Bonds are fighting to make a higher low stick. A positive that 168^23 is holding this morning. Now need over 169^06 to force short term bears to cover.
Crude is making my head hurt as it is trapped between 53.19 and 52.12. I’d like to see bears prevail but need a drop under 52.12.
Euro is threatening to accelerate lower in the early stages of wave (III) down. Under 1.2204 invites a press to 1.2017 and lower.
Silver is being squeezed today but that has had little effect on gold which still looks like a developing wave ii high. Bears need to see prices drop away from 1864.90 and later drop under 1847.90 for confirmation that iii down is in progress.
The equity indices opted for the minor new highs over that of the early morning highs in futures. Still looks like the late stages of a wave (A) up.
