Bonds
I’d put the high on Friday as a wave (C) of [IV] candidate as ZB is soft this morning losing 142^08 and testing supports at 141^08. I’m reluctant to pound the table for the high being in till ZB falls under 140^23.
Crude Oil
There has been possible small impulse down from 101.16 and now bouncing. CL bears need a lower high to develop under 99.05 if there is to be one move push down in c of (a) of [ii]. As I’ve stated before, a new low would be nice but hardly a sure thing at this point. Net can’t be bearish on top of 99.05.
Euro
Euro is stuck between 1.0321 and 1.0200. I rate being above 1.0200 as a minor positive for an eventual push for 1.0412 or 1.0497.
Gold
I’m not sure we have seen the end of the fractal down from the June high.
S&P 500
Initial forecast was for a choppy day and that has been true for the morning, but I am concerned that SPX stalled against 3977 in the early afternoon. If bears are going to strike again, that is their best shot in an attempt to force a retest or slightly new low to that of last Friday. Net, I’m not as confident in a range bound day as I was this morning.