S&P 500 futures continued to climb overnight and into the day session. There was a small consolidation spanning roughly 11am to noon, followed by continuation up in the early afternoon. S&P 500 futures are now up into the 38% retrace of the late July high to the low late last month. I would think there is a bit of a stall here, but not a good idea to be in a hurry to fade what looks like a third wave up as they have a nasty habit of extending. An aggressive trader may try to short once back under 4327.25 in futures but be careful. A safer confirmation of reversal would be a drop under 4321.25.
Bonds stalled against 111^09 but the retrace was shallow as I warned about last night and are now pushing for the overhead targets. Probably should look for a push for 113^09
Checking in on crude, it put a little pressure on the 80.80 support before springing back up. I think a wave [II] bounce is likely here and thus think they try for at least 83.80 and probably higher.