Bonds
ZB fell back from 115^09 and with a retest or minor new low under 114^00 will have a better form for a completed ‘(C) of [II].’ It helps that the 240-minute chart has a forecasted low on Friday. Again, confirmation of a reversal is a move up over 115^09.
Crude Oil
Crude is on plan as it lifted up off of 57.70 on Thursday to retest the high from the 7th. 60.50 is the minimum target for ‘C of (B)’ but I wouldn’t be surprised by oil moving a bit higher.
Dollar Index
DX came through with a strong day on Thursday to move up to the minimum target for a wave iv. We will see if DX follows the daily cycle down into the middle of the month.
Euro
Euro dipped under the daily support of 1.1284 to test the next intraday target at 1.1228 before firming up. This is a reasonable candidate for a iv but would be bulls need to see at 1.1284 recovered and better 1.1296 as proof of a reversal up.
Gold
Gold is on plan so far in that it is exploring the range in what I’m penciling in as a triangle fourth for now. A possible [C} wave low in the triangle being set against 3290.60. Recovering 3319.00 is a positive for rising in a [D] wave.
S&P 500 Futures
The S&P 500 futures came through with the new swing in the afternoon of Thursday on the back of the US/UK trade deal news. I suspect this is a ‘sell the news’ type trade setup. We will see if a lower high form on Friday and the market begins to trend down in the early stages of ‘b of ii’ down.