S&P 500 futures punched up into the next overhead target range prior to the day session open and set a lower high around 11:00. I prefer a retrace to kick in but need to have a break under 4418.25 4518.25 in futures to get it started. Once under 4418.25 4518.25, 4498.00 should become a magnet.
Addendum: 4418.25 on the following chart should be 4518.25
Nice to see ZB dropping under 114^22 which increases the likelihood of a retrace lower getting started in bonds.
Crude on plan so far as it leaks lower under 77.65 today. Prefer an eventual new swing low prior to a better bounce.