far,
With wave ‘b’ of (v) completing a running flat at the session low,
and now wave ‘c’ of (v) on heading for one last high with a break of 1.2176.

Tomorrow;
Watch for wave ‘c’ to pop to a new high and then return back below 1.2176 in quick succession.
This week should bring a new impulsive move lower to begin the turn into wave (D).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The rapid move higher today can be viewed as either wave (b) complete,
or wave ‘a’ of (b) with a larger wave (b) left to complete later in the week.

The price has completed a lower high at todays high.
And the decline off that high is looking impulsive at the moment.
So I am going with the idea that wave (c) is now underway.

Tomorrow;
Watch for a five wave decline to continue this week in wave (c) of [a].
Only a break of 1.3135 will confirm wave (c).

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is still moving along the path of a three wave decline in wave [v],
and this move should complete an ending diagonal in wave ‘C’ of (E) as shown.

The spike higher this afternoon is in line with a three wave correction to the upside in wave (b).
Wave (b) of [v] should complete a lower high tomorrow evening.
and then wave (c) of [v] is left to finish this large and excruciating drift lower over the last several months.

Tomorrow;
As with many markets,
we seem to be approaching an important inflection point in USDJPY now.
I think the next major move favors the USD.
So this week is interesting in terms of getting that scenario started.

Watch for wave (b) to complete below 104.56 and then turn lower again into wave (c).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

We rise and fall and go absolutely nowhere!

The ending diagonal wave [v] continues on the slog to the top today.
The early rally was wiped out this afternoon,
both the rise and fall were equally impulsively looking moves also.

The short term pattern is calling for another rally to complete three waves up in wave (v) of [v] this week.
But the final high should not be much above the upper trend line at about 30370 now.
Once we see three waves up in wave (v) in place,
then I will begin to look for a large impulsive decline into wave [i] green as shown.

Tomorrow;
Watch for wave ‘b’ of (v) to hold above 29750.
Wave ‘c’ wont take long to complete so we should be finished with this ending diagonal by Wednesday.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave [ii] is not looking any less complicated this evening after a pretty uneventful trade.
The price is holding just above the 50% retracement level at 1819.
And the action is still very corrective looking.

There is a reasonable chance that wave (b) is still in play now,
maybe as an expanded flat, or a triangle?
I will just wait and see on that front.

Tomorrow;
If we fall into the 1800 level again and then rebound above 1850 again.
That will be a good signal that wave [ii] has completed.

For the moment,
watch for wave (c) to complete with one more test of 1800.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude had a promising fall this morning with a nice sharp move lower.
But the rally off that low is just too big to dismiss as a correction.
So right now I am considering the whole pattern in wave (v) again.

This involves another ending diagonal pattern if you can believe it!

the fall off last weeks high is in three waves,
and this fits nicely into the wave ‘iv’ position.
With one move rise in wave ‘v’ to complete the pattern.

Tomorrow;
Wave ‘v’ should trace out another three wave move to finish off with a break above 47.80.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

No change in the S&P tonight either.
The pattern is moving along as expected.
And the final leg higher in wave (v) of [v] is underway.

This should again trace out three waves up,
and this evening it looks like wave ‘b’ of (v) is underway.
Wave ‘b’ should hold above the rising trend line at 3640.
And then wave ‘c’ should rally into that final new high above 3723 again.

Later on in the week I will begin to look for an impulsive move lower off the high to end this rally for once and for all.

Tomorrow;
Watch for wave ‘b’ to hold above the rising trend line at 3640 and then rally again in wave ‘c’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Wave (b) is still stuck in limbo at the moment after another day of net zero gain.
The pattern is beginning to look like a triangle now in wave ‘2’.
The range is definitely contracting.
And if we see another failure at the upper trend line tomorrow,
that should lead to a decline into wave (c) towards 23.00,
and also a bullish higher low in wave [ii] or wave ‘2’.

Tomorrow;
the low at 21.87 must hold this week as wave [ii] completes.
Watch for this triangle wave (b) to give way to a decline in (c) by tomorrow evening.