Bonds
Very little to say about bonds as they continue to ride along the ascending trend line. I still favor an eventual break lower that at least retests the low from last year.
Crude Oil
Cruce is trying to bounce from the 68.10 area. I’m not sure what form wave iv is taking. On the lower time frames, I have been thinking a triangle but I’m not very confident in that when I step back and look at this chart. Could easily see a test of 73.90 or even 77.50.
Dollar Index
DX may have completed a wave ii retrace and ready to begin a climb in iii. Need DX to spend time above 102.70 and punch over 104.60 for confirmation.
Euro
Same idea here as in DX above but the inverse. A possible lower high against 1.1060 but need Euro to fall back under the 20 period EMA, around 1.0887.
Gold
Probably a good idea to allow gold to bounce a bit from 1924.65 but prefer it to stay under 2002.20.
S&P 500
Worth noting that the S&P 500 has an exhaustion signal from the Wave 59 9-5 study on the candle from last week and the dominant cycles are cresting. I think SPX is very late in the advance from the March low and that may in turn make for a completed corrective move up from the low from last year.
Bitcoin Futures
BTC poked above 30970 but is clearly having trouble with this resistance. Whether this is wave (iv) or (a) is subject to debate but would like to see at least a corrective move lower into autumn of this year.