S&P 500 futures tested a support at 4409.75 in the Asian session but reversed from the initial resistance at 4466.00. This suggests that we need a new low or at least a retest of 4409.75 before the next bounce attempt. I still think we are near the end of this phase of decline.
Euro looks to be in the same condition, initial resistance tested this morning and moving down from it. Support at 1.0862. Note that we are starting to see positive divergence and the Wave 59 9-5 study is nearing an exhaustion signal.