Good evening to you all, and may the Lord bless you all tonight.

I am starting earlier this evening out of necessity!
I am updating the charts to the moment now,
so far there are no major breaks of last nights opinions.
But I know that a very large opex is underway today,
so if anything does break on the counts,
I will update again before Monday to keep in check!

Here we go.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is now holding a higher low above 1.1221 after a three wave decline off the wave ‘i’ high.
A solid correction in wave ‘ii’ is now in play,
and this should be followed by a rally in wave ‘iii’ to break above 1.1361 at a minimum on Monday.

Monday;
The low at 1.1221 must continue to hold and wave ‘iii’ of (i) should rally towards 1.1500 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I have labelled The decline into the low so far as wave ‘a’ of (b).
The correction in wave (b) could take a few more days if this count is correct.
So wave (b) should be complete by Wednesday next week,
and wave (c) can take over after that.

There is a chance that the three wave decline into this low is all of wave (b),
if the price does rally sharply back above 1.3375,
that will favor the idea that wave (b) is complete at this low.

Monday;
Watch for wave (b) to move sideways to complete a three wave correction above 1.3161 by Tuesday next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The rise off the wave ‘i’ low is now viewed as wave a correction higher in wave ‘ii’.
Wave ‘ii’ must hold below 114.26.
And wave ‘iii’ down is set to fall down into support at 112.53 again.

Monday;
Next week should see a more exciting trade take over after this correction in wave [ii].
wave [iii] down will be confirmed when wave (i) breaks the low at 112.53.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow is holding the losses of Thursdays trade again today.
So there is a reasonable chance that the high is in for wave [ii] now,
and a decline should now begin into wave (i) of [iii] over the coming week.
Any rally that occurs next week will probably invalidate the current count,
so I do hope this market finally moves into that third wave down now!

Monday;
WAtch for the high at wave [ii] to hold at 36206.
Wave (i) of [iii] should fall back below 35.000 again in five waves.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The expanded flat idea for wave [b] is holding so far.
The price must now begin a reversal and retrace at least below 1752.
This will be the minimum target for wave [c],
but I do expect a bit more to fill that channel again and to complete wave ‘C’.
Next week is the week for this to happen.
and if the count works out here,
then the low of wave ‘C’ will be the best buying opportunity for Gold before a longer term rally up into wave (5) begins.

Monday;
Watch for wave (i) of [c] to fall back into the 1770 area to begin the next leg down.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is holding a higher low above the wave ‘B’ low again today.
If wave [ii] holds above that 69.22 low again on Monday then I think we are on for a rally next week.

This pattern now suggests that wave ‘C’ up is now underway,
and wave [iii] of ‘C’ will be confirmed with a break above 73.15 again.

Monday;
The wave ‘B’ low must hold.
A break of that level will suggest a larger correction is forming in wave ‘B’.

Watch for wave [iii] of ‘C’ up to begin on Monday and confirm the larger pattern.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

There is a case being built here for another impulse wave down off the recent high.
Todays action is choppy off the low of wave ‘i’ so far.
This could be a correction higher in wave ‘ii’ now building.
If that is the case,
then wave ‘iii’ down should begin a larger decline early next week again.
I want to see a break of 44.94 at the wave ‘iv’ low again before getting too excited again!

Monday;
wAtch for the highs at wave (v) to hold.
Wave (i) down must break the wave ‘iv’ low at a minimum and push lower to complete five waves down next week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has been a strange market to figure out for the last few weeks.
And to top it all off,
we have the closest double bottom that I can remember in the market.
The interesting thing is the fact that this low was a hard invalidation level for the whole pattern,
if it broke,
then we were looking at a decline into the 18.00 area again with ease.
So far that has not happened,
but I am very wary of this pattern here.

Monday;
I want to be convinced of the bullish outlook,
but we need to see a five wave pattern higher to break out of the constant declines again.
Five waves up to the 24.00 area again will do that I think.

That wave [ii] low must hold at 21.43.