Bonds are trying to climb through the 167^13 resistance area this morning. I say give them a chance at testing 167^25. Minor support at 167^04 if needed.

Yesterday I mentioned it would be nice to see a small pullback in crude before attempting higher. The waited till this morning to do so but did get a pullback to the top of support and has been climbing since. I think it wise to allow at least a tap of 58.72 if not higher to 59.27. Much like the equity indices, this looks pretty stretched and I can’t be excited about higher, but that is the path of least resist for the moment.

I’ve applied the same labels here on the Euro as I did on the daily chart last night except for moving up a degree. Should be nearing the end of (A) of [II], the first segment in a three wave bounce for [II].

Gold is starting to run into the daily moving averages and hence slow but while above 1827.50 they can still reach for 1853.60 or 1872.00.

I still think the S&P 500 is late in the stages of the move up from the end of January but buyers came in to defend the hourly 20 EMA this morning and are attempting to push it up to a new high. Next point of interest past 3915 is 3925.