The S&P 500 was soft this morning but firmed up above the gap from the 13th and pressed up for two hours till just post noon. This is a refinement of what I posted last night as the alternate count where wave [C] of iv needed another minor high. The high early this afternoon may in fact be it, but we need to see SPX drop back under the 20 EMA, say around 4367, for first serious confirmation of a reversal.
Checking in on bonds, we see the wave (II) idea is under pressure as ZB leans on the last chance for a wave (II) at 109^17.
As for crude, it is still holding support at 84.45 so think it best to let it try for a minor new swing high in wave ii before a serious reversal attempt is made.