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

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is holding a higher low above the wave ‘b’ low at 1.0452 tonight.
It is a close call at the moment with wave ‘2’ of ‘c’ just holding above that wave ‘b’ low.
So we need to see a rally in wave ‘3’ of ‘c’ tomorrow to break above the 1.0600 level at a minimum.
If this pattern is correct,
then we should see a high in wave ‘c’ of (iv) near 1.0700 in a few days to complete the correction in wave (iv).

tomorrow;
Watch for wave ‘c’ of (iv) to continue higher in five waves as shown.
Wave ‘b’ must hold at 1.0452.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The price spiked higher in cable today which has pushed this pattern to be honest.
Wave ‘4’ of ‘i’ can hold for the moment,
but we must see a drop tomorrow into wave ‘5’ of ‘i’ to break 1.2600 at a minimum.
that will complete the initial drop of the highs,
and signal that wave (v) is underway.

The alternate count shows a larger wave (iv) correction underway,
in that case the price has just bottomed in wave ‘b’,
and todays rise is the beginning of wave ‘c’ of (iv).

Tomorrow;
Watch for wave ‘5’ of ‘i’ to drop back below 1.2600 to signal this pattern is correct.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is really beginning to impress to the upside again today,
and I am very close to reconsidering the longer term pattern again.
The main alternate for the larger pattern is on the Daily chart.

So far we still have a lower high in wave [ii],
but if the rally continues tomorrow I will be forced to rethink things here.

Tomorrow;
Wave [iii] down must begin from here.
Watch for wave (i) of [ii] to drop back below 151.00 again to favor the main count.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A lackluster start to the week today.
the market is basically flat off Fridays close.
I cannot discern an obvious impulsive pattern off the top yet honestly.
So I am waiting for a decisive move lower and a break of support to make that a reality.
Some will say that is stupidity coming up to the Christmas break,
but we will see!

Tomorrow;
As long as the market continues to step lower,
then the topping pattern remains a possibility.
A break of support at 42880 is key here.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is pretty flat today also which makes me wonder about the main count.
I am looking for a drop in wave ‘c’ of ‘b’ to hit 2600,
and from there turn higher again into wave ‘c’ of (b),
that is still the main idea here until proven wrong.

the alterante count calls wave (b) in blue already complete at the highs of 2725.
If the price accelerates lower from here that count will favor the action.

Tomorrow;
Watch for wave ‘c’ of ‘b’ to drop into 2600 to complete an expanded flat correction in wave ‘b’.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Wave (c) of [ii] is still in play here even with todays slow trade.
I am looking for wave ‘v’ of (c) to push above 71.45 to complete this correction in wave [ii],
and from there we should get a sharp turn lower again to begin wave [iii].
We are close here,
but one last spike to the target will do it.

Tomorrow;
Watch for wave ‘v’ of (c) to hit 71.45 and then turn lower again into wave (i) of [iii].

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

the S&P is about to hit a new high again after a steady rise throughout the day.
wave ‘v’ pink will complete with at a new high,
that will complete the larger wave (v) blue.
and then later this week I can look for a turn lower again into wave (i) down.
The Dow has turned earlier,
but the wider market should follow suit this week.

Tomorrow;
Watch for wave ‘v’ to complete the larger pattern above 6100.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

silver is flat also today with a very slight attempt to rise early in the session.
I want to see wave ‘i’ pink fall back below 30.00 again to complete.
And from there a lower high in wave ‘ii’ can build.

If this pattern is correct,
then this week will be a slow enough trade as wave ‘i’ and ‘ii’ complete.
then wave ‘iii’ down can get underway and accelerate lower to confirm wave (iii) blue.

Tomorrow;
watch for wave ‘i’ pink to complete with a break of the 30.00 level again.