S&P 500 on plan with the gap down today and sliding lower. I’m penciling this in as the first leg down from wave iv in progress with the choppy action post 13:00 probably a low degree fourth wave.
ZB has pushed down to retest the low from October 6th. I suppose I could technically call that a wave (II) but I think it probably best to assume the alternate is active and now low in wave [V].
Crude popped up into better wave ii targets early this morning. Bears may actually get a chance to get something started if CL drops back under 86.90.