Bonds
Bonds dropped to a new swing low today which meets the minimum requirements for [V] of c of (b). Ideally ZB would drop to at least 112^10 but I think it dangerous to be short. Buy? Perhaps a little too aggressive prior to either testing a target or prior to recovery of 113^26.
Crude Oil
CL doing well enough as it is pushing up against 83.80. I expect crude to make a push for 84.80 or 85.60 next.
Dollar Index
DX is continuing to lean on 105.57 and it isn’t a sure thing that it will hold. Probably waiting for the FOMC meeting next week.
Euro
I’d say this area is an aggressive wave [II] candidate in Euro though I have reservations given the location of the RSI on the daily chart. The RSI on the daily chart, the indicator at the top of the chart, could easily support a pretty deep retrace up.
Gold
Yesterday I was open to the possibility of another low in gold to set wave [IV] but GC held above the low on Wednesday and thus think the odds are now tilted to moving higher.
S&P 500 Futures
I’m relatively pleased as today played out the way I expected as a higher low formed in the morning. Now probably should expect a press up in a wave [III] that takes futures to 5287.50 and likely higher.