Bonds
ZB has bounced a little after the test of 119^20 but the adaptive CCI is nearing the zero line and thus I wouldn’t be surprised to see a some sideways to lower on the intraday time frames. Will see if 119^30 will hold as support.
Crude Oil
It has been slow in coming, but finally getting the move up for a better-looking wave ii in crude. CL now testing an initial target at 75.60. I expect crude to grind past this level and push for 77.30 or 78.55 before a consolidation.
Euro
I’m not confident that I’m dialed into the very short-term movements in Euro. Bigger picture, I expect lower but not sure we have seen an adequate bounce from which to sell.
Gold
GC appears to be retracing in a ‘B of (II)’. Will see if 2015.70 holds as support.
S&P 500 Futures
The high of the day was at a good spot for a lower degree third wave which would imply the possibility of sideways, choppy action for the next few days. The next wave (III) target past 4898.00 is 4917.50 if required. Overall, I think the market will be range bound this week as it waits for Netflix and Tesla earnings after the bell on Tuesday and Wednesday.