S&P 500 futures pushed for next overhead target at 4559.00 just post 10am this morning after which it has slipped lower into the early afternoon. Not clear if this is the end of the advance up from the July 10th low or if there will be a consolidation and one more high. Bears need futures under 4542.75 to get any traction and under 4504.50 for better evidence of a reversal.
Nice to see Euro stalling under 1.1291. Will see if bears can get something started next week.
Bonds have an exhaustion signal on the intraday chart against the 127^01 target. ZB could thus be starting [B] of iv lower.
Crude is falling today away from the 77.35 resistance I mentioned last night. I’d like to be able to pound the table for the wave iv being complete but probably best to wait for a drop under 73.50 for confirmation.