Bonds
Bonds leaked lower last week but as I have said before, I just can’t be bearish at this point as all but perhaps the short-term charts look like they have completed fractals. Could there be a bounce followed by yet another fresh low? Sure, but I wouldn’t count on it.
Crude Oil
Impressive drop in Crude last week which makes it even more likely that the wave (b) high is set and now earl in (c) down.
Dollar Index
Certainly DX is slowing down but I think it is a short-term phenomenon. The next cycle inflection is early in November hence why my inclination is to give it a chance to climb a bit more over the next few weeks.
Euro
Same idea here in the Euro but in the opposite direction. I think it best to allow for an attempt to push down into the Keltner channel around 1.0415 or 1.0195.
Gold
GC probably puts in a bounce before dropping lower.
S&P 500
So far, the S&P 500 has a three wave look down from the late July high, which is potentially a corrective move, especially while above 4200-4193. I favor giving bears a chance to form a consolidation and press down once more so as to form an impulsive move. Yes, I think there will be an end of year bounce, I just think it starts in late October or early November.
Just to give you a peek at how futures are behaving, S&P 500 futures gapped down on the Sunday evening open. I think there is a reasonable chance that the high on Friday was [A] of iv and now down in [B] of iv. Not clear if the [B] wave will form a higher low, say around 4283.25 to 4267.25, or a lower low around 4103.00 to 4188.25.
Bitcoin Futures
Seeing if BTC will put in a lower high over the next week or three under 30865.