Bonds
ZB is doing something similar to the S&P 500 in that it is leaning on important support, in this case 120^29. A quick poke to 120^20 is OK as long as 120^29 is recovered soon. If ZB starts to spend time under 120^20, I’d have to give up on that one last move up to a new swing high.
Crude Oil
CL has been frustrating as it has chopped sideways since the turn of the year. I have been looking for a better bounce in a wave ii and that might finally get started. First major target is at 74.35 but think higher is likely.
Euro
I have not been very convinced that we have seen an adequate lower high in Euro. Now thinking the consolidation from January 5th to January 11th was probably a lower degree fourth and the low here a fifth of the first major impulse down from the December high. The ultra bears hope that the bounce from here is shallow to develop a 1-2-1-2 formation.
Gold
Similar idea to Euro above, that I think GC may have completed an impulse down from the late December high.
S&P 500 futures
S&P 500 futures have been soft today and dropped under my line in the sand, 4755.75, for keeping a new swing high alive. Bulls can save this if they act now. There was nice reaction to the next support at 4786.25 which allowed the market to recover 4755.75. The mission for bulls now is to grind over 4764.50 and more importantly close above 4755.75.