Midday Update: 2024-04-02

Bears press through the morning

S&P 500 Futures

I’m leaning to S&P 500 futures being close to the first step down in a wave iv. I’d like to see a new low on the day, but it is pretty stretched. If S&P 500 futures manage to push past 5256.25, the wave [A] low is probably set and starting a bounce in [B].

Ideally get another low on the day

Bonds

As I posted last night, I’m warming up to th…