The Ending Diagonal has one small up-leg remaining that should make a minor high in the 1375- 1380 range. This should be followed by a sharp initial decline that should retrace to the the base of the Ending Diagonal (around 1335 -1340).
The Ending Diagonal completes wave (3) which began in mid-December. Wave (4) can retrace all the way to 1267. A 1300 target is more likely.
Bonds look ready to rally in the "f" wave of a Diametric. Notice the symmetry in shape between waves "c" and "e" - they appear to be mirror images of each other, suggesting that wave "f" should resemble wave "b"
I am curious to see how Crude Oil will react. A clear inverse Head & Shoulder pattern has established itself that targets $130.
However if stocks slump crude could move the other way as well. Resistance is at the top channel line - that is where I would expect a reaction.
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