Silver Wave 4 invaded Wave 1 territory to end at $16.37. Wave 5.1 and 5.2 ended at $13.85 and $14.64. Wave 5.3 current low at $13.75 may end near $12.5. Wave IV)C5]5)5.5 may end near $12.1 or $11.5.
USD/JPY tumbled to 116.128 without going up to 125.85. This may be Wave 3]4) Wave 3]5)1,2,3,4 ended at 121.735, 118.065, 123.76, 120.582. Wave 3]5)5 or alternate count Wave 3]5)1 may end near 126.36. Alternate count Wave 3]5)5 may end near 157.
EUR/USD Wave III3]4) ended at 1.17165. Wave III3]5)1,2,3,4 ended at 1.10892, 1.14953, 1.05219, 1.10429. Wave III3]5)5 may end near previous low at 1.04984 to form an A-B base, or near 1.01 and 0.95.
INDU may give answer the long term question soon. The 3-wave UP from 15,370 to 17,977 may be an a-b-c or 1-2-3. The "Big M" pattern points to a fall to 16,933 where the question "a-b-c versus 1-2-3" will be answered.
TRAN has multiple confirmed "Big M" patterns lately. If the Big "Head and Shoulders" pattern is confirmed, TRAN may go DOWN to 6,700.
UTIL rebounded as Wave 3.2 then fall as Wave 3.3:1 as a 5-wave. There may be a rebound as Wave 3.3:2 to 575 and the a fall as Wave 3.3:3 to 520.
SPX broke above neck-line then fell back as a confirmed "Big M" pattern. SPX can go UP to 2,260 but this is less likely now. SPX may fall to 1,850 soon.
NASDAQ rose to test 2000 High for the fifth time and fell back below MA200 with a tentative "Big M" pattern. If the "Big M" pattern is confirmed Wave IV]C1]3)1 target may be 4,250.
And the answer is "a-b-c" of Wave V]IV)E1]2). The last low at 15,450 may be Wave V]IV)E1]3)1 at the verge of another "Big M". Wave V]IV)E1]3)2 rebounded to 16,136. If the "Big M" are confirmed, Wave V]IV)E1]3)3 may go DOWN to 14,200. For the long term. Supercycle Wave III) 1974-2000 Supercycle Wave IV) 2000 - 2009 or 2016 target around 5,600.
The Big "Head and Shoulders" was confirmed and TRAN went DOWN beyond 6,700 to 6,403 and rebounded to 6,879. This may be Wave 3)1 and 3)2. Wave 3)3 may go DOWN to 5,530 or 5,350.