Equity Markets - Walking the "thin" line

The Equity Markets is walking the "thin" line. Some have already broken it, but is just waiting for the others to leap.

No counts here. Just the line and the charts...

Crude Oil - Time for a new impulsive downmove?

We might be stading just before the next impulsive downmove here. A break below 96.64 and more importantly 94.84 will confirm the next decline towards the 83.85 area.
My micro count maybe a little primature and wave ii is still ongoing in a c-wave rally higer towards 100.46, but it should not alter the bigger picture calling for further downside pressure to come.

EUR/USD - The bullish scenario again under threat

Sorry I didn't update yesterday, but I had Computer problems, but they should be fixed now.

The decline below 140.46 has once again put the possible bullish count under threat. As long as possible wave iv does break into the territory of wave i at 138.61, the bullish count could still be valid. As can be seen on the hourly chart below the last decline is followed by a very clear divergence on the MACD-Indicator, which could be a warning that a bottom is close at hand. To really get things going for the bullish scenario a break above the minor top at 143.45 is needed.

A break below 138.61 will kill the bullish count and favor that the entire rally from 118.75 was a double zig-zag and call for a much deeper decline. Before that decline we should see a rally higher towards 143.45 first thus.

S&P 500 - One more rally needed?

It has been some time since I have looked at the S&P 500, so maybe it's on time.
I still regard the rally from March 2009 as an [B] wave. The entire rally has a wedge like shape, which is ultimately bearish. The big question though is, when wave [B] is over. We could have seen the top with the test of 1,370.58, but if that is the case we need a break below 1,318.57 and more importantly 1,294.98. However as long as 1,318.57 isn't broken to the downside we might need one more rally higher towards 1,381 and maximum 1,394.82.

The last part of the rally since1,248.83 is clearly lacking momentum, which is a warning sign.

Crude Oil - A decline right after the EW-book

Yesterday I wrote that we should see a impulsive move down towards the 93 - 95 area. The decline we have seen since has been right after the EW-book and we should soon see a test of the 95 support. Even though I expect a minor correction from 95 don't be surprised to see only a very small correction as we are in wave (iii) of 3 down. If 95 and more importantly support at 93 breaks we should see a decline towards the 83.51 area.

EUR/USD - Correction or a new impulsive decline?

The price-action since my post from yesterday, didn't support the possible red wave (iii). The only possible valid impulsive action is to count the rally from 140.46 to 143.45 is that we have seen an Leading Diagonal. If this is the case, we should support near 141.24 area.
This scenario is only valid if 140.46 isn't broken at any time. A break below 140.46 will switch the count towards a bearish wave iii decline. If however 141.24 and more importantly 140.46 isn't broken and we instead sees a break above 142.60 we should see a new rally above 143.45 towards next resistance at 144.23.

Crude Oil - Ready for the next move

Yesterday I said, that wave (c) of (ii) should end at 101. It ended at 100.95 and we should now be ready for the next move lower towards the 93-95 area and a challenge of strong support.
A break below 93 will open the downside for a move towards 83.63.