As I type this, S&P 500 futures are retesting the low from yesterday. I’d like to see a minor new low ideally against 4128.25 or 4127.25 but think we are broadly in the right place for the end of wave v of (i).
Bears are keeping alive the wave (IV) hypothesis which implies a new bond low early next week.
Not clear what crude is doing here. I don’t know if this consolidation is a wave four or two.