EUR/USD - Has worked its way lower as expected. Now it's time for a minor counter reaction towards 137.22 before the next powerful leg lower, which should take out support at 134.81 for a continuation towards the low 133 area.
S&P 500 - If we already has reached the top at 1,292.48, the above count should be appropriate. That means a break below support at 1,233 and more importantly 1,215 should be seen soon for a decline towards 1,157 and all important support at near 1,080. If however support at 1,230-1,233 protects the downside we could see a continuation higher towards 1,311 before we will be ready for the next leg lower.
Gold - Is more or less sitting at support near 1,760 a break below here will open for a decline near 1,681 and important support at 1,625.
Crude Oil - A top is likely building, but we need a break below 96.35 and more importantly 94.60, which will confirm the top for a decline towards 90.23 and 84.43 longer term.
Gold - Is more or less sitting at support near 1,760 a break below here will open for a decline near 1,681 and important support at 1,625.Only a break above 1,803 will invalidate this count and call for a continuation higher towards the 1,911 high.
Crude Oil - A top is likely building, but we need a break below 96.35 and more importantly 94.60, which will confirm the top for a decline towards 90.23 and 84.43 longer term.Until the break below 96.35 we need to allow time for the top to build.
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