Bonds
Still lean to another small swing down in ZB to complete wave [I] or (I).
Crude Oil
Thinking CL is attempting to make the first impulse down from a possible wave ii high. Next little steps down at 79.75 and 78.55.
Dollar Index
Pretty happy with how DX is performing as it is now starting to push past 104.00. Next little step up is at 105.10. I expect much higher.
Euro
Euro looks to be early in wave [III] down and may be in wave [III] of iii down.
Gold
Gold put in a nice rejection of 2224.80 in what could be the first small impulse down from a possible ‘c of (y) of [b]’ high. Will have to see is a lower high forms in the next several days.
S&P 500 Futures
S&P 500 futures gapped up today but didn’t have the follow-through bulls would have hoped for in the daily session but instead started to drift back lower. I understand that shorting in very difficult at this point. If at some point in the next day or so, ES drops back under 5277, it will mark a possible wave iii high.
Nasdaq 100 Futures
I’m still partial to something similar to the S&P 500 here in the NQ. Not clear if the high today is a small ‘b’ wave type high or if the will be a small new high closer to 18800.