S&P 500 futures have been up in the early morning rising from the Friday low. I favor a bounce attempt this week in SPX but it can be choppy. I’m assuming wave (A) of [II] up is in progress today. Initial resist being felt at 4508 though I expect an eventual grind past to test the 20 EMA at ~4518 or the .382 retrace at 4524.
ZB had a sharp bounce up on Friday but could just be part of a low degree fourth wave. As I mentioned in the weekly update, I do worry a bit about truncation though the pattern would look best with a bonds pushing a bit lower into the end of this month. A (IV)-(V)-[IV]-[V] sequence as depicted below could help run the clock yet guide prices to a new low.