Bonds
ZB is mostly on plan as it is starting to bounce a bit. There was a little slip under 117^03 today before rebounding. I’m penciling this in as early in a wave [II] bounce.
Crude Oil
I like CL stalling around 86.00 today. Would be bears need CL under 85.00 to get a retrace started.
Dollar Index
DX down today in the expected retrace. Initial support at 1.04.08 but could see deep support at 103.42 tested after a pause.
Euro
Looking at Euro a bit more, I think I should assume that wave ii is becoming more complex instead of bouncing in a lower degree two. First target for [C] of ii is at 1.0929 though higher is certainly possible. I’ll probably need to change my count in DX above to this count though we will see.
Gold
I continue to dig my heels in and think gold is working on an important high, either as a [b] wave or (v). About the most bullish I can get is to call this current move iii of (v). Regardless of wave count, I think you should be very careful with holding gold long in the 2328.00 to 2356.00 zone.
S&P 500 Futures
A choppy day in the equity indices today as there was a quick rally on the open but that advance eroded slowly and then quickly late in the day. I’m treating the late day low as a (B) wave which implies a up in (C) of [B] overnight and Thursday morning. 5294.00 and even 5306.50 could easily be reached later in the day on Thursday.