Charts added to this post as I complete them. Full post ETA 10:30.
Promising turn lower in bonds from 162^25 to 163^11 resistance zone. Now need under 162^07 for initial confirmation that [B] of b lower has started.
Wave [IV] idea in gold invalidated this morning with the drop under 56.94. Now looks like is in a third wave lower that would normally target at least 53.96. While under 56.09, bias is lower.
Euro certainly is acting weak but I’m hesitant to be very bearish until a better bounce. Under 1.1032 invites prices lower to test 1.1000.
Gold is reacting to the test of 1542.33 but has yet to drop under 1531.30 thus bears should be cautious.
Prefer the low from yesterday holds but a minor new low today around 2952 would not be the end of the world. If SPX can grind over 2973 this morning, go with it and reach for 2980 or 2986 at a minimum.
