S&P 500 following the plan for a day or two of choppy trade as the market waits for tech earnings. SPX sold the tap of the hourly 20 EMA and is attempting to bounce from a test of the lower end of the range near 4217. I doubt it really moves out of the range till at a minimum the earnings this evening and may remain stuck out into Thursday.
Bonds holding up for now, but the intraday cycle is at a high.
Crude thrust lower again today in what should be the first impulse down from wave ii. I’m not sure the wave [I] low is set yet though 82.90 is an initial target. Maybe a little late to chase it down at this point prior to a bounce.