The S&P 500 has recovered the Friday drop as the high is being retested in the afternoon today. I favor a retrace from the 4323 to 4326 zone but doubt it is much ahead of the CPI data tomorrow. Tomorrow through Thursday should be more volatile.
Crude is pretty weak today suggesting that the [B] wave high has been set and now early in [C] of v of an ending diagonal down. Next minor supports at 66.30 and 64.80.
Bonds are lower which I like as it would be nice to get a new swing low to complete wave [V] of iii. Perhaps tomorrow or Wednesday.
Ok thanks. I saw your last update about 30years clearer for me. So not only a complex correction for wave (IV), but a quite rare structure (Flat with a double failure)...! See how it ll work with US CPI and Fomc.
If i may ask you # About the 30 years, why did you put the wave IV at a lower low instead of high # . The structure should be more logical...?