Bonds
ZB made a tiny new swing low under that of February 5th in what I’m treating as a ‘(B) of [II]’ low. Over 120^18 should lead to at least 121^03.
Crude Oil
Crude oil pushed past 74.05 today and ran over the idea of a fourth wave and bringing to the fore the idea of a wave [II]. Will see if a lower high develops against 76.75 or so in the next few days.
Euro
Euro firmed up this morning and is not putting pressure on initial resistance at 1.0798. Imagine there is a good chance that the Euro will push higher toward 1.0822 or 1.0840.
Gold
I don’t have much confidence in my short-term gold count as it rises to the 20 period 20 EMA.
S&P 500 Futures
A relatively dull morning in S&P 500 futures as it traveled sideways. I’m penciling that in as a wave ‘IV’ and should see an eventual new high in ‘V’.