So far SPX following the plan of finding a morning low and bouncing back in the afternoon. SPX almost made it to the 4047 target for a possible [I] and started a bounce. First goal is to recover 4077 and then hold and grind for the gap fill at 4091. The 38% retrace is at 4101 which is a target for either a shallow wave [II] or (A) of [II] if [II] becomes more complex and attempts to climb higher into Friday.
Euro has rejected the 1.1111 area yet again, but I wouldn’t call it conclusive yet as I want to see it spend time under 1.1046. A clearer sign of reversal is a drop under 1.0980.
Nice to see crude also working on a bounce. In this case, I’m penciling this in as early in a [B] wave of a developing v of and ending diagonal (c). Initial resistance at 69.80 but think it has a chance to push over that towards 71.90 or even 74.05.
ZB has a completed wave form, a 3-3-5, for a possible lower high against the 132^19 target. Now bears need bonds to drop under 131^08 for first confirmation of a reversal.