S&P 500 futures declined into just before the day session open at which point buyers stepped in though bulls weren’t able to break up on the first try but had to wait till just after noon to get bears to capitulate. I expect bulls to be able to keep the pressure on now till late in the day as they aim for 4448 or 4460.
ZB had a tiny bounce that was just short of first resistance at 124^21 before falling back under 123^24. I assume bonds are now late in wave [V] of iii. Next little step down at 122^21.
Euro pushed up this morning to some short-term extension targets at 1.1018 and 1.1045. This could be a deep wave [II] as there are three waves up but I think it a little too aggressive to attempt to fade without some proof of reversal first. The alternate is there needs to be another high in [C] of ii up off the June 6th low.