S&P 500 futures were up overnight and had enough momentum to push to a day session around 11am. Following was some choppiness for a couple of hours before a quick slip lower and recovery as SPX held above the 20 EMA at 4350. I think it best to allow for another try at poking at the highs from last week before the attempt at pushing lower. Overhead resistance to monitor at 4391 and the gap fill at 4402.
Crude slipping a little after a tiny new swing high in the morning. I’d say this is the lower end of the range for a possible wave ii. Bears can’t get overly excited till CL is back under 84.25.
ZB is soft today as it retests support from last Thursday. I don’t have a strong opinion here other than a minor bias to let bulls try to hold support. Under 111^03 can result in another minor low.